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Hello this is Matt on the moon Lambo Channel did you know that the price of Xrp has been trending upwards for close To two years at this point because I'm Not convinced that most people know that I mean look at the sentiment obviously Within the xrp community in recent Months uh that's rather telling but you Know the the fact that xrp is being Outperformed by most top 100 coins right This very moment uh makes it less likely That people would even notice this Obvious fact that xrp is going the right Direction it has been literally for Years at this point and I'll prove to You that this is true if you have a set Of human eyeballs or hell even just one Decent eyeball I I I will be able to Prove to you with your own human eye or Eyes that what I'm saying is factually Correct and look xrp charts today as far As I'm concerned should be caused for Optimism not Pessimism and keep in mind most coins Are being outperformed by other coins Most of the time Because most of the time any single coin Is not Rallying especially you know if you're Not in a bull market we are now so you Have certain coins popping off but most Aren't so it's logical to recognize that This truth applies to xrp as well again Most coins are being outperformed by
Other coins most of the Time and so that does apply to xrp as Well but then when it goes then it's Outperformance and it gets its turn That's it that's that's purely it it's Musical chair son we also talk a little Bit about what's going on in the market But before going further I do want to be Clear I do not have a financial Background of any kind I am not offering Financial advice and you definitely Should not buy or sell anything because Of anything I say or right I'm just an Enthusiast who enjoys making YouTube Videos about crypto related topics but Just as a hobby and just for fun at the Time I record this video it is 11:41 P.m. central Time Wednesday um April 3rd I almost said March I got used to it It's April now April 3rd 2024 uh price xrp 56.6 Bitcoin at 65,562 bucks market cap for the S Class Down to 2.49 trillion and the crypto Fear and greed index the lowest we've Seen in a hot minute 70 out of 100 so The Market's still feeling a little Greedy but we are safely outside of Extreme greed now it's not going to stay Like that the trend is still up yes some People are getting uh beaten down and The weakest of hands are already Capitulate already have capitulated and There will be some more perhaps before We see move back to the upside but this
Is not the top of the market that's I Don't believe it is Anyway uh here's a post from onchain Analytics firm santiment uh sharing a Post uh just this evening just a few Hours ago uh just acknowledging the Reality of the situation which is not That big a deal but they wrote The Following bitcoin's dropped to as low as $65,500 Today has continued to drag down most of Crypto along with it in the past 7 days There has been a 3.61% drop in overall Market caps trading volume is down 18.84% compared to the week prior and There you have it further Acknowledgement and this is from a a Fantastic onchain analytics firm they of High repute within the crypto Community Uh broadly speaking and they're simply Acknowledging a cold hard fact the asset Class moves in Tandem and so that's why It really burns my biscuits when I see That the price of xrp is down but it's Because Bitcoin is down along with the Rest of the market and you can tell Which coin people care about most when The entire Market's down but they'll Talk about just why is so and so down Ah That's your Big B got it because on the On the flip side the the good news is The asset class Also Rises together it Moves in tandem it's fantastic and There's 15 years of evidence of this
Roughly here's a post from chart analyst Jelly I like this and I got two posts From them and if you're in a position Where you could reasonably look at your Screen if you're not doing so uh I think It would be uh worth taking and so here You have two charts one on the left one On the right the chart on the left it Shows where Bitcoin was in 2020 and what happened as it brushed up Against the 2017 so the pre then what Was the previous Cycles all alltime high So bitcoin price in 2020 on the left Brushing up against the previous high From 2017 and then on the right you have Where we are at now Bitcoin in 2024 Brushing against the previous all-time High in 2021 and here's what chart analyst jelly Wrote Bitcoin tends to take its time to Fully break through the previous cycle Highs but once it breaks out the moves Are explosive Tick Tock and that is true For those of you looking at the where I'm circling for the previous Market Cycle that didn't happen overnight look At where we're at right now not Happening overnight you once you once You tag that all-time high you're up You're down you're up you're down and That behaviorally is very similar to What we've seen in the past and take a Look at this which is sharing similar Concept here this is another chart from
The same chart analysts and he wrote The Following if this chart should tell you Anything it is to be patient great Things take time Bitcoin breaking Alltime highs is no different and so Back in these eras people of course were Feeling just as Defeated so uh you can look at the uh Previous alltime here alltime High here Back so in 2017 when it tagged up Against the previous Cycles alltime High Uh in 2013 uh once it once it tagged it the uh The pre- breakout consolidation before He has saw a big move to to the upside He saying it's about 57 days once it hit That all-time high in 2017 and the all Time the previous alltime high again was In 2013 took about 57 days to move he's Noting in the next cycle which was in uh 2020 to 2021 he notes that the previous alltime High was of course from 2017 and the Pre- breakout consolidation there was About 21 days so it didn't happen Overnight now here we are in in 2024 Bitcoin did tag that 2021 all-time High and the pre pre- breakout Consolidation of the time he posted this This morning about 29 Days there is nothing different it it Just to be clear it doesn't happen Overnight so you can get feel beat down And who knows even maybe Bitcoin does go
