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Hello this is Matt on the moon Lambo Channel xrp continues to test the Patience of holders look at the chart on The screen your 24-hour xrp chart uh by The way at the time I'm recording this It is 2:35 a.m. Central Time uh Friday April 5th 20124 so the excitement from the morning Uh with the news of Ripple uh launching A stable coin on The xrp Ledger and Ethereum short-lived excitement at least In terms of what happened in global xrp Markets you can see that big old move to The upside and then the slow Trend to The downside up to this point causing Undoubtedly multiple people to be like WTF my Friend this is just how it goes we don't Choose when xrp is finally going to have A clean break to the upside that's going To be of Particular Notability and that's how it's always Been most of the days when this has Happened even in a bull market xrps just Not doing stuff so this is par for the Course so far as I'm concerned but I Will tell you that I agree with Perspective from uh one analyst I'll Highlight a little bit later in this Video he has an incredible outlook for Xrp and I think for good reason and he Says that uh you know xrp will quote Leave those Bears behind end quote and
It is true like the Bears and everybody That's capitulating bye-bye bye see you Later it doesn't it doesn't matter in Them to each their own This has happened with each market cycle People get impatient with xrp and then It just goes uh now truth be told this Isn't unique to xrp this happens with Every cryptocurrency in existence people Get impatient with all sorts of coins They see ooh shiny object moving to the Upside then they fomo into that it's Just it's just human nature it is what It is so we'll talk about what's Happening in markets now uh also I want To briefly mention this article I don't Need to read this whole thing the Headline says enough but it's a season Trader gives timeline for xrp to hit $3 To five dollar now three to5 dollar that Sounds pretty great compared to where We're at right now but I still have a Little bit of a bone to pick with this Particular perspective even though yeah $5 sounds pretty nice but uh 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 as I record this
Latest Moon Lambo Hot Jam xrp is 58.3 Bitcoin just over $67,000 market cap for the ass class 2.53 trillion and the crypto and greed Index at 79 out of 100 so we are back in Extreme greed baby here's a post from The nent Tropic account on social media Platform X and this is run by the Co-founders of onchain analytics firm Glass node they do absolutely fantastic Work and when I'm scrolling through my Feet and something from them pops up I Stop and read it for good reason like They're a standout when it comes to Analysis in the world of crypto uh so Here's what they had to say moving Averages suggest positive shift created Upward momentum in Bitcoin bitcoin's Daily chart signals a mixed bag of Bullish and bearish patterns indicating An extended consolidation phase amidst High volatility and Market uncertainty With support at 59,00 $3 and resistance At $ 73,74 the market navigates Within These Parameters significantly the 50100 and 200 day moving averages are now hinting At a positive shift providing Foundational support and potential for Upward momentum this emerging pattern Suggests a cautious yet optimistic look For Bitcoin highlighting potential for Gradual recovery and growth and so That's the range that they say we should
Be looking out for don't drop below Roughly 59k but if we want to be Breaking to the upside get up to almost $74,000 and that's fairly close to what I've seen from all sorts of analysts I've been highlighting in recent days And weeks that seems to be for the most Part pretty well accepted by many anyway And it's not going to stay here forever Look Bitcoin is going to lead the way Out of where this consolidation phase That we're in right now to be clear we Are in a bull market right now Unquestionably we're in a bull market And maybe we're somewhere roughly in the The halfway point maybe slightly further Than that but the best is at the end Even if we are in terms of the length of This Market cycle even if we're a little Over halfway through the thing or even Further than that uh don't be concerned That we're most of the way through and We haven't seen incredible fireworks With xrp or pick your altcoin whatever Your favorite is because the grand Finale comes in a very short period of Time historically so when it goes it's Going to be a crazy amount of excitement All at once and that's where the the Peak of the opportunity is uh here's a Post from onchain analytics firm Santiment another one that anytime I'm Scrolling through my feet on X and they Pop up I stop and make sure I read what
