XRP: We're About To Find Out

Hinzugefügt: 2026-06-01

[00:00:00]Hello, this is Matt on the Moon Lambo channel. We are definitely at a decision point and we're about to find out exactly which way we're going to be going for the I don't know, not just short term, maybe more of like the midterm even. And uh what's going to determine that? Well, according to many chart analysts that I follow, the weekly close because this weekly close coming up this Sunday isn't just a weekly close, it's also a monthly close. This one is of tremendous importance and if we close above a key level, there's broad expectations that this this power that we've been seeing recently over the last few weeks or so, it's just going to persist. And if not, well, it doesn't mean that everything's going to hell in a hand basket, but it does mean that we may be consolidating here for much longer than many people would prefer.

[00:00:44]Uh, good news though is we are not anywhere even close to the realm of breaking anything on the higher time frame. Everything is going to be okay.

[00:00:52]plenty to unlock here in this latest Moon Lambo hot jam. But before going further, I do want to be clear. I do not have a financial background of any kind.

[00:01:00]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. As I record this video, it is 6:40 p.m. Central time, Friday, May 29th, 2026. So yeah, just a couple more days till that weekly close.

[00:01:22]You have XRP at $1.32, Bitcoin at $73,281.

[00:01:28]Now take a look at this. Market was going down, down, down. This is just XRP on the 20, it's 24-hour chart. Down, down, down, down, down. Then we get to here, and at 950 something happened, and you can see there's a big spike. And this is one of those instances where the crypto market actually genuinely did respond to a news item. Now, it wasn't a crazy move upward. It just kind of looks like we've been ranging, and we have been, of course, but the market definitely responded to this. Here's a headline from CNBC. Trump ends Iran meeting without announcing final determination on deal. Uh, President Trump ended a meeting in the White House situation room without announcing his final decision on whether to approve a deal to pause the threemonth-old Iran war. Uh, Trump earlier said he would be making his final determination during that meeting. And of course, Trump insisted, you know, the things that he's been insisting having to do with the straight hormuz that needs to be open, no tolls, uh they have to give up uh any sort of uranium that they have, promise to never make a nuclear weapons, so on and so forth. All of all of that would have to stand in order for a deal to go through. That's what he's still insisting here. Um but uh he he noted again, and this is the post, for the sake of time, I'm not going to read this, but this is the post from this morning where he indicated some of those things I just cited. Also, he apparently has ended the uh the blockade in the straight of Hormuz. So, that happened and he's saying, "Hey, I'm going to make a final determination, but he also already uh decided to stop the naval blockade in the straight of Hormoo." So, that's kind of fascinating. Uh I was surprised to see that he'd do that if he hadn't actually made the determination.

[00:03:04]Although, I guess he could just reinstate it again anyway if he so chose. But, this is the post on your screen. You can see 9:51 a.m. Central time. That's what the market responded to. same for XRP and Bitcoin. Uh prices just started going up right at that moment of 950. Uh kind of trended sideways down and then sideways kind of a little bit depending on which coin you're looking at. Uh but kind of interesting to see because you know most of the time anything happens in the markets and narratives are attached post hawk. The truth of the matter is like it's just people speculating markets move most of the time. So, uh, this one it lined up perfectly. It clearly did, uh, end up mattering. But, uh, if we get a complete resolution, it does make you wonder if we're going to see more powerful thrust to the upside. Uh, then there's this from the Kobes letter.

[00:03:48]Breaking US oil prices dropped below $87 a barrel for the first time since April 21st as President Trump says he is making a final determination on the Iran deal. So, we'll see, folks. And then we have this from chart analyst Mikey Bul Crypto XRP here. He wrote, "An upward bounce might follow after this retest."

[00:04:08]So, he's one of the analysts that is not in the camp of this thing's going closer to a dollar or perhaps even below a dollar. He thinks what is most probable is we're going to bounce to the upside and he's pointing towards above $2. Uh then we have this from Chart Nerd. He says the fibs are currently being respected. We've now wicked down below the 618 fib. Uh so that's $128 and are attempting to break above the 0.5 which is $1.33.

[00:04:34]Closes above $1.33 would clear the path toward $140 prior sending support.

