XRP Has "COMPLETED PATTERN"

Added: 2026-06-02

[00:00:00]Hello, this is Matt on the Moon Lambo channel. A popular XRP chart analyst is arguing that XRP has completed an accumulation pattern. And what follows next is going to be finally XRP entering price discovery. We I'm going to show you the chart a little bit later in the video, but if you just look at the schematic of what he believes is going to happen, there cannot be, if he's right, there cannot be uh much more time to pass before we get to that point. It doesn't mean it's literally tomorrow, next week, or next month, so on and so forth. But it does mean that structurally we're towards the tail end of what he believes will finally launch us into price discovery. And this is happening at a time where my gosh, it just could not be more obvious that this is a risk-on environment uh both in equities as well as as crypto. It's I mean, it's it's switching. There are arguments to be made, which I'm going to make in this video. I'm going to highlight all sorts of perspectives just that it just there's macro data that proves the environment that we're in and then there's various charts from various chart analysts that serve perfectly as supplemental evidence of this. If you're paying attention, you can see this is happening. It does not make sense to be bearish here. Even if in the short term, which is different than big picture, even if in the short term the the price of so- and so goes down, which is certainly possible. I acknowledge that.

[00:01:17]I I'm not I am not a chart analyst myself. I I'm happy to share my perspectives on macro swings. Uh but I have no interest in being a chart analyst because it'd be a waste of my time because it wouldn't change how I invest anyway. I'm just a hodler. Uh it would just be a stupid waste of my time.

[00:01:32]Uh but I appreciate chart analysts who are talented and I'm just telling you it is true in the short term. Yes, the price could go down. I just don't make those types of calls. But it wouldn't break what's happening big picture even if that happens. And that's a key takeaway. So, plenty to discuss here.

[00:01:48]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 write. I'm just an enthusiast who enjoys making YouTube videos about cryptorelated topics, but just as a hobby and just for fun. All right. So, in terms of cyclicality, it is a matter-of-fact statement that since the inception of crypto, you have cycllically, just generally speaking, you have a riskoff environment. So that's when money would flow into things like gold and silver, the precious metals, right? And then at some point you start to flip to more of a risk-on environment. And so that would be an instance where money flows not just into stocks, not just the S&P 500, but also into riskier stocks, the small cap stocks that are in the Russell 2000 index. And um and then what happens after that is risk appetite increases as global liquidity increases and more money slloshing around. And then uh people uh want to take on additional risk. They jump into the riskiest asset class on the planet which is crypto. And then eventually they get to the riskiest part of the riskiest asset class which is small cap crypto. So that's the order of things. Where are we right now? And this will give you a feel for okay how long might this be especially with if you if you understand historical context. And so what we have on the screen right here is othersw.

[00:03:09]others is a chart that shows the top 125 coins by market cap excluding the top 10. So it's a good barometer for what's going on with altcoins in general. Then you have the IWM. Uh that is a ticker symbol of so for an ETF that tracks the Russell 2000. So so basically what the what you're looking at up here if you're looking where I'm moving my mouse right here basically just view it as altcoins priced against small cap stocks which are risky also. And so these things go when you're on a in a risk-on environment. But like I said, the small cap stocks historically have always run first and then the risky small caps uh and medium caps, they'll run they'll run after that. So what is this showing us?

[00:03:50]Well, look at this blue line here, the IWM US small caps. So this is showing uh the small caps priced against the dollar. You can see that it's been ramping to the upside. So, for the first time in about half a decade, these small cap stocks, they're in price discovery.

[00:04:08]We are at all-time highs. And it's the breakout started like what, five months ago or so, depending on which chart analyst you ask. It's it's been about that long. That's how long cap stocks have been ripping. Okay. Now, if you look at altcoins priced against that altcoins priced against those uh th those small cap stocks, you can see that altcoins have been falling. So, not only have altcoins been falling against the dollar for like the last eight months anyway. Well, more than that, but in particular with the midcycle correction eight months, not only have the altcoins been falling against the dollar, but they've been falling against IWM, the the small cap stocks, um because small caps have been, you know, gaining ground, you know, against the dollar.

[00:04:52]So, it's not surprising when you look at others priced against the small caps here, others IWM, it's not surprising that you can see we've been sliding down here. So, we're at the lower end of this line, but markets always find bottoms, folks. And since we're in an environment where we are risk, liquidity is at highs on a global scale, you should expect a major bounce. And this is kind of what Meas is getting at. This is his chart, chart analyst Mius. He says, "Others poised to start outperforming US small caps, IWM, uh, close are at the low bound of the curve, IWM on new highs, tick tock." And so he's arguing, yeah, this is the bottom region. This is where you'd expect it to be. And you do have small caps ripping.

[00:05:37]It's like every day just about it feels like there's a new alltime high with the small caps. I've been reporting it on my channel. Rip to the upside of the upper band. I'm telling you folks, I know what the Bears say, but they're damn fools.

[00:05:50]And they so many people screaming there will never be an alt season ever again.

