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XRP was trading at $1.05, and MoonLambo host said the mid-term adjustment was nearing completion

2026-08-07 00:48:38
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MoonLambo channel host Matt: The current stagnation of the cryptocurrency market is the end of the mid-term adjustment, not the beginning of a bear market.

The cryptocurrency market has recently stalled, but MoonLambo channel host Matt asserted that this marks the end of the mid-term adjustment, not the beginning of a long-term bear market. He paid special attention to the new Purchasing Managers 'Index (PMI) recorded in July of 55.6 and called it an important macroeconomic indicator in the digital asset field.

Macroscopic trends and the positioning of XRP

In the latest episode, Matt pointed out that XRP has entered a strong position not seen in nearly a decade. He believes that with the recent improvement in overall economic data, alternative currencies are expected to see a sharp rise, which may exceed the expectations of some bearish forecasts. When the show aired, XRP was trading at $1.05 and Bitcoin was hovering around $64,770. Both are in range fluctuations, and intraday prices fluctuate little. Despite low volatility, Matt said investor sentiment remains frustrated, but he believes the current consolidation period is a sign of accumulating opportunities rather than the end of the crypto cycle.

PMI breaks historical threshold

Matt highlighted that the PMI in July was 55.6, which was the first time in more than five years that the PMI exceeded the 55 mark. Generally, a PMI above 50 indicates economic growth, but Matt emphasized that 55 is the key critical point that affects the momentum of the crypto market. Based on past cycles, he pointed out that historically, the cryptocurrency market has usually regained its vitality three to six months after the PMI reaches this level. He linked these timelines to debt refinancing, increased market liquidity and potential shifts in risk appetite, which he expected could change as early as late 2026 or early 2027. Matt also mentioned the Russell 2000 Index, which has broken through since late December or early January, which he believes is evidence of money flowing into risky investments. He believes that the crypto market will often lag behind small-cap stocks in such trends because digital assets are at a higher risk level. Matt emphasized that a PMI above 55 may be the most reliable macro signal for the recovery of the crypto market, and predicted significant fluctuations in the coming months as overall economic sentiment turns optimistic.

Technical Analysis and Future Goals

Several analysts on the program pointed out technical signals that the market may usher in an upward trend. Analyst Recon mentioned the possibility of a breakthrough in copper prices, while a copper versus gold chart shows that the market is increasingly favoring assets that perform well during the expansion cycle. Regarding XRP, technical analyst CW said that regaining the $1.09 level would be a necessary condition for resuming a broader rally. According to data shared by analyst Ali Martinez and cited by Matt, holding support near $1.06 is expected to push prices to $1.35 and $1.64; a break below that zone could fall to $0.80 or even $0.62. Matt acknowledged that XRP could fall below $1 in the short term, but he does not expect a new cyclical low in the fourth quarter or delay market peaks until 2030. He reviewed other bullish forecasts, such as analyst Cryptollica's $20,000 price target for Ethereum and a forecast for XRP to reach $10 or higher, but emphasized that he did not give a specific forecast.

When discussing technical scenarios such as key resistance levels and market momentum, investors are increasingly diversifying their portfolios through platforms that provide a wider range of asset classes. A platform has become a practical solution that brings real-world assets such as stocks of major U.S. companies and commodities such as gold and silver to blockchain. The platform supports direct transactions through wallets, eliminating complex processes and intermediaries, and uses technology to obtain optimal exchange rates for users in real time.

Technical analysts believe that if XRP breaks through US$1.09 decisively, it will mark a return to bullish momentum; while US$1.06 support remains crucial to avoid a larger decline.

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