# "XRP IS READY" For HUGE Price Surge, Popular Analyst Declares -Report

https://www.youtube.com/watch?v=7r4Af6xItXg

[00:00] Hello, this is Matt on the Moon Lambo channel.
[00:02] The crypto market started jumping today and there is a reason why.
[00:06] A lot of the times, uh, you can't really pin it on anything, but there is a particular catalyst and I do know for sure what it is.
[00:11] The timing is just too perfect.
[00:13] And this has resulted in renewed optimism from some.
[00:15] In fact, one very popular XRP chart analyst says that XRP is ready and taunts you a little bit by stating you don't own enough XRP.
[00:22] And of course, that's rather subjective anyway, but, uh, you know, by the time you do get to an alt season, yes, I'm sure there's going to be plenty of people wishing that they had bought more.
[00:32] Um, but you know, that's just an emotion in the moment.
[00:38] If you're actually responsibly dollar cost averaging in and you did that over a prolonged period of time, it's okay.
[00:44] You [laughter] know, you, you can't know exactly what the future's going to look like.
[00:50] Uh, now all of this said, um, I was a little surprised to see that there's actually a whole lot of analysts that I follow who, despite the fun price action to the upside, uh...
[01:00] Today.
[01:03] Uh, still actually in the short term, a bit, bit, uh, a bit, uh, dare I say, bearish on XRP just in the short term.
[01:09] Now the good news is they're not bearish.
[01:10] None of them actually are bearish, uh, you know, in a higher time frame for the remainder of this market cycle.
[01:18] It's just the case that for various reasons, a lot of analysts out there with great track records think that what makes most sense is XRP does ultimately go lower, perhaps below a dollar, before finally, for real, for real, bottoming out and then ripping to the upside.
[01:34] And if that ends up being the case, then, um, perhaps you are going to get the XRP coins at a loss closer to that historic 43 billion level, uh, which we haven't seen yet.
[01:44] We've only seen, uh, what do we get to, like, 41.5 billion, something like that, uh, XRP coins at a loss.
[01:49] Not quite there yet.
[01:51] And the blockchain backers have been talking about this a lot, a lot.
[01:53] So I'm just sitting there thinking, well, if these analysts who are calling for lower price action in the short term are right, you're probably going to get to that.
[02:01] Level that the blockchain backer keeps talking about.
[02:03] There will just be that many more coins at a loss.
[02:05] Maybe you finally hit 43 and that would be historically within norms.
[02:10] So anyway, lots to break down here.
[02:12] This is going to be a very uh XRP-heavy video.
[02:14] But before going further, I do want to be clear.
[02:16] I do not have a financial background of any kind.
[02:19] I am not offering financial advice and you definitely should not buy or sell anything because of anything I say or write.
[02:25] I'm just an enthusiast who enjoys making YouTube videos about crypto-related topics, but just as a hobby and just for fun.
[02:31] As I record this video, it's 11:34 p.m. Central time.
[02:34] That's my time zone.
[02:37] Uh, Tuesday, July 14th, 2022.
[02:40] You have XRP at $110.
[02:43] Uh, Bitcoin at 64,739 bucks.
[02:45] Nice to see.
[02:47] It's pretty much a sea of green almost almost entirely across the board.
[02:50] You can see as I scroll down on the main page of Live Coin Watch.
[02:54] Uh, what a nice little change.
[02:57] I'm used to blazing red every single time I freaking wake up.
[02:59] That's what it feels like anyway, right?
[03:00] Time wake up.
[03:02] Let's see how down the market.
[03:02] It's again.
[03:02] Ah, no.
[03:02] Truth be told, it's just been moving sideways the last several months.
[03:07] It's just that people's wills have been broken.
[03:09] Uh, but anyway, so there is CPI data.
[03:11] Here's the headline.
[03:12] Um, here we go.
[03:15] US CPI falls for the first time since 2020.
[03:18] Core gauge flat.
[03:18] So more on that in a second, but first I just wanted to note uh that data came out at 7:30 a.m. Central time or 8:30 a.m. uh Eastern time zone.
[03:29] And you can see market responded immediately.
[03:31] This is the XRP price chart.
[03:33] Uh, Bitcoin also lined up quite perfectly.
[03:35] So this, this was the catalyst for it.
[03:37] And I'm sure some analysts would argue, well, if it weren't this, it would be something else that would have moved the market up so and so.
[03:42] And I always hear those arguments.
[03:42] Fine.
