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Hello this is Matt on the moon Lambo Channel a popular chart analyst says the Xrp show begins as volume is being Squeezed and also shares some Interesting data having to do with uh Xrp dominance in terms of the market uh At this point obviously Bitcoin is uh Dominating by quite a bit it's over half Of the entire crypto market cap $1 Trillion doll it just broke that and a Lot of excitement within the last say oh I don't know 15 hours or so as Bitcoin Uh quickly I mean well when it got to $50,000 again after being down after the CPI numbers from the other day when it Got back to $50,000 I kid you not in in like maybe a Little over 10 minutes it went from $50,000 to $51,000 so things can happen Fast in crypto and uh it briefly topped Out a little over $52,000 and it's a Little shy of that level at the time I'm Recording this xrp not exactly being a Slump at this point in time uh at 53 3.9 Cents as I record this and it was Briefly over 54 cents ah yes xrp show Begins indeed so I want to share with You perspective and some thoughts on What's going on here from a few analysts 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 and uh Market cap for the asset class very Close to 2 trilli it's at $1.96 Trillion absolutely astonishing and Before getting into a couple very xrp Specific things and I do have a few of Those for you in this video um let's Talk about the backdrop of what's been Happening here and what people are say Saying there's this perspective from a Chart analyst for Kesh up who writes for Coin Telegraph he says bitcoin's market Capitalization reached 1 trillion on February 14th booed by the strong demand From the newly launched spot Bitcoin Exchange traded funds data shows the ETFs recorded more than $600 million in Inflows on February 13th alone Bitcoin ETFs bought 10 times more Bitcoin than What miners produced on February 12th Pomp Investments founder Anthony Pompano Said in an interview with CNBC that Roughly $200 billion doll in Bitcoin is Tradable as 80% of the total supply has Been dormant pomp added that the Bitcoin ETFs have devoured 5% of bitcoin's Entire tradable Supply within 30 days of Their launch okay couple quick things Here and I don't want to talk too much About Bitcoin ETFs in this video uh but
It's very clear that the Bitcoin ETFs Were not a buy the news event uh it was Briefly I mean it moved kind of sideways Right after the news broke but um it Seems to have been you know for some Period of time more of like a a buy a Sell the news event and the Market's Rebounded but I don't think that it's Because of the ETFs because the ETFs Despite this fantastic news and this is Just data they're sharing with you it is True that is good uh that that was not Sufficient volume to drive the market to The degree that it has been driven back Upward so it's nice to have it it's Great I just don't buy the narrative I'm Still of the mindset that Um these these investment vehicles for Bitcoin these ETFs they are of material Importance over a prolonged period of Time but in the short term uh yeah great To have it but it's nothing more than a Nar now I shouldn't say nothing more it It matters it's just people are making Too much of it and since I don't want to Focus on this too much in this video Because it go too far off the rails and I want to talk about xrp specifically I'll just note that I am going to talk About this more in the future because There are some narratives that if people Believe them it can just throw you off The Rails and yes specifically for xrp
Holders because it could lead you to Believe various things will happen so I Do want to talk about it more in a Separate video but I'll leave it live For now anyway peace continues the sharp Rally in Bitcoin sent the crypto fear And greed index score to 79 on February 13th showing extreme greed and the next Sentence is false but I'll read it the Last time the index entered the extreme Greed Zone was in mid November 2021 when Bitcoin reached the all-time high of $69,000 folks that's literally not true I highlighted it when it happened in January that was the first time uh since November of 2021 and it finally did Happen again yesterday um now I don't Have an update for you on whether or not It's going to hit it when the next Update happens because it updates once Every 24 hours and it hasn't yet it is Uh 6:12 p.m. central Time um because That's my time zone on Wednesday February 14th 2024 and what a romantic Day it is for a bull market it's so much Romance in the air and then they write Uh during strong bull phases the Sentiment May remain in the extreme Greed zone for an extended period but The higher the price goes the greater The risk of Correction yes and that is The thing to watch for Even even being an extreme green we're Going to see more of that in the short
