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Hello this is Matt on the moon Lambo Channel the Bulls just keep snatching up That xrp when it goes on sale just the Other day as you well know xrp dropped As low as 43 cents and it's been so Fascinating seeing tremendous volume Come in and so xrp is doing what we Should expect it to do which is to say It's moving in tandem with the rest of The market as it goes down the entire Market goes down U major volume comes in And then the price rebounds which is What we've seen to this point it's now Up to a little over 50 cents the time That I'm recording this so there's Nothing weird about that it's just it's It's one of the reasons that I'm so Optimistic that xrp is absolutely going To hit a new all-time high in Enterprise Discovery uh this Market cycle so long As there is a full-blown alt season Which I'm anticipating now of course Technically nobody knows for sure and There could be some sort of Black Swan Event so I'm not going to go so far as To make some sort of price prediction or Anything like that I never have and I Never will but I'm optimistic that is What that what is most probable is yeah We are going to see that and I think a Lot of you listen listening if you're Just a little bit more patient um Because we're not quite there yet I Think a lot of you listening are
Actually going to achieve life-changing Wealth if you're sufficiently positioned You got sufficient exposure to the Market with with the degree to which We're going to get crazy multiplier Effects even for large and midcap coins Because there's not much money in even Those uh it's going to be Substantial and um so there are a couple Analysts saying um I don't get this a Little bit later in the video but there Are a couple of uh xrp chart analysts Noting yeah as as xrp price goes down People absolutely are snatching it up Not surprising and one of the xrp chart Analysts is noted today that he's Actually buying xrp at these prices Because it's at a particular level so as It looks more and more abysmal that's The point of Maximum opportunity for the Cycle but uh before we 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 enjoy is Making YouTube videos of about crypto Related topics but just as a hobby and Just for fun at the time I'm recording This video it is 11:55 p.m. central Time My time zone because I'm in the Midwest And the good old United States and we Have uh what the hell day is this anyway
Tuesday April 16th 2024 every day blurs Together at this point staying busy uh But again yeah so xrp's a little over 50 Cents Bitcoin 64314 bucks uh market cap for the asset Class $ 2.36 trillion and you have uh The crypto fear and greed index at 67 Out of 100 so uh haven't spent recently A lot of time in the 60s here uh but but We are and you shouldn't be too Surprised I see it given the negative Volatility we've seen in recent days but Uh we're going to get back into extreme Green undoubtedly just to be a little Bit patient um I wanted to highlight This real quick because this is Fascinating there's been all sorts of Expectations that we'll be seeing rate Cuts from the fed this year and I I Noted in a recent video that I was Skeptical that we'd be seeing that Anytime soon Because uh you know the the CPI data Wasn't so hot inflation not exactly Under control going in the wrong Direction in fact and so I'm sitting There and I what I said on this channel I like how how are they gon to uh cut Rates here in the face of that I just Didn't think that was probable and now You have Jerome Paul today uh basically Getting at the idea of yeah maybe not Anytime soon so here's the headline for Barons Paul says inflation progress has
Stalled rates will hold steady for Longer now um as you well know the last Three times that we have seen rate Cuts Uh it's been because the econom is not Necessarily so hot and you've seen Notable crashes to the downside and it's Not a foregone conclusion like there's Not 100% certainty that's what would Happen if we have rate cuts for instance There are rate Cuts in the 90s and the Market ripped to the upside um but uh It's you know I think people don't Understand I don't think that a lot of People have actually looked at that data To understand what that means but I've Still been optimistic and I was saying This in January before we knew whether Or not Bitcoin would hit a new all-time High I told you that my bet was that uh I I thought that it would and I I noted That if you look at what happened with The s&p500 and of course Bitcoin and Crypto follows what happens in uh Equity Markets I said if you look at the S&P 500 uh it hit a new all-time high the Earlier this year and 10 out of the last 11 times that happened if you if you Looked at Price a year later it was way Higher on average I think about 16% Higher so I don't I you know no Guarantee but I would suppose that That's what's likely to be the case here And as a result you know I also think With again crypto moving in tandem with