[03:44] That, that could be true.
[03:46] Actually, either way, this is what did it.
[03:48] Unquestionably, it is.
[03:48] Uh, we had a green day in the stock market as well.
[03:51] And so here's a few high-level takeaways from the Cabes letter wrote.
[03:56] Breaking June CPI inflation falls to 3.5% below expectations of 3.8%.
[04:00] Core CPI
[04:03] Inflation falls to 2.6%, below expectations of 2.8%.
[04:09] Uh, month-over-month CPI inflation fell 0.4%.
[04:13] The biggest monthly drop since May 2020.
[04:16] US stock market futures are surging on the news.
[04:18] Yeah.
[04:21] So markets obviously like this.
[04:24] And of course it makes it that much uh less likely that there would be rate hikes.
[04:27] That's actually been a discussion recently.
[04:30] Um, then there's this post from chart analyst Psychedelic talking exactly on this topic.
[04:33] He said, "CPI just came in so much cooler than expected."
[04:37] I have been saying for ages they will not be hiking rates, and I do not understand anyone thinking they will.
[04:43] It's all just fear-mongering and misdirection.
[04:47] The most interesting thing about this CPI print is month-over-month CPI inflation fell 0.4%, the biggest monthly drop since May 2020.
[04:58] Since May 2020, just after the last midcycle correction, you can see what he's pointing to right here.
[05:03] Look at.
[05:05] This.
[05:06] I remember that midcycle correction in 2020.
[05:09] Uh, and during that XRP fell at 10 cents very briefly, by the way, but he says just after this midcycle correction, yes, I have marked it on the chart.
[05:17] Are you paying attention to all of these signs yet?
[05:20] I'm tracking it.
[05:21] It's kind of interesting to see all of this unfold.
[05:23] Now, I don't think that um the I just I don't I just really don't think the inflation data is going to be the primary driver of what happens.
[05:34] Look, there are too many macro data points that have just perfectly lined up and resulted in the crypto market just pumping ultimately and it's happened every single time.
[05:45] And frankly, um, I it isn't necessarily the case that you have to get a rate cut from where we are right now in order for this to happen.
[05:53] I think really what what matters is what's already unfolded, which is frankly is just all-time high global liquidity.
[05:59] You can see we're in economic expansion.
[06:00] All sorts of things are booming.
[06:02] There's a risk on appetite.
[06:04] All this is real.
[06:04] This is real stuff.
[06:04] It's not debatable.
[06:05] Anymore.
[06:07] You know, a year ago, you could have debated whether or not the macro guys were right about their predictions back in 2024.
[06:13] Um, a year ago you could have argued that you can't now.
[06:15] They were right.
[06:16] The only thing you can still argue with me about is whether or not the increased appetite for risk is going to spill over into crypto as it always has without fail throughout history.
[06:25] You can argue with me and say, "Well, for the first time in history, this time is different.
[06:28] It's not going to happen."
[06:29] And I'll say, "Okay, tell me your argument, but I think you're going to be wrong unless you got something really, really compelling that I haven't considered."
[06:36] But I would I mean, if you do, I actually would want to hear that.
[06:38] But, um, I've seen nothing.
[06:40] I've seen nothing along those lines.
[06:42] So, whatever happens with this, fine.
[06:43] It moved the market a bit today.
[06:46] Whatever.
[06:46] It's it's this is not the big thing.
[06:48] It's not the big thing that matters.
[06:51] Uh here's a post from Crypto Insight UK says, "XRP also spiking on CPI news.
[06:56] Currently, no change in structure yet.
[06:58] Uh lower high in price and higher high on the RSI.
[07:01] That's a bearish divergence.
[07:04] Says if we break above our white line
[07:06] And or our green line, we can have a different discussion.
[07:11] Until then, the plan stays the same.
[07:13] And what is his plan?
[07:15] Well, he's been talking about it a lot over the last week in particular.
[07:17] He thinks what's most probable and what he'd prefer is for XRP price to fall to 90 to 95 cents, uh, take out that liquidity.
[07:25] That way, when we start moving to the upside, he wouldn't be as worried about XRP price going back down to take that liquidity out.
[07:31] So, it's a straightforward argument.
[07:33] I get why he says it.
[07:34] Uh, but ultimately, he does still believe we're going to see price discovery for XRP, double-digit price action.
[07:40] His predictions, um, saying we're going to hit at least $10.
[07:43] That's still out there.
[07:44] Nothing has fundamentally changed.