They have to say because they they're so Data driven and I just I love data you Know logic data reason I'm all about It here is what santiment had to say the Crowd's sentiment towards Bitcoin and Crypto markets in general has wavered Ever since the big corre ction 3 weeks Ago even with the Bitcoin having now Just two weeks away Trader sentiment Reflects fud and beish expectations now I will pause note here even though I did Just show you that we're in extreme Greed uh it's it's all relative there's A certain segment of people that are Particularly noisy and I think that's Who santiment is referencing here so It's not most people just like when I Talk about how there's this is the worst Sentiment I've ever seen in the xrp Community uh yes but I don't think That's most people if it were most People xrp wouldn't be in the top 10 Coins by market cap it's just that They're particularly noisy types and so Anyway sent continues with prices Bouncing back to $69,000 temporarily on Thursday Bulls should be rooting for the General consensus to remain Negative historically markets move the Opposite direction of the crowd's Expectation so some of the best times to Buy are during times in which most don't Believe a rally can start or continue Folks that is true that is indeed the
Case when sentiment is poor there you go And so this is about the POR that's Going to get in a crazy bull cycle like This one because it's been fantastic so Far really has now of course Again The Best is Yet ahead But what do you expect you know and and I do see I do see some some be stuff on Social media certainly more than a few Weeks ago you couldn't find bearish Sentiment a few weeks ago but then you Get a little bit of a correction you get Some consolidation and here we are it's Very normal but if there weren't if There weren't anyone in consolidation Phase like this feeling a bit down and You know kind of questioning their Sanity sanity investing in crypto that's When I'd be concerned because at the top After the actual top of a market cycle Even if the market starts to correct It's hard to find bears everybody is way Too uh way too confident undeservedly so We are not there this is look at look For the human behavior if you want to Know where the top is and you're not a Chart guy the easiest thing you can do Is look at the actual sentiment if if if You got your if you got a beat on the Pulse of what's going on in the world of Crypto you can sniff that out pretty Easy go on social Media super easy which is why when I see People bitching up a storm about xrp
Before we're anywhere near the actual Top of this Market cycle I'm like yeah How cute you know because I I've seen This movie before you know here's a post From chart analyst Mikey bull crypto Coin is displaying the consolidation Range of December 2023 that led to an explosive move to $73,000 the breakout of this current Range will lead to $100,000 yeah he's been pretty Consistent in in delivering that message And look even if you don't care about Bitcoin and I don't particularly even Though I hold a fair bit of it and I Have since 2017 I bought it on the cheap For you know back when it was thousands Of dollars uh cool I'm glad that it's Worth way more than when I bought it but The rest of like the real excitement From this point on it's in the altcoin So I'm ready to get this thing moving Along and to that end here's what Mikey B Krypto has to say about alts in General altcoins Bitcoin dominance has Already topped but real fun will start When it begins its descent the rule of The game is patience yeah so uh patience In short supply for many people Unfortunately uh not unfortunately for Me I'm counting on people capitula and All that sort sort of stuff but as far As what he's saying here about Bitcoin Dominance absolutely this is correct
This is another thing that you can look At even if you're not a chart analyst Because I like and I'm not I don't want To be one I just find it I look I'm Appreciate the people that really enjoy Doing I I genuinely do I appreciate Hearing the perspectives and a lot them Put tons of time into it it just given That my investment strategy is hold and Do nothing I just I don't feel Incentivized to get into it and it bores Me to tears I just I don't want to get Into the nitty to that degree most People don't want to I just want to hold And let time do the heavy lifting that's Pretty much it I think a lot of people Are like that but another thing you can Watch for even if you're not an analyst Is is just what's happening what's Happening in terms of Bitcoin dominance Because after it hits a new alltime high As you see it tank to the downside That's just one more indicator because Even if bitcoin price is going up the When the dominance is going down that's Where opportunity is because altcoins Start taking off and eventually uh that Dominance is going to bottom out before It starts reversing back to the upside And then we enter a bare Market that's Just one more thing you can look at if You're just a regular everyday person in Crypto like me it's just there's all Sorts of stuff you can be looking at and
