What’s up, guys? I hope you are having a fantastic
start to your week. Today we definitely have a lot to talk about. I mean, a lot has been happening
lately, and I don’t want you to miss out on any of it. So, in today’s video, we are going to
be talking all about it. Before we proceed, let’s quickly look at the XRP price today on
We can all see that we are at $0.5839 and still swimming in that red zone.
But so is the rest of the crypto market as well, so we have nothing to worry about here. That said,
let’s roll that beautiful intro and dive right in. As always, welcome back to Money Side- your
favorite crypto news channel. If you are new here, welcome to the XRP fam. Hit that ‘Subscribe’
button and turn on the notifications so that you don’t miss out on our daily crypto news updates.
Back to today’s topic, we are going to rev those engines with this tweet from @BCBacker that says,
“In the 2017 bull run, we had a big correction in June/July. I’ve said that story several times.
The sentiment was just like now. ‘Euphoria’ followed by ‘it’s the end of times.’ Many calling
for way lower prices ($700-$1200), which never came. Both 2017 & 2021, July, 1.618 fib.”
As we can all see in the graph that he shared right here, we have a crazy comparison of the
2017 and 2021 charts.
Evidently, in the charts, we can see that we exploded then came
back and retested the 1.618 fibs in 2017. Similarly, in 2021 we have witnessed the same
explosion then retested the 1.618 fib level again. But what came right after retesting this level
in 2017? We saw this massive explosion of price to the upside. It begs the question? Will
this same thing happen again in 2021? Well, only time will tell at the end of the day.
Moving forward to our following tweet, we have this one from @WClementelll, which
he tweeted saying, “Whale volume profile, great work from @whale_map. BTC sitting on
a key level of support here.” Now, guys, if you look at the graph, we can all see that
BTC is sitting on a critical support level, and we can see this is where most of the volume has
If the graph falls below this point, there isn’t much of volume near the $20,000
price level. But we can see that if we go lower to the $10,000 range, we have a lot
of volume around that point as well. So, all we can do is hope that we won’t fall below
this point right here as we can see the other area with a lot of volumes is closer to zero.
Now, we have this tweet from @FlowAkwa that says, “A few months after the tweet from April 5th (see
below), XRP is back at the crossing point between <2> Sin wave and <3> should be
supports instead of resistances. Retweet, that’s my call.
Time will tell.”
This is pretty crazy, actually, and we should be looking at a potential upside here from
the look of things. If we look at this graph, we bounced right back up heavily every time we
hit a resistance level. This could mean that we are potentially looking at an all-time high
very soon. Hopefully, that will come to pass. Another one from @XRP_Shark says, “I want to
repeat this again. My conservative target for XRP at the end of this bull run is $25-27. If
the lawsuit is resolved and utility comes in, then a $96-240 would be possible based on past
performance and according to the fib levels. Cheers.” We are all getting from all this
because all the indicators are pointing towards accumulation and the possible all-time high.
Now, I believe in this coming bull run, and if it, in fact, happens, we will possibly
see some 2/3 digits.
But I think that will only happen if we see the utility. What do you think,
guys? Let me know in the comments section below. Looking at our following tweet, we have this
pretty interesting one from @Mesawine1 that says, “BTC update: Bitcoin in a pretty standard
impulse. We made it to target; W2 is deep retrace. This makes me think W4 will retrace shallow
(382) and revisit the first drawn channel. Some educational content, targets, and my general
view of the BTC cycle in the chart below.” Now, basically, what this guy is trying to tell us
here is that we will go up in the next few weeks; in fact, we will go up two months to around
the $40,000 level before we crash back again to roughly above the $20,000 level.
As he is saying,
if this does play out, we will see an even bigger crash in the markets, which will terrify everyone.
Now, we have this tweet from @SirRobArtll1that. He tweeted, saying, “You should have bought XRP when
it crashed 97% and struck $0.10. But did you? You should have bought XRP when SEC crashed it
to $0.17. But did you? Something terrible may happen to the price now, and you’ll think the
bull market is over. You should buy then. But will you?” Basically, we are saying here that every
time there is a massive crash in the market, it is ideal for buying into the market. There have been
many levels where people should have bought into the markets but let these opportunities pass them.
From @X_anderson, we can see this tweet here, “How many years do you think they have worked
on CBDCs?” If you look at this thread, we can see sentiment from a couple of people who say,
since the inception of XRP in 2018.
We have others saying for generations, 30+ years. But the point
here is that they usually tell white lies about these kinds of things. They are prepared; there is
nothing like they are working on it now. They are just waiting for the right opening to launch.