[07:46] So maybe you're not going to like some of the stuff that I'm sharing because in the short term a lot of analysts who are really pretty talented are saying I think we're really might go lower.
[07:55] You might not like hearing that, but they're all bull.
[07:57] They still firmly believe this cycle we going up.
[08:00] So it doesn't like nothing's broken.
[08:02] That's the important takeaway here.
[08:04] Uh, here's a post from Credible Crypto.
[08:07] And he posted this.
[08:10] It was what, 11:51 a.m. this morning.
[08:13] So this is hours after markets started breaking out, including crypto, and uh, he's thinking might go down actually.
[08:21] He says might get a small dump across the board soon.
[08:23] If we do, I think it will be a good chance to position before some more significant/sustained relief across the board.
[08:31] I'll be watching closely.
[08:34] Now, Crypto Insight UK responded and said, "XRP to sweep $1 question mark."
[08:39] And Credible Crypto wrote, "Eventually, I think that is likely, but at the moment, still think it's possible we get that move to $1.70 plus first."
[08:49] So, this is interesting.
[08:51] He's the only analyst I follow that thinks we could get a notable rally of that degree, because that will get people excited from where we are now, getting up to above a buck 70.
[08:57] Yeah, that's going to get some people excited.
[08:59] Is it going to continue?
[09:00] All those fun questions.
[09:03] Um, he's the only one I follow though that's saying that's going to happen, and then you're actually still.
[09:08] Going to see XRP below a dollar even after revisiting over a $1.70.
[09:13] He's the only one I filed that's saying that.
[09:14] Now, uh, he's a great chart analyst with a great track record.
[09:18] So, yes, he's the only one saying anything quite like that.
[09:20] Doesn't mean he's wrong necessarily.
[09:23] We're going to find out here.
[09:25] Um, here's a post from Chart Nerd.
[09:27] Says, "Hey XRP fam, my base for price action as we head into the remaining two weeks of July is further relief for the market."
[09:39] Historically, Bitcoin enjoys a mid July rally average 7% plus return uh around CPI during midterm years and today was a much lower than expected short-term positive outcome of 3.5%.
[09:52] If we do witness a rise, I expect it to be short-lived counter trend move into August before a final sweep for Bitcoin in late Q3, early Q4.
[10:01] Yeah.
[10:05] So, he does believe in the four-year cycle.
[10:07] He does believe that this has been a bare market.
[10:08] And he thinks that we're going to bottom then.
[10:10] So, um, I don't know how low he thinks that means Bitcoin would go.
[10:15] I mean, a lot of these four-year cycle guys, they think that Bitcoin's going to be bottoming out in Q4 at like $30,000.
[10:23] And to that I say, don't hold your breath.
[10:26] Um, I mean, if it does, it does.
[10:27] Okay.
[10:28] I mean, I'm not — I'm going to be wrong about things sometimes.
[10:32] Um, I would be very surprised about that because macro conditions are very favorable right now and we've already gone through a massive correction these last nine months.
[10:40] So, you guys tell me what you think.
[10:42] Uh, he also shared this post.
[10:45] Let me be clear that regardless of whatever relief XRP encounters in the remaining weeks of July, it will likely resort back to $1.
[10:53] This remains a counter trend rally on the lower time frame and nothing more.
[10:59] Yes, enjoy the small wins.
[11:01] I'm all for it, but no bullish structure has occurred.
[11:05] Okay, fair enough.
[11:07] And you know what, I'll tell you one area I do agree is.
[11:11] There are some people who are so sour that they get offended if you will celebrate the little things.
[11:15] Yeah, come back to me when XRP is above $3.
[11:17] Come back when XRP is above $5.
[11:19] That's those types of comments.
[11:21] I'm like, no, it's okay.
[11:23] When it goes up, it's fun to track this stuff.
[11:24] It's exciting.
[11:26] And you don't know for sure if this will be the moment it goes up.
[11:27] Yes, it's fine to celebrate that stuff.
[11:29] I hate these negative people.
[11:30] It's fun to be in crypto.
[11:33] Don't have to be so sour, son.
[11:35] So, yes, I agree with him on that.
[11:36] Certainly, that's a mentality thing.
[11:38] Uh, here's a post from CW.
[11:41] Now, this is at 2:14 a.m.
[11:41] So, many several hours before uh we got the CPI data.
[11:43] So, market had not gotten pumpy yet.
[11:45] But he wrote here, "XRP is being supported by a buy wall and another buy wall exists below it.