Equity markets I think that we're going To be on for a hell of a ride I Understand that things have cooled off Over the last couple you know few weeks In particular but we are eventually this Year going to see a major major move to The upside more all-time highs for Bitcoin uh I believe xrp will hit a new All-time high there's going to be all Sorts of opportunities for that Life-changing wealth we again we just Need to be a little bit more patient Here uh here's a post from Nan Tropic This account is is run by the Co-founders of onchain analytics firm Glass node and I'm a huge fan of glass Node and they shared this chart and Wrote to the following Bitcoin shows Resilience Bitcoin displays remarkable Resilience as it swiftly rebounds from The critical $58,000 support level with The relative strength index suggesting a Shift towards bullish momentum with Sight set on breaching $68,000 and Beyond optimism permeates the market yet Caution remains Paramount as any Downward movement below $58,000 Threatens to derail the ongoing bull Market Trend yeah so I would say this Even if we do get a temporarily derail That happens uh like it's it happens in Bull markets it's not going to change my Mood I'm not going to be getting fearful I'm still just going to be sitting tight
Doing absolutely nothing and waiting for The bull run to continue that is what is Most probable I personally believe uh Here's a post from chart analyst jelly And he said Bitcoin tends to take its Time to fully break its previous cycle Highs just take a look at at 2017 57 days of gruesome chop followed By literal up only be patient the Rewards will come and then you can look At um yes so that in 2017 so that's 57 Days and if you look at the next Market Cycle uh hitting back hitting that 2017 Alltime High which it first did I Believe uh I want say it was December 2020 if my memory is serving me here uh So that that was fluttering about for 21 Days so the fact that we're at 42 days Right now uh it's not exactly concerning This this is historically normal so we Don't know exactly at what point it's Going to resume a move to the upside but It's a virtual inevitability as far as I'm concerned anyway uh here's a post From chart analyst Tech Dev and he wrote What markup looks like and he's showing These these so these charts here they're Um they're all showing crypto total Market cap excluding the top 10 coins or I'm sorry this top one is and then you Have this one crypto total market cap Excluding Bitcoin and eth and then this One is the excluding the top 10 but Still they they look pretty similar
Regardless even if they were all exactly The same chart it's going to look almost The same because none of them have Bitcoin right so you can see uh the top One uh this is in the Bull Run going Into 2017 uh you can see where a good Accumulation opportunity was with in This green zone for each of these these Bull runs so you've got the 2017 one the 2021 and then where we are now in 2024 So this is the moment right before Things go absolutely ballistic we just Have to like I said third time I'll say It in this video we just have to be a Little bit more patient then the life Changing wealth comes that's what I Believe is most probable uh here's a Post from chart analyst egreg Krypto and He's highlighting one of his older post From February 2nd where he was uh he was Warning that there's a possibility xrp Could go lower and I know nobody wants To hear that but it is always possible And we did see a move that was pretty Well in line with what he was kind of Expecting and so he noted uh the ABC Corrective wave was predicted down to The teeth xrp Army stay ready and so This is the post from February 2nd and He wrote xrp wave to Analysis uh my inclination leans towards A regular pattern for xrp's wave to Correction with expectations that the Corrective wave C won't dip below 41
Cents however should this count prove Inaccurate there's a possibility of wave C reaching as low as 35 to 40 cents it's Crucial to note that maintaining above 28 cents is a key factor on a macro View And so I I will note that 28 cents that Was the cycle low for xrp Price against The United States yeah uh that was in June of 2022 I believe so uh yeah let's Not go below that but we did go to the Downside because the entire Market Dumped and we got as low as 43 cents so Pretty pretty close right and it's not a Big deal it's just I understand that This just depresses all sorts of people Not me though I understand that this is Normal this happens in markets and it's Not an indication in and of itself as to Whether or not xrp is going to hit a new Alltime high we just need to wait and Find out what's going to happen because One of two things will happen either xrp Eventually hits a new alltime high or it Goes to zero it will not flutter around Sideways for the rest of its existence One of those things will happen you know Which way I'm betting right new all time High eventually even though I don't know When and that's why I love my investment Strategy I don't have to know when all I Have to do is after I buy stuff is just Do nothing it's fantastic I'm literally Getting paid life-changing wealth to do Absolutely
