Hello this is Matt on the moon family Sedan channel the price of xrp is down Another 3.45 percent over the past 25 hours but This isn't something unique to xrp Broader crypto markets have just been Dropping and this is something that many Analysts that I follow uh were Anticipating was probable to happen as I Was reporting leading up to this event And so while I'm not a chart analyst Because I there are a few things that Bore me more than that you know I'm a Glad there are people out there that Really really enjoy digging into the Technical analysis and isn't super duper Um but even though I think it's about as Interesting as watching paint dry I do Genuinely appreciate their efforts and In sharing their perspective on what the Most probable outcomes are because I do Think that can help people temper Expectations Not that they're Wizards and they don't Crystal balls I got that but still I Think that there is actually something To it so yes price xrp is down like I Said against a larger drop for broader Crypto markets but the question is then How low are things actually going to go And that's part of what I want to talk About here Regardless of what ultimately happens Though I continue to just not have
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Emotions emotions are stupid so I just Don't have them it just it does not Impact me one tiny little bit seeing the Price of xrp go down and it is my Favorite cryptocurrency it is my largest Crypto holding on an individual level by A lot and I just I've been doing this Over half a decade it just doesn't phase Me in the least bit and I'm sure many of You Um you know you're probably similar at This point if you've been in crypto for A while now if you're new maybe you're Not feeling that way and there are some Newer people jumping in right now but Before going further I do and be clear I Do not have a financial background of Any kind I am not offering Financial Advice you know definitely should not Buy or sell anything because of anything I share right I'm just an Enthusiast who Enjoys making YouTube videos about Crypto related topics but just as a Hobby and just for fun as I record this Video oh by the way casing with anyone's Curious what the hell time is 518 18 a.m That Central Standard Time because I Live in the midwest here in the United States uh Saturday April 22nd Um in xrp's 45 cents 24-hour low of 44 Cents so pretty close to it uh you've Got Bitcoin here at 27 328 with a 24-hour low of 27 249 Um you've got the market half of the
Hassle class 1.17 trillion in Bitcoin Dominance at 44.82 percent uh crypto Fear and green decks 53 out of 100 so People are out of green now which isn't Terribly surprising people just kind of Feel in neutral so not fearful at this Point but things may drop a little bit Further and again before this all Happened I was highlighting that a Number of analysts were noting uh this Is probable nothing goes up in a Straight line forever but still it just Doesn't freaking matter in the end in Fact look about uh look at this new Tweet from chart animals credible crypto He shared this with his 340 000 Followers all up on the twitters he said If you're mad micro thesis on bitcoin Has changed because of a two thousand Dollar pullback after a ten thousand Dollar plus vertical Rally from nineteen Thousand dollars to thirty thousand Dollars plus you're doing it wrong I covered this in my latest on my last Video made over a week ago nothing has Changed pullbacks on the way up are Normal and healthy Bitcoin in a date that actually shared His perspective at the time as we were Over thirty thousand dollars this Shouldn't have caught anybody off guard If you're paying attention it's not that We knew for sure this is going to happen But in terms of likelihood yes
Absolutely not a big deal here's a Separate tweet from credible crypto he Wrote in part retests of key levels are Common in crypto the last major retest We had was at nineteen thousand dollars Before our rally to thirty thousand Dollars plus a retest of 25 000 here would be logical and healthy Of course there's always that one little Wild card thing that uh it is xrp Specific uh when we gonna get that legal Clarity from Judge Torres in the secv Ripple case when we're gonna get that Positive news that's coming right uh Because if that happens you know even if It's a day where everything's in the red I think people are gonna be pretty damn Excited and I would still expect no Matter when that news breaks as long as It's actually positive news that xrp is Still going to rock it and I don't Pretend to know when that's going to Happen but uh It's inevitable at some point we're Going to have uh that news breaker is Going to wake one day and Bam there It'll be Um here is this tweet from my fellow xrp YouTuber the blockchain backer he wrote We spent weeks talking about twenty Seven thousand dollar Bitcoin and 44 to 46 Cent xrp They reach at the exact same time with High volume now looking to see if buyers
Step in here to give an ending to this Initial lag now and so indeed the Blockchain backer is another analyst out There who called this so that this is What is most probable called The Rise Called the pause called the drop and and He has shared some perspective of you Know in terms of he's been sharing some Charts in recent videos indicating where Perhaps xrp might go and just in looking At the charts it's it's clear that it's Not outside the wrong possibility to see You know xrp back in the 30-something Cent range but Um if it happens it does I just I just I Don't think it's going to matter because My investment thesis since you know over Half a decade ago is that either xrp Goes to zero or at some unknown points In the future it hits a new all-time High it's for me a binary bet one of Those things is going to happen I don't Know when but it's going to happen and I'm going to have exposure to xrp when That happens and you know what my bet is We move into the upside at some point in The future then there's also Who writes for coin Telegraph and I'm Just going to share one sentence here Because Um conceptually it seems like he's Thinking kind of in line with the Blockchain backer frankly uh Rakesh Uber Day wrote The Following it looks like