[11:51] Strong selling resistance has formed above it.
[11:54] While a short-term rebound to $19 is possible, strong resistance lines exist."
[12:02] Yeah.
[12:04] So, we did get it because there was a catalyst today.
[12:06] We got above a buck 09.
[12:08] But if you look at these levels, I don't need to read everything.
[12:09] On the screen here, but look at these key levels in red here.
[12:10] Uh, there's going to be some notable resistance along the way, but eventually as markets recover, you end up chewing through that stuff.
[12:18] But we'll see how long it takes.
[12:22] Uh, here's a post for chart analyst Krypto Patel.
[12:23] He says XRP has rallied into a high confluence higher time frame resistance after confirming a bearish market structure shift.
[12:34] So he's the only one that's saying that there's been an actual shift here out of anyone else that I read anything from here.
[12:39] So he says confluence bearish order block, uh, fair value gap and breakdown retest as long as higher time frame holds below $112, the bearish setup remains intact.
[12:52] So you can see he's noting that we fell below this particular trend line that he plotted here, came back up for a retest, and that's kind of where we are right now.
[12:59] He says, "Targets are buck05, $11, 95, and also 90.
[13:07] The highest probability trades come from retests of broken
[13:09] Structure, not from chasing breakouts.
[13:13] So, he does think that it's very plausible that you're going to be seeing XRP below a dollar.
[13:19] And we haven't gotten that yet.
[13:20] During this correction, we haven't seen that.
[13:23] So, is it going to happen?
[13:25] I mean, not going to rule it out here, but man, there's been such tremendous strength around this area.
[13:32] And there has been, frankly, with Bitcoin, too.
[13:35] You know, Bitcoin, the bears have had one hell of a time trying to push that bad boy below $60,000.
[13:41] And out of the handful of times they did, it was short-lived and barely below $60,000.
[13:45] Like, that is not impressive.
[13:47] That does not show strength from the bears.
[13:49] There's no question there.
[13:52] Um, an XRP obviously holding above that key psychological level so far anyway of $1.
[13:58] I, there's something there at least to this point if there's a breakdown.
[14:03] Yeah, the whole market can go and XRP along with it.
[14:07] But we'll find out.
[14:07] Here's a post from chart analyst Casey Trades.
[14:09] Now, the one up top here is from July 13th yesterday.
[14:12] So, I actually shared that in a video.
[14:14] I'm not going to reread it.
[14:15] If you want to pause and read it, I'll just note that she has been warning consistently, including in this post, that XRP may fall as low as 87 cents.
[14:24] Now, after the move today, this afternoon, 12:11 p.m., she just reiterated the following.
[14:28] This has not been invalidated.
[14:31] So, the idea that XRP may end up going down to like 87 cents or so.
[14:35] She's saying not invalidated despite the fact that the price has gone up a little bit today.
[14:39] That's what she's getting at there.
[14:44] So, nothing changed there.
[14:45] And again, so I know you're probably thinking, well, price has gone up, you know, happy to see this.
[14:48] This is a lot less positive than maybe what you would have expected from a lot of these analysts, but I appreciate the honesty.
[14:58] If they think in the short term what's probable is we go lower before ripping to the upside, then that's fine.
[15:03] All I can ask for them is to be intellectually honest.
[15:05] Now, that said, not everybody does agree that we're likely to have harsh times.
[15:11] Even further than what we've seen in terms of price before ripping higher.
[15:15] Uh, here's a post from chart analyst, Crypto Michael.
[15:18] I referenced him at the outside of the video.
[15:20] Now, he's been right about XRP.
[15:22] He was right about XRP in 2024.
[15:25] He was right about the entire crypto market bottoming, uh, Bitcoin specifically, early 2023.
[15:31] And here he wrote, "XRP is ready."
[15:35] "The stage is set."
[15:38] "The phoenix will rise."
[15:41] "You don't own enough XRP."
[15:43] "The world will watch in disbelief."
[15:45] Well, I'll tell you what.
[15:48] I think I do own enough XRP.
[15:51] In fact, I went completely absurd with it.
[15:53] I bought a completely unreal, unreasonable amount because my conviction was my conviction.
[15:55] And uh, that's the reason I haven't bought it since 2020.
[15:56] I went nuts with it.
[15:58] And I decided if I didn't stop buying XRP, I had a serious problem.
[16:01] [laughter] Need to like get in a, you know, in some sort of group to come help me with my over purchasing of XRP problem, sit in a nice little circle perhaps in a gymnasium.
