The Real Reason XRP Didn't Reach $1.00

we're all aware of what happened with ripple xrp coinbase Kraken uh binance what's what's happening with all of these different platforms right you understand coinbase and binance are still within a lawsuit to kind of explain um if they are trading non-uh uh unregistered Securities right um if and not really explain like if they're doing it just like you know get an understanding get a definition of if they are unregistered Securities or not right and what makes them that so that

you can get an understanding of what could be listed on their platform and what can't be listed on their platform it's a form of Regulation and I think that's a big deal right huge deal and we see what happened with xrp um labeled not a security fantastic right you see the push to xrp and it got all the way up to 94 cents and people were like hey this went down to 94 cents now it's back down to 74.

now it's back up to 80 85. it's going to go up to a dollar it's gonna push up to a dollar and we're gonna see this absolutely Skyrocket well it didn't right and there's a main reason as to why it didn't happen and maybe you know it maybe you don't but it's a very very simple reason now there's also other things that factor into what's happening with the price movement now um but when we're talking about specifically getting over that level of a dollar getting over that hump which

as well um but again xrp currently sitting at 74 cents it's down about uh 3.8 percent or four percent um we're seeing this at a 38 uh billion dollar market cap almost 39 billion dollar market cap with three billion dollars worth of volume in the last 24 hours still seeing a significant amount of volume that's going into it um now if we look over the last seven days the last seven days we saw this

absolutely Skyrocket you can see how it looks right it looks like it's creating like more of a bull flag scenario and people thought that things were going to just run right afterwards and that's usually the case right you see uh you know bullish momentum which skyrockets the market adds billions of dollars into the market um and then you see it consolidate for a little bit people settle in to buying more and then you see it Skyrocket again well that only happens if the market is ready for it and honestly the market was

not ready it's still not ready and um a lot of people look at when the bull market will happen a ton of people are pushing for 2024 hell some people are pushing for 2025 and if they're pushing for those levels those those uh those years you know that we are not ready for it yet we're still in the midst of uh trying to or still in like the middle of trying to understand what is a security and what is not what is cryptocurrency is it a different thing or not and you're also trying to understand what's

going on with inflation what's going on with the world what's going on with um you know interest rates what's going on with all these different things and if we don't get a full breakdown or a full definition as to what these things are are um we're not going to move in the direction that we want to see it move which is up so the main reason as to why xrp did not move is because the market was not ready and you can see that overall the market was not ready and we're not talking about the stock market

we're talking about the crypto Market the crypto Market was not ready things are not prepared for it and even though it's very very bullish momentum you've seen this in the past I talked about um you know ethereum within my live stream I talked about how they had the merge which the merge was probably the most one of the most anticipated things to happen within crypto what happened to ethereum as the merge happened it grew by a thousand dollars no no it didn't it grew by a couple of hundred of

dollars right and we saw it hit a the only thing that we can say that we gained from that is having a little bit more strength and you know having a higher support level because the support level before the lowest point was like eight hundred dollars right and when we saw Bitcoin get all the way down to 15 000.

um ethereum wasn't at 800 ethereum was at 800 when Bitcoin hit 17 000 right um and then you saw ethereum drop or sorry the merge happen and everything and now a thousand dollars it wouldn't find a way to go below a thousand dollars so it had a higher support level within that and that's all you saw but you expected to see something absolutely massive from it because it's the merge this is gonna absolutely change the crypto Market change the way we look at it change the way we use it all this

different stuff well it didn't right and it was big news but the market was not ready for it the market was still at more of a um to the downside and then with all the other things that were happening that's more to the downside but you know what didn't react in a way that everything else react ethereum right so it had a stronger support level but it didn't have a massive push so that's kind of what we're seeing here we see xrp with a stronger support level sitting around you know 70 cents 68 cents of a harder

support and you see it kind of uh leveling out at some of these areas because it has a stronger support level it doesn't mean that it's it's going to push up to a dollar right away um but when the market is ready it definitely will get to that point so you know all of this volume that we're seeing um the 14 billion dollars that we saw in a day and we're seeing three billion dollars that's flowing through this now um it doesn't mean that this is going to push this up to you know um uh you know one dollar or two dollars

or anything like that so that's the main reason as to why we are seeing you know or why we didn't see it get to a dollar now again if we looked at the entire thing or we looked at the last seven days it did push up to 94 cents if we were looking at the trading view right here it's only showing the bodies of the candlesticks um but it did push up to 94 cents and pushing up to 94 cents is a great feat um I understand that we will see retracements and we all know that we will see retracements and that's what we

saw and again it showed what the what the improved support level will be so don't think of it as a failure just because we didn't hit a dollar don't think of it as a failure because we didn't Skyrocket to a hundred million or 100 billion dollar market cap think of it as a success because we created a stronger support level for xrp and now as we see the market start to get into that uh the area where it is ready to blow up now xrp has much more strength behind it so anyways I don't know if you

guys agree with me if that's the reason why um it's really simple and that's what I'm seeing as I go into different things different articles different positions I see that time and time again where the market is just not ready you have the biggest news possible Market's just not ready we'll get there um I don't know what really has to be done whether it's going to be uh coinbase that gets out of the lawsuit binance it gets out of the lawsuit or whether that's going to last two years