The pair somewhat xrp here it looks like The pair May trade inside a large range Between 56 cents and 30 cents for a While longer so we may have to wait and Maybe that is what it's going to look Like but price price doesn't say Stagnant forever just you know the Crypto's so damn volatile that that may Feel like a gigantic move and compared To you know Legacy Finance if you're Looking like for instance equities these Percentage you know it gains and losses Absolutely wild but for crypto frankly This is pretty normal and so this this Type of behavior knowing that it's Normal we have 14 years worth of history Since the beginning of Bitcoin uh it's Not logic I know people who get fearful When the price goes down I just don't Think it's logical to we should under it To feel that way we know that that Happens it would be weird if it stopped Happening that's all I'm saying Um and also there was um uh yeah here's Here's the headline check this out now This is kind of interesting Um there's article from the daily Hudl Titled crypto analytics platform Sentiment issues warning says one Bitcoin metric flashing a concerning Signal and what I I just want to cover a Portion of this this article is Interesting but it has to do with the Human feel feels because it it's always
Going to be humans that decide the price Of any asset you know in an open market And when it comes to uh what's going on Right here it's just interesting that uh Human behavior isn't always so rational And I've said many times before and I'm Sure if you've been in crypto a while You know this but whatever the crowd in A general sense thinks is most probable To happen frequently is not what Actually happens and I mean I'm a big Fan of sentiment so I was interested to Deal their perspective but a piece reads This file sentiment is also tracking Social media trends which can provide Useful data some some Traders use to try And predict bitcoin's price action and So sentiment said quote Looking at Social data first we're Seeing a trend that you'll like to see If you're a crypto bull over the past Five weeks Traders have gradually become Less and less optimistic toward the top Assets in crypto We have back tested years of data and Have found that prices historically move In the direction of the crowd's least Expectations When Traders are showing more and more Doubt it increases the probability of Continued price Rises end quote and I Know that would sound counter-intuitive Perhaps especially if you're new to the Concept
But it's the case whatever just like When Bitcoin hit its all-time high in 2021 close to seventy thousand dollars What was everybody screaming oh it's Going to go to a hundred thousand Dollars it's going to go to 200 000 Except no except absolutely not and then When Bitcoin hit its uh it's it's low in November after the FTX collapse of Whatever it was something like 15 500 Somewhere around there anyway what were People screaming The sage wisdom at that point was oh We're going to be seeing twelve thousand Dollar Bitcoin in no time oh yeah but But we didn't we saw a reversal to the Upside and it's the same thing we solve For the market cycle before that when When Bitcoin hit it's it's all time or Not Ultimo it's cycle low in December it Was December 15th of 2018 it was Somewhere around the neighborhood of Like 3 200 bucks I think and people were Streaming oh it's going to 2 000. it's Going to one thousand dollars that was That was you know that's what the Wizards of smart were saying you know I'd say that sarcastically the you know Typical retail limiting speculators out There But it's just again It's just it's just like it's the same Damn human behavior and tendencies over And over and over again and you can
Count on people to be just continue to Be complete Nutter idiots and you know That's part of my investing strategy I'm I'm counting on the useful idiots there To do their useful idiot thing and then I just sit back doing nothing and then At some point when because of their Irrational Behavior they result in such Volatility that you know as more Especially as more people jump into Crypto demand increases that results in My crypto being worth way more then I Will sell but I'm going to be jumping in The mosh pit with all these damn I mean Retail idiots like I'm just they're Useful idiots but they're idiots I'm not Going to do that Peace continues however sentiment says Discussions on social media platforms Are declining overall so check out this Too Quote right now we can see that there is A declining amount of both bullish and Bearish candles from the crowd in fact There are less participants engaging in Discussion on Twitter Discord Telegram And Reddit compared to the beginning of The year this decline simply means the Crowd doesn't know what to think Generally declining crowd interest even As prices rise usually means there is Some disbelief going on now that's Interesting though I'm sure just about Everybody listening has seen what I just
Pulled up on my screen through a quick Google search here it's the Wall Street Cheat sheet psychology of a market cycle We've all seen this umpteen million Times right but I pulled up just to Remind you Disbelief is what happens before there Actually is a a Revival and then hope Comes back this is the that's the last Part so you can see already turning over And we have been this year haven't we We've been training upwards dramatically This year And now there's a little pullback and People like ah this is a sucker's route This is this is the disbelief so so then What happens after again However long it takes you know and I'm Not like I'm predicting if we get an All-time high in this year at some point You know uh you know next year or Whatever and I don't make price Predictions and as far as the timing I Don't pretend to know but whether it Happens this year or next year or Whatever it happens if you just look at The structure you can kind of see just Even as a layperson even if you're not Into technical analysis just like I'm Not you can you can spot this type of Behavior because it's human behavior That and it causes these emotions you Can see where we are right Even if you don't you know get into the
Nitty gritty and understand uh if things Like to the level for instance the Blockchain backer but still this is a Pretty basic concept that anybody with Half a brain can can understand and Observe for themselves so All they have to say when it comes to Xrp this is an exciting time to be an Xrp holder because xrp really is about To be the only large cap cryptocurrency With current with uh with legal Clarity For better or worse and I think it's Going to be for better we'll see what Happens but I am rather optimistic at This particular point in time so even Though it's it's plausible that in the Coming days we may see a Bitcoin drop Further perhaps to 25 or 26 000 that Would cause obviously the rest of the Crypto markets to you know shake a Little bit uh I don't care it won't Matter however long this takes and we're Gonna get through it and there will be a Moment where at some point the useful Idiots out there will be in extreme Greed that mark my words that's going to Happen at some unknown point in the Future I'm not a financial advisor you Should not buy or sell anything because Of anything I say or right that would be A very very very bad idea until next Time to the Moon family sedan