[16:09] Um, so anyway, I
[16:12] I was like, "Okay, it's time to diversify further."
[16:14] So I did.
[16:16] Ever since then, um, I've only bought other coins.
[16:18] XRP is my favorite, though I am biased.
[16:20] Uh, but even now, it's still about half my crypto portfolio, [laughter] even though I haven't bought it since 2020, if that tells you something.
[16:29] Uh, so yeah, I own enough XRP.
[16:31] I'm happy to diversify, but I appreciate the sentiment.
[16:33] It's meant to be positive.
[16:36] Just saying.
[16:36] Um, but he thinks this is it.
[16:38] And he's been saying this quite a bit.
[16:40] There were other posts even dating back to the beginning of July where he's like, "Guys, this is going to be the month effectively."
[16:44] I'm paraphrasing, but he's been saying in no uncertain terms like XRP is about to go.
[16:49] Which is interesting because he doesn't always do that.
[16:51] He'll go long periods of time without even mentioning XRP if he doesn't think there's anything that's from his perspective noteworthy, but then he starts talking about it consistently.
[17:04] And anytime he's done that in the past, actually something that I've seen anyway, uh, something actually has happened.
[17:10] So, we'll see.
[17:10] Um, then there's also this from chart analyst Kali says, "XRP is showing an RSI
[17:13] Divergence.
[17:16] A strong rally could be about to begin.
[17:21] Hear it here first.
[17:21] And um and so that was yesterday before the move to the upside, but I mean it's not like anything got worse in the the you know the 24 hours that followed, you know, certainly not.
[17:33] So there is optimism out there.
[17:35] Just depends on who you ask.
[17:38] And I I as far as optimism though, I'll say again actually even all these analysts I highlighted in in this video warning we might go lower, they do they do still have optimism.
[17:48] They are higher time frame big picture very pro XRP.
[17:52] Um here's a post from Mikey Bul Crypto.
[17:54] This is from this morning uh before the the well if you want to call it a breakout even before the the the move to the upside to whatever degree that happened.
[18:04] He says XRP what is coming for XRP will be massive.
[18:08] I love the pattern formation.
[18:10] And so he's been talking about XRP a whole lot more than he normally does.
[18:15] I mean, he's another guy where, like, yeah, he's pro XRP.
[18:16] He thinks we may get, you know, closer to 10 bucks or so, you know, peak for the cycle, which is, you know, I think a lot of you think that's conservative, but he's that means he's an XRP bull, but he doesn't normally talk about XRP.
[18:30] He just has been a lot recently, which tells me he's noticing something as well.
[18:35] Uh, here's a post from chart analyst Dark Defender.
[18:37] He says, "This is what is happening on a smaller time frame, the 4 hour.
[18:39] XRP had a strong bullish break.
[18:42] We are on our way to the grand wave three, baby.
[18:48] Um, and that was this morning, hours after the uh the CPI catalyst caused the stock market and crypto to move to the upside.
[18:56] So, we'll see.
[18:58] Again, like I said, there is optimism, too.
[19:01] Then there's also this from chart analyst Superb Bro, Bitcoin.
[19:04] Uh, these are 12-h hour candles here, and he says, "Complex inverse head and shoulders breakout with a target north of $70,000.
[19:13] The shakeout into CPI formed a second.
[19:15] Right shoulder with a perfect retest of the diagonal.
[19:19] Then it followed through with a clean break above the [clears throat] horizontal neckline.
[19:22] Send it.
[19:26] So, uh, if he is correct about that and Bitcoin is going to $70,000, you know, XRP is not likely to go the opposite direction in dramatic fashion during that time period.
[19:35] So, if we're really going to go up and especially if we don't revisit any lows again, uh XRP likely would not then hit a price below a dollar perhaps ever again.
[19:45] We'll see.
[19:46] I'm not making any predictions.
[19:48] Let's let time pass.
[19:48] But to see Bitcoin damn near hit $65,000.
[19:51] You see this, right?
[19:54] $64,997 is uh the 24-hour high for Bitcoin according to Live Coin Watch.
[19:59] I mean, it's been a little it's been a hot minute since we've seen that, right?
[20:03] See if there's a continuation, folks.
[20:05] Either way, the best is yet ahead.
[20:07] I'm not a financial adviser.
[20:08] You should not buy or sell anything because of anything I say or right.
[20:11] That would be a very, very, very bad idea.
[20:15] Until next time, to the moon Lambo.