Again from @SirRobArtll1, he tweeted saying, “The big XRP boom is coming! The crashes are only
opportunities to get ready for the big boom!” As you all know, this is the best way to make
money in the crypto market. You look for those openings where you can buy cheap and sell
high. But the sad part is that no one seems to buy during these openings at lower prices.
Market psychology is just always very crazy. Another tweet from @WClementelll says, “BTC
whale wallet inflows. Looks like they’ve been getting busy lately.” Now, this is just another
analysis right here. From the looks of things, the whales have been accumulating. They keep on
buying, but it seems like the graph continues to dip lower. And we can’t help it at this point.
Bitcoin is on the verge of a rather big crash. We might even revisit $5,000 in August.
If this is
how things are looking, we must see some huge news that will probably support the price. So, we
need to be prepared for any scenario possible. @UniverseTwenty, “XRP price minimum 3 Digit’s
after they win the Case 2021. 2030 XRP End Game $55,000.” We are talking about the
possible price of XRP 10 years from now. I’d say by this time; we will be talking six
figures XRP price. By this time, XRP will be the backbone of the new financial system. The
banks need the liquidity now and not in 2030, so we could even be talking like $10,000 minimum
But who knows? Many people probably think the XRP army is crazing or something for thinking
that XRP would match these figures. A couple of years ago, Bitcoin was selling at just a couple of
cents, and it got to its all-time high of $60,000. Now, as we wind up today’s video, let’s look at
this article from forkast.news that says the SEC and Ripple reschedule Hinman deposition
on Ethereum and XRP to July 27th. ‘The U.S. Securities and Exchange Commission (SEC)
and Ripple Labs have agreed to reschedule the deposition of William Hinman, the former head of
the SEC’s Division of Corporation Finance, to July 27th. Last week, U.S. Magistrate Judge Sarah
Netburn ruled to authorize Hinman’s deposition to proceed, with a delay to allow the SEC and
Ripple to agree on the scope of the deposition given the privilege issues involved. Hinman’s
deposition was originally scheduled for July 19th. “The parties have made substantial progress in
narrowing and resolving the privilege issues and plan to have additional meet and confer
discussions in the next few days to further narrow and resolve the issues relating to
Mr. Hinman’s deposition, without waiver of any party’s rights,” wrote Ripple’s defense
attorneys in a letter to Netburn on July 16th. The SEC earlier had sought to prevent Hinman
from testifying but failed to persuade Netburn that Hinman’s prior public statements were not
relevant to the agency’s lawsuit against Ripple. Defense attorneys successfully argued
that Hinman’s testimony could provide essential insights into the SEC’s position
on cryptocurrencies, including XRP.
Ripple is seeking to bolster its defense that the SEC
failed to provide “fair notice” that the agency would treat XRP differently from Bitcoin
and Ethereum — two cryptocurrencies that Hinman declared were not securities in a 2018
speech. With that in mind, Let’s take a look at the technical picture of XRP and Bitcoin!
Speculative play on the XRP Weekly chart.. If you look at the previous price action we have
a similar scenario setting up on the Weekly chart. In November 2020 price action broke out from
the mid Bollinger Band line and cleared the upper band in a parabolic fashion.
Upon trend reversal, it was the 50 day Moving Average that acted as support
and set XRP up for its April 2021 pump. Since April we have been selling off
hard and have once again found price action looking for support on the 50 day MA.
If the recipe is the same we should see an explosive reaction to these market conditions.
Now we are looking at daily Bitcoin chart. Depending on your bias and your personal
views & beliefs, analyzing bitcoin you main get absolutely opposite conclusions.
Being bearish biased and not believing in the recovery of a crypto market, analyzing
a price action on a daily chart , you may notice a falling parallel channel .
With a sequence of lower highs and lower lows, the price keeps trading in a bearish trend and we
may expect a continuation to new structure lows. Being a bullish biased trader and actively
purchasing the coins after the fall, you may perceive the current price action
as a consolidation & bullish accumulation. The price is trading within a horizontal trading
range and we are waiting for its resistance breakout as a trigger that the market
returns back to a global bullish trend . Who is right? We don't know.
Both parties have nice arguments. Subjectivity is a huge part of this game.
I will be a middle man guy and would treat a current price action as a consolidation and
But I do admit that bullish / bearish breakouts & continuation are equally possible.
Please keep in mind, We are not a licensed financial advisor. All videos on this channel
are intended for entertainment purposes only. Tell us what you think in the comment
section below and let's have a conversation. Thank you very much for watching. Don't forget
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