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Hello this is Matt on the moon Lambo Channel xrp price is running right now And the Run started last night around 4:20 p.m. central Time which happens to Be my time zone at the time I'm Recording this it is 7:49 a.m. Central Time Saturday March 2nd 2024 so it's Been running for a minute uh currently 64.2 cents with the 24-hour High 64.9 actually less than a tenth of a Penny away from 65 cents now what's Fascinating is that in recent days There's been a ton of analysts calling For just this noting that these are the Right market conditions for ex xrb to Start running if it's going to run um There's been all sorts of perspective I've been highlighting it on my channel It was a basically a broad consensus From pretty much every xrp chart analyst That I follow saying uh not a guarantee But you know knock on wood this would be The time for it to happen if it's going To go so we'll see if there's going to Be continuation to the upside no Guarantee and of course of course um if Bitcoin sneezes just you know start Everything from scratch 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 right I'm just an
Enthusiast who enjoys making YouTube Videos about crypto related topics but Just as a hobby and just for fun I will Also note Bitcoin as I record this is 61,69 bucks market cap for the asset Class 2.34 trillion doar and uh here we have The crypto fear and green index at 80 Out of 100 so it's nice to see the Market participants out there in extreme Greed and it's nice that we've seen a String of days lately in a row that are Not just in greed but Extreme greed and I' had been noting up until the point Where towards the end of February uh you Know Bitcoin went on the incredible Rally that it went on uh resulting in You know a monthly candle of $20,000 the Greatest in history right up until the Moment that happened those last couple Days or so in February I noted we'd only Seen you know a handful of extreme greed Days and a bit spotty here and there the First one we had at some point in I Think the first half of January uh not Exactly what you'd expect to see during The blowoff top uh now the fact that we Are seeing a string of these extreme Greed days in a row that's not exactly Alarming um if you look back to what Happened last Market cycle you'll see That there were it was just like endless Days of extreme greed so extreme grade Actually can be sustained for a rather
Long period of time it was just peculiar That if that were going to be the top Why haven't we seen that and that's just Of course one metric to consider but is What it is so first let's quickly talk About what might be happening with Bitcoin here uh here you see uh Matthew Highland chart analyst says Bitcoin Holds $60,000 for longer equals bullish And he's been saying this consistant for Some time uh he shared that same Perspective on February 29th and then he Shared it again last night at 10:5 p.m. Uh 10:55 p.m. uh central time uh he just Thinks if it's going to hold here at Some point if it doesn't break it's Going to go and I I will tell you it Doesn't take a chart analyst to realize That the fact that Bitcoin even to this Point has been holding as high as it has After such a massive run is absolutely Incredible and maybe it does breakdown But uh I'm starting to see more Confidence from analysts that that's Actually not what's most likely uh Here's a post from another popular chart Analyst Dave the wave with 146,000 Followers on X he shared this bitcoin Price chart and he wrote technically You'd expect some consolidation but is Bitcoin achieving escape velocity it's Kind of weird seems to be like a lot of Institutional money flowing in but he Notes that we you know for those you
Looking at the screen you can see what He's highlighting here there have been a Couple instances in the past looking Quite similar and the degree to which um It's taking off looks very samsy to him So you know it's he's not saying it's 100% chance or or even a 90% chance but He's kind of curious and I keep seeing More leaning in that direction from from Chart analyst which is why I wanted to Highlight this I just under any other Circumstances you'd see a massive run Like this in pretty much any coin you'd Be like well there's got to be a Correction now right uh we'll see here CH and's credible crypto actually Doesn't think so at this particular Point he shared this bitcoin price chart And he wrote The Following and by the Way he has such an incredibly High hit Rate when he speaks I am going to listen He says Bitcoin looks ready for the next Leg funding normalized while alts Funding is insane at the moment at over 100% APR on most as long as green holds And he's referencing the green part of His chart here for those who not looking Uh it's it's a range of Al just call Roughly what 61,000 to 61,63 he says as Long as as green holds that range I Think we send it longed some more bit Corns think it's time to make way for King Bitcoin again so he thinks it's Time for the next leg up and he's got an
Arrow shooting closer to like you know $65,000 range and he does believe that In very short order a good chance in Fact before the having occurs which Would be April 20th so you know less Than two months bitcoin's going to hit a New all-time high now of course in the Short term if this happen some analysts Think that you could see a bit of a Pullback for alts and uh it'd be funny If you know xrp finally starts to run And then Bitcoin goes up and ALT tank Including xrp and then we have to go Back into despair I I don't want to hear People bitching about price anymore damn Um and then uh also somebody asked Somebody named Christian asked credible Crypto hi CR why do you hold mostly Bitcoin knowing alts would give you more Is it a more conservative strategy Because your large Capital you have to Protect incredible crypto had a pretty Simplistic answer he said Bitcoin leads Alts follow plan is to rotate all my Bitcoin into alts at some point above New all-time highs and you know what That's probably going to result in him Making a ton more money than he Otherwise would if he didn't rotate his Bitcoin into alts um and I recognize That I'm still not going to do it I set A rule for for myself when I jumped in And I'm sticking to it when I make Profits that are sufficiently large to
