XRP HOLDERS IS THIS THE TIGHT SQUEEZE WE'VE BEEN WAITING FOR?

Is XRP getting ready for a big price breakout? We're going to talk about everything we have at our disposal here today. We're going to deep dive into some institutional data that you're going to find very interesting. We're also going to take a look at what's going on outside of the charts with Brad Garlinghouse and Evernode. So, all of that in this video, guys. Jam-packed with insight and information. Definitely stay until the end of this video. A lot to get into, a lot to unpack. And as we roll into this weekend, this is kind of your, you know, end of the week summary of where we are, what's going on, and what's happening as we head further here into October with the elections coming up in early November. So, the first place that I want to start is right here on the chart. And you can see here, we're really trading in a tight box, a tight window. We got the breakout that happened on August 19th, and 20th, 23rd, 21st rather, 22nd. This was a huge rally. Our last time our XT Algo indicator flashed was right here at 110. Phenomenal opportunity to to buy the dip down here at 110. A lot of people ask me, will we get it again? Well, we're going to get into that. Uh but if you want to know what exactly is happening, you want to be ahead of the curve, you can get my trading indicator, link down below, xtalgo.com. I've had it for a while. We're also adding some new features to it very, very soon. It's going to be the same price, all of that. Um but on the chart right now, we're basically trading at the high end. We've got up to like 167, 168 on a quick wick. Right? As you can see up here to the upper range. But really, if you come back down, we've really been trading like at 150, 155. Right? These were just quick wicks. So, when I look at this chart, I mean, basically 155 is kind of the top end of our bar. And we're getting very close to the bottom end of our you know, uh tight range we've been trading in. So, right around like 127, right? And staying above 127 is going to be crucial in order to keep market structure intact. Uh 127 still going to be the important line in the sand. You can see we're kind of clinging onto our 100-day moving average. Where is it? And our 200-day moving average? 127. Okay? So, in my opinion, as long as we hold that 127 zone we're basically coiling up getting ready for a big move on XRP. Now, beyond the charts, and we'll get to Evernode here in a little bit. If you haven't hit the like button, definitely do so. Uh subscribe down below if you haven't already. All of that great stuff. Aside from all of that you know, a lot of people don't understand that the tools that the institutions have are just far beyond better than the tools that we have. So, this is institutional-grade data, guys. You can come in here and look at all the top coins. So, for XRP right now, our score is a 30. I'm going to tell you exactly what's going on. So, we've been basically showing a short on XRP since October 7th. Now, here's the good thing. See this level? We saw this on the other chart, right down in here at like 127, give or take, 130 range. Well, this level is where we've held the line. So, what we're waiting to see here right, on this chart is we're waiting for us to get some orange. Okay? And that would just mean a pullback to, you know, uh or excuse me, a bump up. Right? We we want to get some trends going the other direction. So, the minute we see an orange bar on this chart, this is a good time to go with the strength. Okay? Now if we look at some things, price versus 130-day moving average, it's still above it. Momentum, rate of change versus its own average, that's looking still solid. Um now, it's not beating the broader crypto index. That's the problem. XRP kind of having a had a rally on its own. If you come back out here, you can see kind of the market overall, just how healthy the market is right now. We are healthy, we're at 57, kind of relatively neutral. Unchanged from yesterday. Strongest sector right now is infrastructure. Your top coin is TIA. Uh, your weakest coin is, uh, REEDO right now that's being tracked. Our crypto index shows us, this is again, uh, the all chart. So it's a zoomed out perspective. We can go into the 6-month a little bit and, you know, get a little bit different data. But the overall market on the 6-month uh, it says here the last seven times it fell into healthy from above, the crypto index, um, move over the next 30 days was -3%. So basically it's highlighting where we are right now. We could probably see a little bit further downside risk. Right? And it was higher 29% of the time. This is a relatively small sample. Now when you zoom out, you could see here the market is still overall healthy. Where I think we are right now, we're somewhere in this range that we were back in 2023. Right? And and maybe even, you know, in 2023 early on in February, but if we look at it from a timetable standpoint, this is where we were in October 2023. We were slowly but surely creeping up before we went on a parabolic rally. I think that's where we are right now. We're just heating up on the markets. Um, and this is just, again, tons of data here, tons of great tools. Um, you can go over and check it out. It is called Market Vitals. There is a link down below. I highly encourage you guys to check out the free version, at least use it. Um, sign up, use the free version a little bit, and then if you ready to lever up, I mean, there are tons of different tools and indicators, and they show you how to use them all across the board. You can pop out different windows. You can even build out your own portfolio. So I've added some cryptos that I own here. And I can start to see um which cryptos I own that are strong buys, buys, neutral right now, and that are weak, right? Now, if I'm long-term bullish, let's say, on a hyperliquid or XRP, well, these are weak right now. I could start to really DCA, right? Or maybe I wait till they get into the neutral range where they're coming back up. And that's where I can really size into them. So, tons of different data that you can, you know, glean from this. These are 14 coins that I put into my portfolio. You can kind of see where they all are. They're scored. And it gives you a score versus the overall market. So, Market Vitals is, again, institutional data, guys. If you're a serious crypto investor, definitely check it out. Now, outside the charts, XRP in the spotlight as Ripple CEO Brad Garlinghouse reveals a bold move at Evernode NASDAQ debut. So, we recently had the debut. Um He pointed to some new options as XRP treasury company Evernode made it public um on the US stock market under ticker XRPN. That happened 2 days ago, um basically on Wednesday. He mentioned that the crypto uh token could be utilized more by implementing yield-generating strategies or introducing institutional investment products. His statement occurred as the company aims to provide investors with exposure to XRP via an active digital asset treasury. So, we'll be tracking this. Evernode has been very interesting to watch. Before they made their full name shift, uh the old ticker, Armada, um was moving up really nicely. Um now it's XRPN under the new ticker. It's come back down pretty significantly, but if you're bullish on XRP and you're looking to make a levered bet on XRP, then XRPN, your digital asset treasury company, is your play here in addition to owning XRP on spot. Now, I've got my automated trading strategies. I know I'm throwing a lot at you. You know, we've got um Market Vitals. We've got my indicator. Um we've got automated trading strategies. I've basically got something for everybody, man. So, these tools are all going to help you. If you're serious about investing in crypto and you're looking to gain that edge that you desperately need in this market in order to survive, go check out the links down below. Find what meets your goals and your ambitions, and let's keep winning together, guys. I appreciate you all for watching. We'll see you all in the next video.