By the way here's the latest from Mikey B crypto about xrp from just uh just the Other day oh actually I got two from Them this one's uh from right after Ripple announced that uh they're Launching a stable coin on The xrp Ledger and ethereum my last video was About that uh my very next video is Going to be about that as well I have More to say about that but uh here's What Mikey Crypt WR xrp this is a great Move that will reignite more activities In the ecosystem the big move move in Price is warming up and so he is one of Those analysts that has been calling Consistently and strongly in the face of Extreme resistance for xrp to go way Higher way way way higher and here's his Most recent post specifically on that From a few days ago xrp it seems it is About to follow the 2017 path coupled With that post having uh always results In an explosive upward move in price Zoom out and tell me what is bearish Therein and so you can see he's Expecting xrp uh to get up well he's Talking about well Above This level but You can see easily here even to get to This FIB level you're talking about over $4 xrp and he he's he's been very Consistent in his conviction on that and I'd say for good reason all of the Reputable analysts that I follow and I Think all the ones I follow they are
Even if they they're not going to get Everything right and they'll disagree From this and That none of them think that what is Probable is xrp just keeps around this Roughly this price level like it's just Not it's just going to set this one out Everything's else going to go in a bull Run but this one top 10 coin xrp it's Just not going to do it no that's that's Not that's not what any of them think And I don't believe that because it Doesn't make logical sense that given That the asset class on the whole gets Treated the same and xrp is not being Attacked by the SEC now why would it not Go that just doesn't even make logical Sense uh here's a post from chart Analyst crypto wizard major xrp Outlook This is an xrp price chart in USD major Xrp Outlook xrp has been range Bound for Over a year it is trying to form a huge Multi-month inverse Head and Shoulders a Reversal here triggers the right Shoulder to mature towards 73 cents and Then 91 cents after a breakout xrp leave Those Bears behind so one more analyst Who has been very consistent in the Messaging and I just I don't think it's A coincidence that all sorts of these Analysts who are bullish on xrp a lot of Them have fairly similar price targets And um on the more conservative side You're talking about closer to 10 bucks
15 Bucks I I don't pretend to know where It's going to go I'm not making a price Prediction I'm just saying I don't think That stuff is crazy it sounds pretty Damn conservative to me if we're going To have a true uh go nuts type of Altcoin rally here then yeah why Wouldn't it the only way it's not going To happen is if we don't have that or we Have some sort of Black Swan event but I'm saying if we do and Market goes Whole Hog yes xrp being part of this Asset class yes it's going to go it Would make no sense for it not to here's The headline from the Crypt basic season Trader gives timeline for xrp to hit $3 To $5 I'm not going to read the article I just wanted to make a point on this And look I appreciate the optimism but Here's what they're citing as a Prominent uh Market analyst he's talking About a bunch of coins including xrp and He he he shares price targets for the Next 12 to 16 months and they're not all They're not all crazy I wouldn't Critique all of them for instance Bitcoin um you know 100,000 $250,000 although you know I think it's Quite plausible that the market ends Like if credible crypto is correct my Got the Market's going to be over in Within the next six to eight months like The the top will be in anyway and there
Will still be some fun action on the way Down and some stuff will be popping off After Bitcoin tops uh but you know okay If this does if it truly does carry out To you know in terms of time wise like To the degree that you would expect Based on the the quote unquote fouryear Cycle okay well maybe this happens then But the dollar levels don't sound crazy $100,000 to $250,000 now I'm not as confident on the Upper end of that but it doesn't sound Crazy for ethereum $10,000 to $15,000 Well uh you know eth didn't quite hit $55,000 last Market cycle so that would Be you know on the low end a little over A 2X but that's why when you get to what He says about xrp I'm like do what again For xrp is calling for3 to5 in the next 12 to 16 months now look I'll be excited If we get those price levels because Most of that's in a new all-time high But $3 isn't $3 isn't even a new All-time high you kidding me I just I Don't buy into that I mean even if You're talking about $5 if that's where The peak is you're talking about less Than a twofold increase from the All-time high from over six years Ago Uh I'm skeptical of that I'm skeptical Of it stopping there I don't know where Price is going and again I'm never so Bold as to make a price prediction but
Uh my guts tell me that doesn't make Sense if we're going to have a truly Insane rally to the point where Bitcoin Goes anywhere in that range and eth goes Anywhere in that range and then xrp's Like no I'm just fine down here I'm just Not going to participate that much maybe A little bit in this market cycle no That's not what's going to happen it Doesn't make any logical sense here so The Best is Yet ahead we just got to Hold tight a little bit longer and we Will get there and we're absolutely Going to leave those little Bears behind I'm not a financial adviser 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 Lambo