Me no matter what coin they come from They stay out for that market cycle they Do not get put back in you know once we Seen see a major move to the downside Say there's you know we're back in the Bare Market Market's down 80% again okay Maybe I'll put like 10% of the backend But of the earnings but the rest of it It's going into preservation mode that's My deal preservation is something that Is important to me it's not just Achieving these the life changing wealth It's about preserving it and so even Though I do believe that uh I'd probably Make a whole lot more money if I didn't Do that it's about what level of risk am I willing to take on and everyone's risk Profile is going to be different so I'll Be willing to put a smaller percentage In once I'm confident that we're in bare Market territory which isn't going to be Happening any anytime soon in all Likelihood uh other than that the only Money I'll be putting in is new money That I'm earning but other other than That it's it's the rest of it it's going To be invested it's going to be put to Work and I'm going to be set that's it Period so I'm strict about that but I do Acknowledge that for people and probably A lot of you listening are going going To do the same thing yeah it probably is A good idea and if you're if you're Willing to take on that risk but if
You're not willing if you're like me and You're not willing to take on that risk That's the way I look at it anyway uh And so when I started seeing a xrp Running and this is actually just a uh a Couple hours ago 5:44 a.m. Central I Posted xrp at 6 4 if you ask me what price I want for Xrp it's whatever price makes the Emotional holders stop publicly bitching And freaking out because lately the Sentiment I I was saying even within the Last couple weeks in particular before We really started to move up a bit uh This is the worst sentiment I've seen in The xrp community in years and again I Don't think that it's most xrp holders I Just think it's a smaller percentage but They're very noisy I really that's the Impression I get I mean if everybody Were that negative about I just don't Think that xrp would be number six in Market cap I think it would be out of The top 10 so I I don't think it's most People but yes it's very noticeable it's Still the worst sentiment I've seen in Years but I noticed that on days like This especially actually we've been on a Little bit of a trend over the last week I mean hell uh over the last seven days Up 177% over the last 20 24 hours up About 8% so I've noticed there's been a Lot less bitching which has been nice to See a lot less bitching in my feed on X
Which I rather enjoy look it's just a Matter of time xrp is a cryptocurrency It moves in tenum with the rest of the Crypto asset Class it has been around for over a Freaking decade in the top 10 Consistently There's real people using It they real business taking advantage Of it using it on a regular Basis unless you think that the entire Asset class isn't going to run what the Hell is the actual worry about xrp of Course it's going to run why would it Not run that makes no sense and if I'm Wrong f it goes here I always say that I It's not that I have 100% conviction but I do have very strong conviction about This if xrp didn't make sense it Wouldn't be where it where it is now Especially after the SEC attack wouldn't Be in the top 10 after over a decade There's tons of people probably millions Of people that that that believe the Same that it does make Sense so it's going to look obvious in Hindsight but like I've been saying at Some point xrp is going to have its Moment where it just breaks to the Upside and it's not going to happen all In one go maybe once we see the you know The biggest part of the next leg up Maybe it is finally going to push up Above a buck maybe it is I'm not making A price prediction but then it'll level
Off maybe come down a little bit but but We've seen that historically that Happened last Market cycle and the Market cycle before that it had a big Move up then it stayed sideways for a Long time in the case of 2017 it stayed Sideways for about half a year and then It melted faces to the upside in the Case of uh what happened in the pre the Last very last Market cycle 2020 it Moved up from about 20 something cents To in very short order matter of weeks To over 80 cents hadn't seen that in Basically forever went back down the SEC Nonsense happened but then you know About what four or five months later It's hitting it ties for the cycle so we Have seen that before it it'll just be Exciting to finally see the major move Up and it's just Again I just I just think people make Make this too complex if the asset class Goes xrp is going with it that just I Couldn't feel more confident about that If I'm wrong I'm wrong but just being a Regular dude look at just feed me data Like I've been looking at data for over Six years that's what makes sense and we Are at this point where it's make or Break so many analysts have been saying This in fact here's a post from uh February 29th from chart analyst cryptos I actually shared this on on on the 29th He said xrp are you ready two