[00:04:40]Rejection would send us back to the lower $1 $120 region. So 120s is what he wrote. So uh now of course he has not ceased his calls for warning, not a promise, but a warning that you could be seeing XRP much lower. Um I'm not going to rule anything out. Maybe he's right.

[00:04:57]I don't know. But I will say if that happens, I bet that the entire market's on fire. I stand by that. The the idea that XRP is going to go down to like 70 80 90 cents and it's just like in a vacuum going to do that that I I just I don't find that plausible. But if the market's going to move in tandem, okay, sure, fine. In which case, we'll talk about it if it happens. But I'm not exactly fearful of it. I'll just say that. Here's a post from chart analyst CW. Upward pressure on XRP in the futures market is exploding. Net buying of long positions is increasing explosively following the closing of short positions. And that was just from this morning. In fact, all three of these posts uh were from from this morning. Uh then we also have this uh this is a post from chart analyst Austin wrote, "Most people are overwhelmingly bearish right now. They will cry if XRP does this next." And he seems to be optimistic it's going to be happening, but he's pointing for XRP to move up to $185.

[00:05:54]So, we'll see. Uh it would be interesting to see if XRP [clears throat] follows XLM's move like I was talking about the other day based on that DTCC news. Um it is it [laughter] would be extra interesting because normally uh throughout history it's been the case that XLM follows XRP.

[00:06:12]I even noted like when uh XRP got its legal clarity in July 2023 that had nothing to do with XLM but both XRP and XLM pumped. They get treated the same.

[00:06:23]So, we'll see here folks. Um, then there was also this from chart analyst Kalali says, "XRP is showing incredible strength. XRP reaching $17 this bull run is not a crazy prediction. It will challenge Ethereum for its position in the rankings. Save this tweet. Time will reveal the truth." Okay. Well, I don't make price predictions. I do not know where the price of XRP is going. But 17 bucks ain't crazy. I'll tell you where I do agree firmly is this idea of XRP challenging Ethereum for that number two spot. I will not be surprised to see if that happens and and you know maybe it'll be like 2017 2018 where XRP does get the number two spot and it's shortlived but I I got to tell you even if that happens I'm not going to freaking care. I will be elated because if that happens and XRP really is uh matching Ethereum, we're gonna see some buck wild prices because even if even if Ethereum just got back to its all-time high, if if XRP matched that, you're already at 10 bucks roughly. Even if it just matched the previous all-time high from last cycle. And then if Ethereum does a 2x, it would be closer to $10,000. It's not a big ask. Well, then XRP, if it matches that, would be 20 bucks. So, if we get anywhere even close to that, I mean, I think a lot of people listening are going to be very, very happy. I will, if it gets that, I my god, I will have sold all of my XRP almost certainly.

[00:07:47]Uh, and then, of course, when we we'll enter a bare market at some point, and then I'm just going to dollar cost average back in for a span of years, just like I uh just like I did starting back in 2017. Just ride the roller coaster again, baby. That's what I'm saying. Because you know selling XRP doesn't mean that I'm not long XRP in terms of like is this thing viable? Is it going to keep taking over the world?

[00:08:07]It has nothing to do with that. It has to do with XRP is now an outsized portion of my personal net worth. I must act. Uh that that's all it would be. But uh I I I will still continue to believe XRP is going to dominate until there's evidence to the contrary. But what I keep seeing is that XRP's utility has only increased over its lifespan. It it's you know it's you realize you realize right XRP is days away from its 14th birthday. I think it was June 2nd.

[00:08:32]I want to say it was June 2nd 2012 is when it was created. Uh it wasn't launched publicly at that point but that's considered the birthday. Um we're almost there. But throughout history utility has only increased. Adoption has only increased. It stayed in the top 10 coins by market cap despite an SEC lawsuit. I just don't know how you could look at XRP and be like that's a that's a bad long-term hold in crypto. Like, get the [ __ ] out of here, you dumbass.

[00:08:56]Uh, here's a post from Crypico. This is a great post. He says, "XRP is where emotions go to die. You can hate XRP all you want." And by the way, those toxic Bitcoin maximalists, you know, they do.

