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XRP IMPORTANT REMINDER - 14th December, 2024
🕑 Added 2024-12-14 17:26:36 +0000 UTCHello my friends,
Today, I would like to ask you to take a minute to read this Rob Art Letter update that was written on 19th July, 2023. Everything mentioned in it in regards to XRP is exactly what happened and is happening.
Here we go:
THE ROB ART LETTER 12
– 19TH JULY, 2023
Hello my friends,
I hope everyone is well and enjoying their day.
In our last letter, published last month on 16th June, we spoke about how it was important to ignore the negative news all around us, after big market crashes and simply stick to our plan and accumulate and wait, hold. BTC crashed from $31,000 to $24,000 and XRP retraced back down to $0.47.
That’s when the news struck about the SEC suing Binance and Coinbase, two largest and most recognized crypto exchanges in the world, for illegally selling unregistered securities – as they claim. The $4,000 BTC targets were back on the table and there was fear everywhere. What happened next?
BTC pumped to $31,840, thereby marking the highest price since the $69,000 top. More importantly, XRP was ruled a non-security by the judge, which is why exchanges like Coinbase, Crypto.com and others relisted it. What followed was a 100% pump in one day. XRP pumped from about $0.47 to $0.89.
Once again, we see the manipulation of narratives and targeted news. Now that these pumps came in and BTC is up 100%, we have Cathie Wood, the CEO of ARK, predicting a $1.5 million Bitcoin price target.
You read that right: $1,500,000
Typical headlines. Typical institutional behavior and sudden shift in market sentiment, from the so called respected household names and ‘financial experts’.
Of course BTC will not pump anywhere near that price, it will top much sooner after a nice pump and then crash roughly 70%-90% again. Sadly, the news headlines are going to get even more hype-like as the market climbs higher. The price targets are going to get out of control, the Jim Cramers of the world will be all over the place spewing nothing buy fantastic predictions and other positive claptrap, and the retail investor will be back in droves, buying and getting dumped on by the institutional machine. Suddenly, everyone will forget about the ‘crypto is dead’ headlines and magazine covers covering crypto being compared to a lifeless desert or a mass extinction event with meteorites striking the Earth. It will all once again be about ‘scarcity of Bitcoin’ and ‘the problems some coin is solving’, ‘transaction speed and cost’, all that good stuff that will make people buy, feel safe about their investment and hold as they get dumped on. This is why we train our brains to think like the institutional investor. As I like to say, we play, we don’t get played.
We spoke about all of this several times in our past letters and market updates, you can go back and read them. You will see how the current market conditions and sentiment is exactly what we expected it to be, once the pumps came in. Don’t forget how terrible the headlines and narratives were when we were buying in the macro accumulation phase and ignoring all the noise that was supposed to make us get bored or scared, to make sure we, the retail investor, don’t pump the price until the institutions have bought where they wanted to buy.
However, we have more important things to talk about today and that’s the situation with XRP and Ripple.
What happened in courts recently is a very important milestone, as it led to the mass relisting of XRP on the top crypto exchanges worldwide. This is crucial because now, when the FOMO kicks and the euphoria stage peaks, naïve newcomers and inexperienced investors, emotional buyers will have easy access to XRP. As the price climbs, they will be able to easily purchase XRP. Something they weren’t able to do in the last cycle. The fact the USA now has easy access to XRP via the Coinbase relisting, means that the number one economy in the world with the richest people and most amount of millionaires now can buy XRP. In addition to this, if Robinhood lists XRP, it will contribute to more easy access to XRP. People who trade and invest in traditional markets, will be able to buy XRP without having to register on a crypto exchange. Please keep in mind how well coins like ADA pumped last cycle, the ones that were on Robinhood…
In addition to that, XRP no longer has the SEC thundercloud hanging over it, threatening to flash lightning bolts and rain on our parade so to speak. The retail and institutional buyer, no longer has a serious reason to stay away from the project. This is a major factor. Why? Well, remember how hard ADA pumped in the last cycle or DOGE? The main catalyst was XRP investors dumping their bags due to the SEC lawsuit and jumping ship. As many XRP influencers held ADA or DOGE, the XRP community was directed to those coins. ADA then went crazy. DOGE even crazier as Elon Musk was pumping it and his fans and Tesla investors were buying it up.
Also, let’s not forget that XRP is now the only blue chip coin with regulatory clarity. As the CEO of Ripple, Brad Garlinghouse has stated, XRP is not a security or an investment contract by law now. BY LAW. It is now law…
What does this mean for our XRP bags? Do I expect an immediate pump? No, as historically it only pumps with the rest of the market when strong bullish momentum kicks in. But it does mean that I believe it will pump well when it’s time and complete the W pattern we have been speaking about since 2020. This means all we have to do now is be patient, not FOMO into green candles, DCA if we get good crashes, hold and then sell for a tidy profit. It will take time.
Be well my friends.
Sending my love,
Rob
That is is the end of that letter. As you can see, we predicted what is happening right now very well. So we know what to expect next.
Comments
Christina Stallworth
Thank you Rob! I'm so thankful I found your channel on YouTube and became a member on Patreon. With your knowledge and guidance I've gained valuable insight into the crypto market and know that I'll be securing life changing money in the coming months. Without your help I don't think I would be able to accomplish this. Thank you for your willingness to help us all reach financial freedom and better our lives.
Laura
Thanks as always, Rob 🤙🏼
Pavel
Rob, want to thank you for the patience, the work and all the information you share with us. Mentally, a bull Run isn’t easy as it plays with our expectations, fears and so with our emotions. Having you around these times is a huge opportunity. Thank you
AD40
Thank you Rob ! Looking forward to navigating this next few months under your guidance. 💪🤝
Pablo rabe
WIZARD :)
Ryan mcloughlin
Thank you Rob. Looking forward to the next few months.
The man from Chicago
Bags have been packed for years now. 🫡🤝