Significant trend lines six years xrp Noting that you know if it's going to Break out this this would be the time And he's not the only one that was Saying stuff like it in fact uh here's a Post from February 27th from chart Analyst JD he said xrp will the six-year Trend line finally break out of the Non-log scale after six years of those Who know what they hold with 1 x gain Will finally make life-changing gains And and so again that was the 27th and I Shared that at the time too so the Question was was it going to start Moving to the upside well at least at The moment I'm recording this the answer So far anyway is yes now you people are In the future you have more data than me You know if it went back down or if it Was it's worth way more than what it is At the time that I'm recording this and It's now exactly 8:00 a.m. uh central Time Saturday morning here uh but he Provided this update this is JD and uh This was just last night this is so Shortly after xrp started going which Was again at about 4:20 p.m. central Time my time zone um 4:20 p.m. and so This was he posted at 7:21 p.m. and it Was already starting to move and he said Gasp a breakout after six years is this For real if so this will be massive and This is what he was looking for and Again just a couple quick examples to
Show you there are tons of analist that Have been looking at this and saying This thing looks like it's about to go And especially what have we been talking About when you have sentiment in the Absolute gutter which is from my just my Subjective opinion is what we've had Until very recently uh you also have the Xrp BTC pair it looks like it's just Horrendous it's like the lowest it's Been in years and I look at that and Like the people that don't understand They're like oh they get scared about And then the the sentiments in tandem With that and I'm like oh yeah I'm like Rubbing my hands together can you hear Rubbing them together all excited that Xrp BTC looks like absolute garbage Because I know uh the three previous Times that that occurred xrp rocketed Because eventually that discrepancy is Known xrp's too worth too far too less Compared to bitcoin people in the market Markets know that and then another Person notices and another and then People start copying each other and Before you know it humans are doing Humans doing or do they they fomo in and They Speculate humans will speculate on Pretty much anything so if they're going To speculate on bitcoin and eth or pick Any other coin you better believe it's Going to happen xrp to because it is
Also a cryptocurrency in the Cryptocurrency asset class and if you Really think that it's other stuff that Primarily drives I won't say it doesn't Matter like the developer activity the Other metrics sure it's great or else Xrp wouldn't consistently be in the top 10 but now that we know we have that and The asset class is moving duh it just Seems obvious to me here's a post from Uh the blockchain backer yesterday Afternoon he said seems like a good Location for some magical unicorn fairy Dust xrp news and so it would be Interesting if some sort of news Correlated with the move to the upside But typically even if it's not major News there will be something and then Xrp will be going and then whatever is Happening happens to be occurring in the Moment that will be allegedly the reason That's what crypto media will say will Be the reason that always happens I'd be Shocked if it didn't happen this time I Mean the if xrp goes and there's not a Narrative what really that that would be Kind of rare usually when xrp's making a Big move there's a reason whether it's To the upside or the Downside um so we'll see uh there's also This post from the blockchain backer and He shared this is a this chart is a Crypto total market cap excluding top 10 Coins by market cap
And uh so you can see that's what this Chart is at the bottom here the the top Is just like I believe that's just a wof Accumulation pattern just a standard one And he's comparing that obviously to the Top 10 I'm sorry the crypto market cap Excluding the top 10 coins and he wrote So many videos and live streams made on This the crowd never changes it's always That it will never return but the Despair always Fades and the hold hands And S Kumbaya phase always returns And he's right there and again it's true For xrp also because xrp is a Cryptocurrency in the cryptocurrency Asset class to think that it wouldn't Apply is completely absurd to me the Only reason we didn't see an all-time High for xrp last Market cycle I believe Is because of the SEC attack that's the Only logical reason because xrp is the Only coin in the top 10 that didn't and And that's just a we we're to believe That's a coincidence or that xrp if There was something functionally wrong With xrp and it didn't hit alltime High Last Market cycle do you really believe If there were there's some reason other Than the SEC do you really think xrp Would still be in the top 10 coins by Market cap because I don't I think xrp Would have gotten the hell out of there And I would have had to do a lot of uh Reevaluation in terms of how I'm
Approaching crypto right at least at Least for xrp right that would that Would be a genuine Issue but he's right here like this is Just it and if you look structurally I Mean yeah it looks like the chart above In terms of that accumulation pattern And and uh which is interesting because Um in his video yesterday I'm sure a lot Of you caught it he mentioned um a Number of things but let me share with You this post that he wrote about it why Do we want to see the breath open in the Stock Market and then he has a little arrow Pointing to the answer which is every Bitcoin Bull Run has required it it's an Exciting time market cap sit at the same Spots as before crypto broke out in 2020 But there are some differences cheer for Expansion you may be surprised and um You know the blockchain backer says that The Russell 2000 which is a bunch of Small caps it's um it's an index and Then there are also ETFs that track that Index um so you can you can invest Directly in that of course he says the Russell 200000 is right now and this is What's exciting it's in yoff Accumulation right this very second and So you know so he notes that you know There is not expansion in the stock Market despite the you know the Dow Jones and the S&P 500 hitting new