Nothing uh here's another post from Egreg crypto and he posted this uh in The morning yesterday xrp Color code to $1.40 update this color code chart is One of my favorites because it's simple And clear the red flag area was always a Possibility uh but what's bullish is That the Bulls bought up all the xrp That was dumped by the Bears the Bulls Are eager to buy these dips xrp Army Stays steady we're moving up any dips Are just opportunities for your bids to Be filled and these bids could be Life-changing opportunities yeah well You know I agree with that um now I'm Not buying xtrap because it's still by a Lot my largest individual position so I Haven't purchased any since uh was October of 2020 but it's it's last I Checked and last I crunched the numbers I mean it was I think I said it was 24% Of my total crypto holding so it's it's Substantial so yes I'm really counting On xrp to do well um now you know if it Doesn't I'm still going to be fine I got A ton of other cryptocurrencies I'll Still get life-changing wealth I believe Even without it but I think it's going To be a substantial portion of what I Take in this year for this bull run so We'll see what happens uh very Optimistic here and so that's what I was Uh getting at at the start of the video
Here like I mean look at the volume so Xrp's volume 1.68 billion that's close To double what it normally is it's Usually maybe a little shy of of $1 Billion on any given day and uh and Recently it was over two billion $2 Billion for a 24-hour period And so What's happening as is as the market has Tanked and xrp and everything else goes On sales the Bulls are snatching this up People are just giving their exit way For cheap because they're fearful it's Just the silliest damn thing but I'm Thankful that humans are that ridiculous Because they're the ones that cause the Volatility which makes life-changing Wealth possible in crypto so thank you For being ridiculous with your Hard-earned money I appreciate it uh Here's a here's a post from um chart Analyst Leb crypto and I was talking About him at the outside of the video Because he's been buying some xrp here's A post from April 8th and then I've got Something from him today he said xrp the Time to load up on my first major spot Position in several years is upon us Plan is to dollar cost average into my Position once my blue support line is Hit expect it to be hit this month of April best risk reward setup in my Opinion and this is an xrp BTC chart and Xrp has been just getting destroyed when Priced in Bitcoin for years and it's at
Its it had another load just you know a Few days ago in the market uh tank to The downside and historically this is The moment of most opportunity and so The people that hate xrp will rip on it Uh for for this being the case and Pretend like it's just going to keep Doing that forever and then the people That um have trouble controlling their Emotions they'll just about it on The internet you know people going to People right but this is the opportunity Um the the point of greatest opportunity You know certainly priced against Bitcoin right historically speaking it Certainly should be and so he posted That on April 8th and of course Unfortunately the market did take a bit Of a dive but you you don't know for Sure like I I dollar cost averaged into Xrp literally for years and so there Were tons of instances where i' buy and Then it would just tank further tons of Instances cuz you don't know but it's It's more about just getting exposure Over you know a period of time which is What he's doing so it went down lower And then he just bought even more so It's so take a look at this just 12 Hours ago he added to this thread from April 8th 12 hours ago he wrote I need Share this chart uh my major xrp BTC Level is now hit adding more here and so Folks this is what the people who are
Not emotional do if they want to get uh You know a larger position when it looks The most abysmal that is the time of Greatest opportunity and then wrote this Does not mean whatsoever that xrp cannot Decline further in price what it only Means is that the risk reward now is Much much more favorable to enter a spot Position than anytime since q1 2021 yeah and so that makes all the Sense in the world to me we're going to Get ours and so good for him he's Increasing his exposure and he's got a Better deal than he had on the eth so There you go brings down the the average Average purchase price that's just it's The name of the game dollar cost average My friends so I continue to be very Excited about this I don't know when We're going to start to you know the the Resuming the up only season but it's Coming folks it's come so sit tight all We have to do is precisely nothing and The life-changing wealth will just come To us I'm not a financial adviser you Should not buy or sell anything because Of anything I say right that would be a Very very very bad idea until next time To the Moon Lambo