[00:09:08]The bunch of unsophisticated, knuckle dragging, mouth breathing trogodites with cashewsized brains can't even get their own shirt on in the morning without help from another. Wearing a helmet for their safety, and of course, Velcro shoes. living under a bridge, staying warm next to a dumpster fire, charging people to cross the bridge in Bitcoin, which at times of high congestion could cost over $50 per transaction and over 24-hour wait.

[00:09:34]Dumbass Bitcoin toxic maxi trolls. So, when he says, "You can hate XRP all you want." Yeah, they can and they do, but they're idiot sticks. Says that chart, the chart does not care. That is the entire point. That part gets a little golf clap. Actually, most people stopped analyzing this chart because they emotionally hate the asset. They confuse disgust with analysis. They think ignoring a structure makes the structure disappear. It does not. Since 2017, XRP has been moving inside a large structural map. Expansion, rejection, compression, breakout, reset, and now another test of the range. The crowd sees an old hated coin. I see a chart still respecting its long-term architecture while sentiment is buried.

[00:10:25]This is not love. This is not hate. This is not a fan club. This is structure.

[00:10:30]And hated charts usually do not need the crowd's permission before they move.

[00:10:37]Yep, that does sound about right. And I will say so XRP is definitely one of the most hated coins in existence, but but it's also one of the most loved coins in existence with one of the largest f I mean I would argue it's I want to see if anybody's got firm data on this. I'd love to know. I suspect that the Bitcoin community may be the largest. Now they're also like the douchiest. Uh but I do think the Bitcoin community is the largest. I would guess that the XRP community is actually the second largest. I just I don't know about you guys, like there are some people that are passionate about Ethereum. Uh I don't really just living on X, I don't really get the sense that uh their community is like really as into their thing as we are into XRP. And I don't get this. Maybe it's just because of the size. Maybe maybe it really is just the case that there's more numbers here. I don't know. Uh maybe it's the case that we just have such strong conviction and we just get attacked from all angles unlike any other community. I don't know. There's a number of things it could be. But regardless, the chart is the chart. He's right about this. It's just been consolidating. It's not going to stay here forever. It's been a long, long time. I get that. But the best is yet ahead. Uh here's a post from Matthew Highland. The decision point indeed.

[00:11:49]Here you go, folks. The decision point decision point here for Bitcoin is $74,400.

[00:11:55]If it can hold it on weekly/monly, probably will launch it to $90,000 in early June. So folks, that's what I'm talking about. I've seen this perspective from a number of analysts. If we get a good week, weekly uh and monthly close, so that's just two days from now. If that happens, that's going to kind of set expectations for a while. In fact, chart analyst psychedelic was talking about exactly this. He wrote the the following, and this is just from uh this morning. He said, "A lot of people are asking for invalidation, bro. Here it is. Bitcoin is right now between $73,000, a previous all-time high, and $74,400, April 2025 low. Basically no man's land.

[00:12:41]One weekly close slightly below $74,000 calls for alertness and defensiveness with two weekly closes below. That's a trend change. If we were to close between $73,000 and $74,400, we would want to see a decent recovery early in the next week. If we c if we confirm the trend change, then I would definitely expect quite deep into the 60,000s and a longer time for this bottom to play out. So, folks, that's what I was referencing earlier on. I've seen that that sentiment either exactly the same or very similar from multiple chart analysts. So fingers crossed here folks. If we do have a close below that key level 744, okay, not the end of the world, but according to him, if you get two like, okay, directionally, this isn't good. Now, is that something that breaks what's happening on the higher time frame? Does that mean that all of the great macro factors no longer matter and we can't have nice things? No, it doesn't mean that. It doesn't mean that.

[00:13:42]Macro will still win. We're just talking about what's going to happen basically in not even the short term as much as like the medium term. We could have to suffer through like a not so fun summer perhaps. So we we'll see here.

[00:13:55]Uh so anyway, he wrote then um regardless though, I think the bottom is in. I have strong opinions and conviction and I do not [ __ ] flip-flop like so many others on here.

[00:14:09]But if the charts tell us something, then they tell us something until that moment is on. So, we'll see, folks. I ain't exactly afraid, though. It's so obvious the best is yet ahead. 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.