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Hello this is Matt on the moon Lambo Channel I don't know about y'all but uh I'm pretty impressed with how xrp has Performed since that uh liquidation Event yesterday I mean it's not exactly Back up to where it was you know time I'm recording this it's I think 50 59 Cents here I'll check yeah xrp is just Over 59 cents at the time I'm recording This but that's up off a low of 52 cents And it was a Mark it's not there was Something uniquely terrible about xrp The entire Market was absolutely rocked And so despite that it's back Up and there are other metrics to be Paying attention to take a look at this Xrp up 100% in fund inflows last year But it is far from Maximum and folks uh True and as far as I'm concerned this is Very good because by the time that's not True that does mean that the part's over Right so the fact that we're here before This is as far as I'm concerned is a Fantastic um fantastic metric just Tracking reality Uh here's a headline also from you today Excuse me xrp price recovers with I can Take I don't know where that's coming From sorry about that you're welcome Though I did Lean away I just can I just about something for a second it Seems like every time a YouTuber has to Cough it's like they're leaning into the Mic can you just turn your little
Ass head to the right son like anyway so You're welcome for that but anyway xrp Price recovers with 3.5 billion boots Amid 220% volume Surge yep so uh interesting stuff here And then oh I also wanted to highlight This uh crypto is probably at the start Of a bull market says investor Brian Kelly here's how long it could last just Additional perspective um and this was Shared on it was initially from CNBC but Uh before going further I do want to be Clear I do not have a financial Background of any kind I'm 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 so Let's talk about inflows this is Fant Just it's one more thing to look at here Xrp funds doubled the $16 million in 2023 signaling surge but Echoes of its 2021 Peak suggest popular cryptocurrency Has more room to climb oh that's for Damn sure and a remarkable surge digital Asset investment products witnessed an Impressive $2.2 billion do is in inflows For 2023 well Okay well where's this coming from I Haven't been coughing all day or Weak other than like once anyway anyway I sincerely apologize that U so
Positioning it as the third largest year On record trailing only the Extraordinary highs of 2020 and 2021 a recently published annual report By coin shares sheds light on the Substantial growth within the xrp FOC Focused exchange traded products sector Or etps for short in a doubling of Inflows compared to the preceding year Xrp etps concluded 2022 with $8 million Skyrocketing to an impressive $16 Million by the close of 2023 among altcoins xrp ETP secured the Third spot trailing behind salana and Ethereum notably xrp assets under Management reached a substantial 77 Million Despite the surge the $188 million Garnered by xrp etps in 2023 fall short Of the Pinnacle reached in 2021 where The figure soared to an impressive $63 Million okay so is anybody surprised by That 2021 that was the last bull market of Course so you can see here for those of You looking at the screen where I'm Circling yeah 2021 63 million is anybody Surprised and so part of what's so Astonishing I mean we're talking about Institutional level stuff here 63 Million And this is when xrp was under attack And it still performed like that with The SEC
Nonsense I can only imagine what 2024 is Going to look like if this is as big of A year as everybody's anticipating here In January and there's good reason to Believe that it actually is this is Going to be completely bananas this is Going to be Absolutely gigantic the amount of money Flowing In and and frankly with more legal Clarity like I firmly believe that You're going to see way more money flow Into xrp specifically because of the the Legal Clarity and you could see people Staying away from it last Market cycle But no that this is all about xrp is the Only large C coin that has legal Clarity In the United States the only one not Even Bitcoin has it yes I think that That's an important factor absolutely Unquestionably so yes on an Institutional level uh money be pouring In some uh and so that's why if you're Worried about short-term price action of Xrp and oh it's just been moving Sideways this or that well uh it only is Until it suddenly isn't as is the case In crypto one day you wake up and it's Just Going what's the performance to this Point there's there's nothing wacky About anything that's happened over the Last 12 months none of it's been
Wacky you know and I would just Respectfully disagree if you think it's Wacky or bad that xrp didn't hit a new Alltime high when it got legal Clarity I Don't think that's wacky at all because Historic like it's never happened before Xrp's never hit a new all-time high Without Bitcoin going first the whole Market was going down and you expect xrp To go up that rarely happens in crypto I Can think of like a couple instances Over the six years I've been in crypto Where where um there are certain coins That just take off like crazy uh when When the Market's not hot and bitcoin's Not leading the way it's exceedingly Rare and I've never seen that happen in Any sort of sustained fashion with Xrp so it's not the fact that it didn't That is not bad and it's just been Moving in tandem with the broader crypto Market so I'm excited for like I I see Nothing that looks scary or bad and That's why all the reputable chart Analysts that I follow are just Optimistic for xrp especially after what Happened yesterday with the price going Down but then holding that support level It's now out of a range and now people Think the analyst that I follow I can't Find one analyst that doesn't think this Is positive one that doesn't think it's Going to take off they all think it's Going to take off it's just a question