[00:05:53]No, that's just the stupidest freaking thing you could say. The idea that an entire segment of an asset class will never have a run ever again because right now the prices are low. Is that how your brain works? Yeah, that's how your brain works. And it's stupid. It It does not make any damn sense. Here's a post from charting guy. He wrote, "No matter how bears try to depict the current price action structure cycle, a ton of indicators have been flashing the last four months. Indicators that only flashed at cycle bottoms. Now, there is the scenario where it's like 2022 where a few of those indicators first flashed in June, but the real bottom was slightly lower in November. But either way you look at it, Bitcoin is in clear accumulation according to every single metric. Also, November 2022, lower low was due to a clear manipulation black swan event. That's that's certainly true. November FTX, you guys know what happened. Uh he says, "If you're still a crypto bear, you're literally betting on a black swan. Do you know how stupid that is?" So the last part, yeah, I in particular, I was like, and I I argued I mean, purely from looking at macro factors, like if you if you think we're going lower later in this year, which happened in 2022, there there was that black swan with FTX, the Ponzi scheme. So are you are you literally counting on that to happen? I mean, technically possible. You could you could stupid your way into being correct. You could be so dumb that something happens that you end up actually accidentally being correct.

[00:07:28]Okay, you do you then. Um I'm not counting on that though. That is stupid.

[00:07:36]It's risk on folks. Economic expansion couldn't be more obvious. And look at ETH against this lower trend line here.

[00:07:43]This is from chart analyst Mikey Bull Crypto. Ethereum mega rally has already been programmed. The sentiment around it is so bad, which is a perfect moment.

[00:07:50]Yeah. Do you do you see how the analysts that have been around for more than five seconds, they understand that when people are screaming that a coin is dead because the price like right when the price is low, it's because they don't know what the hell they're they don't know that they are the signal. When they're a bunch of people screaming that a coin is dead and it it's it's because the price is low.

[00:08:10]They're the signal. They're the bottom signal. That is how he they don't know it but they are behaving like a typical living retailer does like that that is their brains are working in the same way. They haven't learned yet that it's stupid to think that maybe they'll learn one day but the whole group of humans ain't going to learn. I'll tell you that silly ass Take a look at this.

[00:08:35]This is from chart analyst CW and this is XLM stellar lumens. I wanted to highlight this because and I've been talking about this a bit lately. Uh there was that great news, the DTCC news you may have heard about. If not, look it up. I've covered on my channel also.

[00:08:47]Um very cool stuff tokenizing stocks.

[00:08:51]Anyway, not getting into in this video, but it did cause the price to pump and maybe the price would have pumped anyway, but this was the catalyst in this instance. There's no doubt about it. It was down to the minute it started pumping because it was genuinely big news. It was unexpected uh for most people anyway. And so, uh, he wrote here, "The XLM BTC chart has touched the upper line of the descending channel that has been in place since 2018. If this line is broken, the 8-year trend will end and a new trend will begin. A new trend, the first in eight years, is approaching." Now, I'm highlighting this because XRP and XLM historically have very similar charts. They follow it.

[00:09:27]Now, usually it's XRP that leads, but there was news here for XLM. Okay, that's fine. I hold XLM. I'm happy to see this. I've been holding XLM also since 2017. Uh very happy to see this.

[00:09:38]But um it also goes to show you chart formations really can take close to a decade to play out. And that is happening here. It just is. And they they can take longer. If you look at gold, that was a decades long chart formation playing out literally. I mean it finally ramped up and had this blowoff top, you know, peaking around 5,400 whatever it was per ounce. Uh, so anyway, but I'm just saying like if it's really going to break out here, what do you think happens for XRP? Even if XLM happens to go first this time, which is is rare if it happens, but what do you think happens? Because look, here's XRP priced against Bitcoin now. And XRP has had multiple new all-time highs last year against the dollar. Love to see that.

[00:10:20]Uh, one of the top performers obviously in the in the crypto asset class out, especially out of the top 100 anyway.

[00:10:25]Um, but we haven't seen new all-time highs against Bitcoin since 2017, the first half of 2017. Does that mean we never will? Uh, I don't think so. I think we will at some point. Maybe this cycle. And if we do this cycle, even if we don't and it just gets close, holy hell, imagine what that means for XRP against the dollar. It would just be outrageous double- digit price action.

[00:10:45]But anyway, so here's the same analyst.

[00:10:46]CW says, "XRP BTC has maintained an 8-year downtrend channel. Uh, in this cycle, it will break this trend and form a new one. The real rally after eight years is about to begin.

[00:11:00]So, we're close to the upper trend line.

[00:11:02]We just haven't had our candle yet. And we're close to that thanks to you know what happened. This is you know what this green candle is right here.

[00:11:08]November 2024.

[00:11:10]Ah, you love to see it because we were told XRP was just going to keep falling towards zero against Bitcoin. That's what the idiot said. And we were told, what were we told? XRP was dead. Why?

[00:11:19]Because the price was low. Price low means asset dead forever. That's what that's how the stupid minds the typical lim retailers think. It is not true.

[00:11:27]That's not how this works. Here's a newsletter from Crypto Insight UK. I want to share another segment here. I shared a a segment in a a different segment in a different video the other day, but in this case, he's actually primarily here talking about uh um an accumulation pattern completing. And so he wrote here, this is the weekly time frame, and there is a lot going on here.