All-time highs and given that Bitcoin Has never gone on you know to run to new All-time highs without expansion in the Stock market uh you know either Expansion will occur or if Bitcoin runs To a new all-time high uh and you know We have alt season then this will be the First time that the phrase this time is Different is true regarding the set of Facts which would be pretty amazing So And I've been I was talking about this Back in January too maybe even December But I was noting that you know uh small Caps they're you know they're they're Lagging behind you know the Russell 2000 Specifically I was talking about and so It's interesting to see the Dow Jones And S you know S&P 500 hitting those Those new highs in January good to see That except for it's just a handful of Stocks so that's not really true Expansion that's outside of what had Been um a part of every single previous Bitcoin bull run where Bitcoin ran to New alltime High that's why it's Important so that's why the blockchain Backer bringing this up and I stated This um back then too like these are Legitimate points to bring up the Blockchain backer is 100% in the right To be bringing this up and sounding the Alarm saying hey this is something at Least to pay attention to whether or not Bitcoin does hit a new alltime high uh
Be aware of this is this is outside of The norm but the positive news he's Stating here is that those smaller Stocks entering yoff accumulation so This is the thing and I I I I was Talking about this literally in January Um not about the yof accumulation he he Pointed that out I'm not a CH guy so That's not what I was looking at but I Was looking for toric precent and I I Cited um one or two examples uh where The S&P 500 and DOW Jones taking off to New alltime highs uh but then you know The Russell 2000 legs behind and then One example I just happen to have Memorized it was like I think 10 months Later and then it started running to the Upside dramatically and so it can be the Case there's actually historic precedent For it to to lag behind so the fact that We haven't seen expansion while Absolutely a legitimate concern concern For the blockchain backer to bring up The good news is and it's it seems to me That's kind of what he's getting at here And I this is something I happen to have Been talking about in January is there There is a chance that it catches up and Then everything would look you know more Or less kind of like what we had seen in Previous Cycles right my words not his Of course that's what it looks like to Me this is the opportunity at hand here And
So like I'll just tell you this I'll Feel a lot better once Bitcoin hits a New alltime high I I will feel a lot More comfortable because when that Happens my conviction that xrp is going To follow will be through the roof and The only thing that would um kind of Spoil that is if there's some sort of Black Swan event that causes you know Markets globally to basically collapse Outside of that and then I wouldn't Blame xrp for not hitting new alltime High but that's the only thing I can Think of but if there's not a Black Swan Events and and Bitcoin hits a new Alltime high and other alts are going Then I will be shocked if xrp doesn't Hit a new all-time high in Enterprise Discovery now if it doesn't and fine of Course I admit that's possible then uh We're going to have to have a serious Talk in the community about what are we What are we missing here at this point But to me it just doesn't make any damn Sense because again if the market didn't Like it it wouldn't be priced so high it Wouldn't be number six in market cap it Doesn't make sense for that to happen um So I I'm I'm just nothing but optimistic At this point this is exciting I mean I Mean xrp running as high as it is it's a Little bit down now uh 63.7 cents as I'm Wrapping up this video but you markets Move fast again you're future people you
Know where this thing is because you're A little bit further ahead in in time Than me but even if it goes back down And even if it goes back down because Bitcoin starts running okay or or maybe Maybe the analysts that think bitcoin's About to go into the next leg up maybe They're wrong and it does take a dump to The downside and we see a corrective Move even if that happens okay but we See those even in Bull markets we saw Like six or seven of them throughout 2017 which was like the biggest rally in History to that point you know with Bitcoin going from like a th000 to 20,000 um xrp going from half a penny to Almost four bucks you Know major pullbacks during that time Period so that's not something that's Going to uh be particularly scary to me U it's just everything moving to the Upside just not literally um like I just Said you know Russell 2000's kind of Moving side but there are all sorts of Markets that are just it's just all Happening and there's tremendous Correlation it's just the Confluence of All this is kind of astonishing So we'll see what H what's happening but Xrp's been running since yesterday not Of course not up in a straight line here But we could see some major bursts Coming up so uh we'll keep talking about It I'll go Ahad and wrap up here though
I'm not a financial adviser you should Not buy yourself anything because of Anything I say all right that would be a Very very very bad idea until next time To the Moon Lambo