Term I think I'm telling you right now Eventually the market will be in extreme Fear again I don't pretend to know when It's going to happen though and when we Were in extreme fear in November of 2022 I told you I don't know when we'll be an Extreme greed again but we will be in Extreme greed again and and it happened In January of this year and now it Happened again yesterday and you're Going to be seeing more of that I just I Just don't believe that the Market's in Euphoria yet because when the markets in Euphoria different things happened first Of all you get way more Google searches For Bitcoin and crypto you get the laser Eyes and the diamond hands you get Celebrities talking about this stuff and You get a way higher score into extreme Greed on the crypto fear and greed index So I'd say there's tons of excitement in Crypto right now but is it what we saw During the top of the last Market cycle It doesn't look to me like the answer is Yes now leave the chart analyst to say Their opinions on on what's actually Going to happen I'm not a chy I don't Want to be a Char guy it be bores me to Tears I just I'm interested like you in Following the stuff I'm just noting and It's my personal opinion it just doesn't Look to me like this is the type of Human behavior in terms of euphoria that
We saw last Market cycle but yes there Is a lot of excitement with people Watching like second after second minute By minute what's happening with Bitcoin Price but you know what I say have fun With that because most of what it is to Be investing in crypto it's sideways and Downward price action that's what it Feels like at a minimum right so when The good stuff happens yeah go nuts with It pay too much attention you deserve it Because most of the time we don't get That yes have fun with it it again to me Just because we're doing that I just I Don't see like the blowoff top Euphoria That's all I'm Saying um now here's a post from xrp Chart analyst dark Defender and he Shared this chart this is a volume of Xrp in billions billions of dollars Going back to 2018 and um he notes the following and This is this is so fascinating to see Because I don't normally see it broken Down like this and I thought you guys Would like this but he said when the Volume is squeezed xrp show begins get Ready for the launch and it's just funny Kind of seeing after what happened after The the all-time high what happened Volume did indeed get squeezed you can See what he's talking about if you're Looking at the screen and then when Euphoria hit for crypto markets in 2021
Xrp went along for the ride and yeah It's true we didn't get a new alltime High because the SEC nonsense but now Xrp is uh is Unshackled so when this thing finally Goes yeah we we're going to see what Happens when xrp is not being attacked By a government agency but look you can See on the right side here since that Moment after the Euphoria died down and Then the volume did what it's did it did It's getting squeezed you can see what He's talking about here just say well I Mean he's kind of hitting right well not Even hinting he says get ready for the Launch so if history is to repeat we're Going to have have a very fun time That's what he's getting at here pretty Freaking cool he also shared this chart And this is really interesting too and I Don't see um analysts break this this Data down too frequently so as soon as I Thought this I was like oh yeah this is Cool I got to share this this is just um An xrp market cap uh dominance that's That's what this is dating back like to Way back you know it like it looks like It started in the later part of 2014 Actually and so here's what he noted and If you can look at if you're not driving Or anything like that if you're at a Safe place where can look at the screen It might be fun to do so but I'll read To you what he noted about this chart
That's on your Screen crypto cap dominance xrp Chronological order of lows to highs and There's some things to say about this so Check this out number one low. 26% in July 2014 okay so now imagine this Though xrp had been trading for what I Don't know about a year because I I Think the first time that xrp was Tracked on like you know coin market cap I'm pretty sure I could be wrong you Check me on this but PR sure it was August of 2013 so and I don't know maybe it could Have been trading before that I wasn't Around in crypto back then so I I don't Know for sure and I don't know of a Great way to figure that out maybe it Was trading before that it just didn't Pop up on coin market cap till then but It's all I'm saying is not surprising to See that even though there were almost No cryptocurrencies in existence xrp Even in in in 2014 26% market Dominance number Two high of 20.69% And that was December 2014 my oh my Isn't it a fascinating how things change So quickly from July to December of the Same year 26% dominance to 20.69% Dominance and this is before xrp went Absolutely bullistic obviously uh in 2017 in terms of price action but it