Even lower than what we've seen in Recent days so what that that would be Within historical Norms if it goes back Goes back down a bit lower it doesn't Matter people with the weakest of hands Are capitulating and all I can do is Chuckle because we've seen this movie Before the movie plot is on your this is The script it's on your screen right now We've already seen this what happens Once the breakout goes faces get melted And the asset class to be clear does Move in tandem so even if your favorite Coin whether it's xrp or whatever even If it's not gone yet and we know Historically xrp legs behind all I can Say to you is so what it doesn't Matter Ju different coins pop off at Different Times here's a post from chart analyst Ali Martinez he wrote Bitcoin seems to be Mirroring the nasdaq's price movements Closely to validate this pattern Bitcoin Must swiftly recover above $69,000 okay So on the right you have the NASDAQ 100 That's an index which has uh they're Tech Stocks just monstrous tech companies in Within that particular index the NASDAQ 100 that's it is on the left you see Bitcoin now of course I I'll regularly State as do many within the crypto space And accurately so that crypto as an
Asset class moves in tandem with the Stock market and in particular even if It's not true down to the second the Minute of the day and most of the time You it's not Recognizable the reason that people say That is because in particular for the Biggest of moves there is correlation so The moments where it matters there's Correlation now the reason he's Highlighting the NASDAQ 100 specifically Though is because it's tech stocks and Bitcoin and the crypto asset class moves Even more closely to tech stocks it just Does it just looks like Bitcoin is Lagging behind the NASDAQ 100 a bit it Has been look at how it's playing does This look kind of Samy to you from the Left to the right look at these two Different charts uh I would say yes it's It's not a secret I just don't know that There's that many people that are aware Of this but it is true and so if bit Coin is to continue and I have every Reason to believe that it absolutely is You know and as long as we don't have Some sort of weird Global Black Swan Event or something garbage like that Yeah of course it's going to move to the Upside it just doesn't instantly happen Like snap of a finger it's not how That's how real life Works uh here's a post from chart Analyst credible crypto no change to my
Prior update from yesterday we are still Holding the key region of Support uh that is the most likely zone For a reverse veral back to the upside Meanwhile 60 million in Bitcoin bids Have just appeared below price and down Tour local lows looking good and so he Thinks what's reasonable suppose at this Point is that though not guaranteed is Bitcoin actually does start moving back To the upside we do see that reversal But I'll just tell you even if if that Doesn't happen I will still say to you So what don't don't give a damn in the Big like I am Mr patient I've been Holding crypto over six years doesn't Change anything I'm still a blasty blast This is an exciting time uh we're we're In Bull mode folks so even during Notable pullbacks even if you get one That's over 20% 30% which is Historically is normal oh we just had One recently close to 20% bumping up Against it anyway it doesn't matter We're we already just had one within the Last couple weeks Bitcoin did drop close To 20% and then it went back up to like It was so it was like 60 Grand right Somewhere around there then in short Order back up over $71,000 okay so like so What this is this is a fantastic time to Be in crypto but let's talk about Xrp here's a post from chart analyst
Egreg crypto and this is and I actually Got two analysts that are mentioning the Same concept and I have talked about This on my channel before because I I Should probably say it more frequently Because I don't think enough people are Aware of this but xrp has been trending Up for for close to two years I don't Think most people are aware of this There's focus on all this other stuff But salana went higher and dog with hat You know all that crap I'm was like ah Are you new to crypto stop it you know So here's here's what uh e crypto wrote He said xrp is crashing with five laffy Emojis I don't want to be too critical Here but I think he should had at least Six seven maybe even eight laffy emojis Because obviously xrp is not crashing And that's what he said because but That's the sentiment that's why we're Laughing at right of course it's not Crashing and so here's what GRE crypto Wrote If you cannot the beautiful Ascending Channel I think it means if You cannot see uh uh since May 22 2022 Then I suggest you sell your xrp and get Uh get the blank out of my comment Section and so you can see I mean this Is another one that's worth looking at If you're not driving um and so he says That it's you know that the chart's Going back until May um most analysts That point this out will say that it