Of how long it's going to take maybe It's another month who Knows uh but take a look at this xrp Price recovers a $3.5 billion boost amid 220% volume Surge in the past 24 hours the crypto Market experienced a significant Liquidation of positions surpassing $700 Million marking the largest event of its Kind in several months amid this Market Turmoil xrp a wellestablished Cryptocurrency stood up by showing a Remarkable Resurgence in both trading Activity and price recovery folks xrp Ain't dead it's doing what we want it to Do this is fantastic and as far as far As the $700 million liquidated my God Let it be a listen Leverage is bad and Stupid don't use it Right according to coin market cap data Uh xrp observed a noteworthy surge in Trading volume reaching $3.5 billion Signifying a substantial 220% increase From the previous day the surge in Trading volume has not been witnessed Since mid November despite facing a 20% Dip in its price during the market Collapse demonstrated resilience as Buyers entered the market leading to a 15% Recovery exactly it's doing it's what You should hope and want it to do what We're seeing a lot of other coins do it It just they went however low they went
And then they pop back up it was very Brief and even if there hasn't been a Full recovery at this point okay so what It's not like there's anything weird About what xrps do neither the Market's Going to get way way way bigger or it's Not and so let's talk about the Probability of a gigantic bull Market Well here's the headline again from the Daily hodle crypto is probably at the Start of a bull market says investor Brian Kelly here's how long it could Last investor Brian Kelly believes a Bull market that will last for more than One year has begun for the Cryptocurrency market in a new interview On cnbc's Fast Money the founder and CEO Of digital asset investment firm bkcm Says that there are several indicators To be bullish on crypto here's a quote When we talk about stocks We talk about the breadth of the market And the breadth widening out to the mid And the small cabs and that's usually The sign of a healthy bull market we're Seeing that in crypto right now so you Are rightly bringing up names like polka Dot or Cosmos or even salana you're Starting to see the rally broaden out And most importantly you're actually Seeing from some of these Cryptocurrencies actual things being Built on them so we're seeing Decentralized exchanges getting a lot of
Activity we're seeing DEC calized Lending in places in the defi space Starting to get a lot of loans going out There and a lot of total value locked so All these indicators are telling me that The bull market is broadening the Fundamentals are supportive and I think Again I think we're probably in the Beginning of this 12 to 18month bull Market which should spread to the rest Of the currencies end quote so uh I Would love for that to be the case I Don't I'm not convinced it's going to go 12 18 months from where we're at right Now but I do believe some serious Fireworks ahead of us but either way in Terms of the way that he's looking at This what he's stating is true all coins Have been going ballistic for over a Month at this point really I mean the Last few months I mean it's the bottom For most coins from what just stuff that I ended up purchasing it seems to have Basically been somewhere in the middle Of October so yes this is not just some Sort of Bitcoin thing this is this is a Crypto Market thing it's spreading out And I do appreciate also even though I I Don't think it sufficiently matters in 2024 it will in the future uh the fact He's talking about effectively utility You know Cryptocurrencies being useful stuff Getting built on
Blockchains anyway peace continues he Also says that the US Securities and Exchange Commission approving spot Market Bitcoin exchange traded funds Could be a sell the news event I agree Although he believes Bitcoin will soon Rally again as traditional Finance Starts investing through the ETF vehicle Which I also agree with here's the quote I do think a lot of the speculative Fever around the ETF is probably Reaching a crescendo this week so yeah Could we get a sell-off sure but I think That would be a dip to buy because Remember there are still a lot of people That have not been able to buy Bitcoin For their portfolio so even a 1% to 2% To even 5% allocation in IAS or for Private wealth managers they're going to Be buying the ETF over the year end Quote now I think he's knocking out of The park on that that's what I keep Saying Too because if you're the type that says Ah you know this whole spot Bitcoin ETF It it's just it's just a narrative it's Not nothing's going to come with this You'd have to actually believe that These investment vehicles from Black Rock and Fidelity and the rest of them That they're going to get approved by The SEC perhaps but they're going to Fail I do not believe they're going to Fail and I don't care if we have in the
Shortterm sell the news event which I Think is most probable even so I think I Mean I've said a many times I think We're going to see an increase in price The moment the news breaks and then Shortly after that you'll see a dump of People taking profit selling the news And I I'm not going to care that doesn't Mean that anything's broken or rued for 2024 and if I'm wrong happy to be wrong Happy to see it keep on blazing to the Upside because of my net worth is higher Either way it's fine I'm going to be Happy personally so buckle up because we Are in store for some fireworks here I Also earlier today published a video uh Highlighting that inside news uh we on The street is that this thing has Already like the word is out there it Has been approved there hasn't been an Official announcement it's a rumor but If you want the specifics on that you Can just check it it's uh I published it The video literally today it's it's Titled it's done so you can find it very Easily um technically yes admittedly Just a rumor but it's coming from There's again and again from so many Reputable sources there's a really good Chance that there's something to this And perhaps the approval is even going To be made known publicly tomorrow not That I'm 100% convinced on the tomorrow Part of it in particular but but it's
Plausible but uh I'll go ahead and wrap Up here 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 Lambo