[00:11:51]So, let me explain what I'm seeing.

[00:11:53]Firstly, I believe we have completed a woff accumulation pattern. Since then, we have been in what I would describe as the sign of strength phase for quite a long period of time. Okay, so this is what I was referencing at the outset of the video. Here's the schematic for WOFF accumulation and the SOS right here.

[00:12:11]Sign of strength. That's where he believes we likely are as XRP holders.

[00:12:16]So, you're mostly through the schematic.

[00:12:18]You're mostly through this this chart formation, which means maybe you have to wait a little bit longer. Maybe there's a little bit more chop sideways. it could go down a little bit, but you do ultimately get that breakout if if he's indeed correct about this. He thinks it's just nothing more than additional accumulation. And so he says we have essentially been trapped between what was support back in 2018, which then became resistance from 2019 right through to the present day and previous resistance from 2021 that has now flipped into support. Okay, so I will pause to say Crypto Insight UK is correct about this. He's he's absolutely nailing this. And the way that I dumb it down, since I'm not a chart guy, I just word it as, you know, um eventually if you just hold on to a coin long enough, in this case, obviously XRP, and as long as we continue to be right, it continues to be adopted and more money flows into the space, you end up at a point where XRP rockets and then it comes back down to test, yes, what is resistance that becomes support. But the way I always word it is it just it ends up landing on a new plateau. Like it's it ends up trading within a new range that's higher than the range that it was in in the previous cycle. It just generally speaking, that's how it's unfolds. It it unfolds.

[00:13:31]And so that's all that we're actually seeing here. Now, it's been a longer time for us to wait for a couple reasons.

[00:13:39]Obviously, the SEC lawsuit. Uh also second reason, XRP did rocket rocket like 80,000% two cycles ago. So maybe it did need a little bit longer before it could finally have an opportunity to break out. But I'm telling you, even if you you don't like that it's taken this long, uh, fair enough. You don't have to like it. But does that mean it's broken?

[00:13:59]Hell no. This is this is normal in investing. It's just that when it comes to crypto, there there's only so much data because the asset class has only existed for 17 years. You know, XRP is almost 14 years old. So pretty young here. So for for XRP to have been consolidating like this for like most of its existence, well, you know, one day there's going to be 50 years worth of data for XRP. One day there's going to be 50, not just 50, but a hundred years worth of data for XRP. You can they'll look back and talk about the early days when it consolidated for eight, nine years, whatever it ends up being. Historically, it's it's it's not going to end up being perceived as weird. And this stuff happens in charts just in general in other asset classes anyway. Nothing's weird or wacky or broken here.

[00:14:45]Everything's actually fine. It's just that people don't like waiting this long. Anyway, then he says, "Right now, we find ourselves sitting almost directly on top of that support level around 3.387%."

[00:14:56]By the way, I'll pause to note XRP dominance before it burst in 2024, late 2024. It was around 1% of the entire market and it was higher. I think it got up closer to closer to maybe 5% when it was peaking. I can't remember exactly.

[00:15:10]Maybe was like 5 and a half percent. I don't remember. So, but so now it's kind of landed, you know, between that 3.387% as he posted this. Um, that's pretty good. There are lots of assets out there, folks. And this is before it runs. Wait until you get into the euphoric moment and there's huge green candles and everybody's throwing money at it. That could get up to like 12%, 15%, 16% maybe. That wouldn't surprise me if it happens. That's not a prediction, I admit. I don't know, but that wouldn't surprise me just from a historical perspective. Anyway, then he says, "If we look at the structure itself, what we can see is a descending wedge pattern forming, which is traditionally considered a reversal pattern. At the same time, volume has been diminishing as price compresses into support. Now, if you zoom in from the weekly to the daily time frame, something else starts to appear. We are beginning to see an uptick in volume right on top of the support level that we have been discussing. We are also potentially setting up for a weekly bullish cross while the RSI on the weekly has already broken the strength of its current downtrend. There are a lot of signals here suggesting that XRP dominance could be preparing for a significant move. And if anything close to what I am suggesting actually plays out, then the amount of capital that would need to flow into XRP to drive that move would be substantial.

[00:16:29]When you then combine that with everything we have already discussed around XLM tokenization, regulatory developments, RLUSD, and the broader XRP narrative, it becomes quite easy to understand why I am excited by this setup. I did not want to go too deep into XRP again because I've already spent a large part of this newsletter discussing it, but purely from a technical perspective, this chart looks beautiful to me. So, think about that.

[00:16:53]Think about how everything else is lining up with macro, with crypto specifically, various trading pairs like I've been highlighting last video, this video, all sorts of stuff. It's very obvious that we are in this moment. It's this inflection point. At least it's coming up. If it's not literally here imminently, it's it's it's going to be coming up based on historic precedent and based on what we know macro factors do when it comes to human behavior in markets. We should absolutely expect that there is going to be that final burst and XRP is going to be a part of this. It's absurd to think otherwise.

[00:17:22]That's my opinion. 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.