Just shows you how much uh the market Dominance can just go way back and forth And the environment obviously a decade Ago very different than what we have now Uh it's harder to have a higher market Dominance right now because there are Over 20,000 coins now back in 19 dick2 Which is what this chart starts at there Were like what two coins you know There's like almost nothing right anyway Number three low uh went back down low Of 72% that was January of 2017 and we Know in January xrp was what about half A Penny until suddenly it wasn't everybody Was so mad at xrp all year I quit I quit Xrp I quit you okay all right chill Chill out bro chill out uh but then it Went then it went we know what happened And check this out had a high May 2017 31.3 3% because going into that time Frame it went from half a penny to I Think about 42 cents then it went back Down and everybody's mad Again and then we know what happened Though of course but in terms of Dominance that's not where it it it Peak So number five low 1.11% March 20 2021 and so he's saying here um the Target now would be 14% June of 20125 so It depends on when you think this is all Going to pop when things are going to go But um I will say the idea of xrp Dominance not peeking out higher than it
Previously had that makes sense but that Doesn't mean that we won't have way Better performance in terms of what the Dollar figure is because there's just More competition now so in terms of the Percentage of the pike it's we'll see But also so when you hit those highs It's shortlived so when you're talking About xrp at one point having 31% market Dominance that was for a brief moment in Time that's a flash in the Pan and then there are other coins that Have had similar uh highs you know I can Only imagine ethereum's at you know at Various points in time has been that High maybe even higher who knows and Then it goes back down but all that to Say these things are cyclical and if the Market's going to go it's going to go And xrp is going to be a part of it so Far as I'm concerned uh and then there's Also this from chart anal analyst JD he Wrote xrp remove all the Wix SL noise And focus on the line chart present day Resembles 2017 before the 650x number one both within a Symmetrical triangle pattern two both With hidden bullish Divergence and three Dumb money capitulated in 2017 before Then he shars a little rocket emoji and Laughy faces uh and that is true in fact Here I'll show you the chart here yes Dumb money absolutely capitulated in 2017 I saw that firsthand I was brand
New to crypto I witnessed it uh and I'm Witnessing that right now I'm witnessing People that have been in the xrp Community xrp holders for a long time uh Capitulating and look I'm not telling People not to sell if you want to sell I Don't care go for it if you want to or Don't it doesn't matter to me I'm not Offering Financial advice on that I'm Just observing this is what's happening And um I just noticed that these are the Types of things to look for before Massive move to the upside it's it's Just the the point of the most pain Especially when people perceive other Coins popping off and oh my God but my Xrp is not and here's the chart that he Shared you can see what he's talking About here so you can see uh the Symmetrical triangles here he's this is The one from uh back in the day and we Know what happened there right xrp Blasts off ultimately hits new alltime High and he's just noting looking kind Of Samy in that sense and then you look Down here hidden bullish Divergence well How about that with the capitulation So we'll see what happens here but um There there's a reason that I keep Saying with a fair amount of regularity That this is the most optimistic I've Been as an xrp holder I don't know for Sure what's going to happen and I Acknowledge of course maybe Bitcoin
Doesn't hit a new all-time high which Means probably xrp wouldn't or a Black Swan event happens everything falls Apart stock market Fall Falls and then Crypto follows okay fine but I'm not I Don't have a reason to be fearful of That at this exact moment although I do Acknowledge it Could Happen uh I'm just I'm optimistic let's just see what the Hell happens here I mean if if it's Going to happen this is the Time so sit tight we're all going to Find out together I'm not a financial Adviser you should not buy yourself Anything because of anything I say or Right that would be a very very very bad Idea until next time to the Moon Lampo
