THE CRYPTO RALLY IS COMING AS JIM CRAMER TURNS BEARISH! HUGE RLUSD XRP LEDGER BANK INTEGRATION!

Tony Edward (0:05)

Hey folks, welcome into the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. I'm your host Tony Edward. On your way in, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify or Apple, please be sure to follow and leave a five star rating. Okay folks, I know right now the market is down, Bitcoin is down, but I have some very bullish news for you. Jim Cramer is bearish and you all know we have to inverse Cramer. We've seen this time and time again. If you recall, in the middle of summer, he came out and said, sell all your Bitcoin, Quantum is going to destroy Bitcoin. I believe he was interviewing someone from IBM. But anyway, he said he sold all his Bitcoin and what happened right after, maybe a few weeks after Bitcoin ripped higher and the market started climbing. Well, here he tweeted out yesterday, no stopping the bears right now.

So if you're a bear and you got shorts lined up, I would be careful because Inverse Cramer is going to play out here. So guys, we talked about the weekly close that took place on Sunday. It was very bullish. Bitcoin closed above the $82,800 price level, which was a key support level. It was the May high and that was very bullish. But we're seeing a lot of ranging and chopping, right? A lot of volatility. Bitcoin went below $80,000 once again. But as of recording, it's at $82,197.

So again, a lot of chop and ranging. And I believe that's going to set us up for the next move where the sentiment gets reset from greed to fear. We've seen this time and time again. Now that's not to say Bitcoin can dip down to $75K or $77K or whatever may be. But the point is, it's just building the support level. Because on the weekly chart, which is the higher time frame, of course, the MACD shows the bulls are in control. The RSI is not in the overbought zone, and the bullish divergence is playing out. If we jump back to the daily, the MACD shows the bears are in control, but they're losing momentum, and the RSI is literally in the neutral zone just chopping.

It reminds me of the action we saw in the summer, in July into August, and then it ripped higher.

I believe a big move is coming. You got confirmation on the charts, you got Jim Cramer turning bearish. So, it will take some time. We could see another two weeks of this. Honestly, it's going to be boring, it's going to be annoying, but then I believe we're going to rip higher. And like I said, on the daily chart, the MACD shows the bears are in control, but they're losing momentum, and the higher time frame is still bullish. So we got to be patient here, guys. I see the comments, people are starting to get dismayed, bored, and they don't realize what's happening. But this is where I tried to bring that knowledge and education, guys. Obviously, we don't have a crystal ball, but we can go according to the market principles, and even patterns we've seen historically. Now, one analyst on X who has like over 190,000 subscribers, and I followed him for a long time, says Bitcoin limit order is filled. He says the next target is 91k.

He's saying essentially, we did what we needed to do in this pullback, and we're going to bounce pretty soon. So I think he's spot on. Based on the charts now, because I want the prices to go up, right? I don't want it to be my bias, but rather what does the chart show us? And again, the higher time frame still showing us bullish confirmations. Now, folks, we have some very big news around Ripple and Rlusd. So Ripple announced Rlusd payments are becoming part of the banking infrastructure Fintechs already use. We're partnering with Cross River Bank to integrate Rlusd on the XRP ledger into its core banking platform, providing 24-7 settlement within payment networks and greater flexibility to settle intraday. So a couple of takeaways here, Ripple continues to form incredible partnerships with banks and Fintechs around the globe and are getting adoption of their stablecoin as well as the XRP ledger. Number two, we continue to see banks, Fintechs, stock exchanges, asset managers, they're all going in on crypto and blockchain tech. So it's a race right now. Everyone is looking to get their respective products that are blockchain powered live and in production and in the market, right? So really incredible stuff here. Now, you know, some people are going to say, Tony, I thought they were supposed to use XRP. Well, they can in certain ways, but I think the majority of people are going to use stablecoins. What's important, and I've been saying this for so long, and I don't think people still grasp what's going on here. Blockchains, you have to look at it through the lens of Metcalfe's law, network effects, even Reed's law. So the more building a blockchain gets on it, the more volume, the more utility, that's what gives it value and its native token value. This applies to the XRP ledger, to Ethereum, to Solana, and other blockchains, right? It's not that the token itself has to be used. In fact, when there's transactions happening on the blockchain, the token is used in different ways to provide liquidity, sometimes it's burning transaction fees, right? So it's not that it has to be at the forefront, it could be a passive utility. So please understand that because I know some people have the mindset, well, XRP is supposed to be used in every single... No, XRP is just an asset on a blockchain, right? That asset would not exist if the blockchain didn't exist. Same thing with Bitcoin, same thing with Ethereum. And for those who have this misnomer or misconception of how it's all supposed to work, understand the same standard Metcalfe's law, research that reads law, and how these blockchains will be valued. And this is where you want to see more utility on them. Now moving ahead, we have huge news from MasterCard. They have launched the Global Money Platform with BVNK Finance, enabling banks, fintechs and enterprises to offer stablecoin payments, local bank payouts, spend stablecoin linked cards, and multi-currency accounts through a single integration. Now, look at who's doing it. MasterCard. We know Visa is also doing it. Again, I mentioned the banks, the stock exchanges, the asset managers. You got the payment companies, the credit card companies. Everybody's in the race to build with blockchain tech. They're tokenizing, they're using stablecoins, they're launching crypto custody, crypto trading, and much more. So the payment companies, like MasterCard and Visa and others, they are looking to integrate stablecoins as much as possible to help move money faster. Instant Settlement, you guys know the benefits. So we continue to see incredible adoption here, folks. This is massive. Here's another example, Stripe and Plasma launch multi-currency stablecoin cards supporting the US dollar, euro and Great Britain pound and more across 30-plus countries.