Goes back to June of 2022 rather than May of 2022 and we're kind of splitting Hairs here you can see the reason that He said May though he's looking at this Particular level right here he put one Of his circles right here indicating That hey that was May and that was the Beginning part now xrp actually had its Cycle bottom in June of 2022 uh so that's what this green one is So that's why most analysts will say June rather than may but um since it's Going to come up I just thought I'd note The discrepancy and explain it um you Can choose what you prefer I don't care It's the same idea and so you can see That we've just been zigzagging up this Whole time for almost two damn years It's April of 2024 he's saying May of 2022 and even if you say June 202 almost Two Years this chart in and of itself if you Have no addition if you if you were in The past and you had no additional Information back then about when we'd Have a bull market but you you could see Just this chart would you say that this Is encouraging or Discouraging well if you got half a Brain you say that looks pretty good It's been trended up for two years after This moment in time all the way into 2024 wow things must be starting to get A little hot now of course when you put
This in the context of salana and dog With hat okay yeah other coins are going To pop off and if you have an illiquid Low low market cap meme coin that starts Going yes of course you can get crazy Multiples out of that but that's a whole Different risk profile which I Personally am not interested in I know Some of you listening dabble in that Stuff that's fine some of you hopefully Not hope hope not too many of you are Going full djen on that stuff um you Know in only meme coins right only dog With hat are there any dog with with hat Maximalists out there I I hope that zero Of those humans exist like you put your Life savings in the dog with that okay I'm GNA assume that there's no there's Not a real person that has actually done That but if you just look at this chart In a vacuum which is reasonable to do Because again it's just a matter of fact That different coins pop off at Different times it looks Good straight up it like facts be facts Son take a look at this from chart Analyst dark Defender he says a number Of things here but um he Echoes that Sentiment about trending up for almost Two years here so here's here's what he Had to Say I've looked at the monthly time Frame since March has closed and we have A new candle for April we previously
Shared three levels which are still in Play without changing xrp xrp plays Pingpong in between the following 63.4 6 Cents and 57. 31 And closed below 63 cents in March which Led us to revisit 57.3 1 the last Fibonacci point is 53.81 can the last level be touched yes Since it's the final defense point after 57.3 1 I don't see any action under 53.81 Cent so he's warning here you Could at least see a wick down to 53 for Xrp now now if Bitcoin starts crashing Even more than I me personally like not And I'm not a chart analyst but I would Just say the lower Bitcoin goes the Lower xrp and everything else will go But in terms of what he's seen in the Charts he's just saying here's what he Thinks is probable h i mean if it gets Bad you you know might touch 53 cents But of course if that's happening do you Think that xrp is doing that by itself I Would guess No typically that's not going to be the Case especially in an environment like This one then he says the has been up Since June 2022 golf clap right there for Recognizing that yes it's the same thing That egreg crypto was saying and I've I've noted this a number of times in the Past I might want to hammer that point You know out a bit more in future videos
I guess because it matters and the Sentiment is garbage you know for for no Damn good reason so far as I'm concerned Out therein the exerp community and I I'll say again I don't think it's most Xrp holders that have a negative Sentiment it's just that the ones that Feel that way very noisy so they it Makes it seem if you're on social media As though that's everyone in the Community cuz the ones that are happy They're just like they're more they're More likely to be silent you know so There you are just overwhelms the Conversation anyway so he says the trend Has been up since June 2022 when we divide them into smaller Chunks the target appear targets appear As 97.72 and $150. 48 and uh and uh wave three and and $231 just around it with wave five none Of the above changes the $188 and $585 Cent targets but it does give an Understanding of different wave Structures and so he's basically just Noting there yeah if you're talking About a higher time frame nothing has Changed I haven't found a single analyst That I've been and I F lots of analysts I haven't found a single analyst that Based on this this short-term price Action over the last few weeks has
Changed their Perspective a big picture in terms of What's going to unfold this Market cycle I've seen zero changes to the ne oh well I guess it is all over no not one and You shouldn't because that wouldn't make Sense if any analyst said that I i' Shar It on my channel because I like to share Diverse viewpoints and you know let let People you know say what they believe Cool worth having the discussion but if Any analyst said that I'd be skeptical Of them because that is not what is most Probable at this particular point in Time So you know it it was one thing to Question things before Bitcoin hit a new Alltime high but once look at what's Developed since then there's just as far As I'm concerned there's just far too Much evidence to the positive here that That's that's my Opinion nobody actually knows for sure But I personally would be skeptical if If at this moment an analyst flipped Bearish and I haven't seen seen it so I Mean some anology could go lower in the Short term but even the ones that say Well you could see $50,000 Bitcoin I Don't think it's going to happen you Could see it even the ones that say that And I have seen a couple of those they Still say but even if that happens the You know on a macro scale we're still in
Bull mode it doesn't change doesn't Change anything so no I I personally am Not the least bit worried about this I'm Excited still why would you not be Excited I'm not a financial adviser you Should not buy sell anything because of Anything I say or right that would be a Very very very bad idea until next time To the Moon Lambo
