English transcript

Andrew, I'm still got one interview left. So I don't think it would be prudent to give any hints.

And I think that there's a very good chance that the president will make an announcement

before Christmas. But it's his prerogative, whether it's before the Christmas holidays

and the New Year's. But things are moving along very well.

Hey, what's going on, Bullrunners? Welcome back to the channel. Ryan Huggins here,

a.k.a. WinWithRyan. Billions of dollars are vanishing from the world's biggest crypto

Bitcoin fund overnight, while XRP's trajectory frenzy just slammed on the brakes as well.

Is this the calm before the massive storm or a sign that the party's over?

With Bitcoin dipping below $90,000 and altcoins like XRP heading down to $2,

traders are whispering about a hidden reset that's wiping out weak hands right now.

I've got the breakdowns and the why that it matters for you today as well.

And big news, our Black Friday special has been extended all the way till Cyber Monday.

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Today, we'll be heading over to X to find out all the breaking crypto news today.

BlackRock execs perfectly normal as these billions of dollars are escaping the IBIT EFT

during the November drop.

XRP open interest has a dramatic drop of 59%.

And we will be jumping into the charts for XRP.

We're going to be taking a close look at the important areas of resistance

and support you need to know about right now.

Plus, we're going to be looking at our long-term and short-term momentum.

And so much more in today's video.

If you're like most people where you don't have the opportunity to spend hours a day

doing crypto research,

well, that is what we do for you every single day on this channel,

so make sure you subscribe right now.

And if you are still feeling bullish about this current bull run,

let us know by commenting 777 down below and smash that thumbs up.

Heading over to CoinMarketCap,

looking at the overall health of the crypto market today.

We are at $2.97 trillion total market cap.

We're down $3.97 trillion in the last 24 hours.

$106 billion to the trading volume last 24 hours.

Fear and greed at 20 out of 100.

Altcoin season index 24 out of 100.

Splashing Bitcoin season.

Bitcoin dominance at 58.7%.

Top 7 cryptos by total market cap.

No. 1, Bitcoin all the way down to $87,498.

No. 2, Ethereum at $28.71.

Tether at No. 3 for $1.

XRP at No. 4 at $2.07.

BNB at No. 5 for $838.

USDC moving up into the No. 6 spot from Solana at $1.

And of course, Solana at $128.

As you saw in the intro of today's video,

Scott Pescent says that there's a very good chance

that the president will be making an announcement before Christmas.

What will he be launching?

Is it going to be a new Federal Reserve chairman?

Is it going to be a Christmas stimulus check in your stocking?

We're going to find out soon.

Also breaking news,

someone is doing a lot of account set transactions on XRP Ledger recently,

even after Bitco stopped doing it.

As you can see, a huge spike into account sets.

And if we take a look deeper with Grok,

this generally indicates bulk wallet configurations

like multi-sig setups typically performed by institutions

rather than retail users.

This could potentially be Evernorth or another custodian

preparing for XRPL infrastructure for high volume operations

amid reports of a 30% network activity growth.

Breaking now, BlackRock executive says it's perfectly normal for IBIT

to see $2.3 billion worth of outflows during November.

He says it's normal because demand once pushed the ETF

near $100 billion worth of assets under management.

Cristiano Castro with BlackRock said the company's Bitcoin ETFs

have become one of its biggest revenue drivers,

calling the growth a big surprise

given how fast allocations surged this year.

In November, they logged $2.3 billion worth of outflows.

The two largest withdrawals came mid-month

with about 523 million leaving in November 18th

and roughly 463 million on November 14th.

He went on to say ETFs are very liquid and powerful instruments.

They exist to let people allocate capital and manage cash flow.

What we've seen is perfectly normal.

Any asset that starts to experience compression

usually has this effect,

especially in an instrument

that is heavily controlled by retail investors.

Investors in BlackRock's IBIT

now sit on a cumulative gain of about $3.2 billion

reversing their losses seen during Bitcoin's recent pullback.

IBIT and BlackRock's Ether ETF holders

were up nearly $40 billion at their peak in early October

before profits collapsed to just $630 million last week,

meaning most positions were close to breakeven

until the latest rebound.

Open interest dropping from $1.7 billion

to just $700 million.

That's basically traders pulling back hard on leverage bets

with funding rates sliding to near zero.

Why does this matter?

Well, open interest dropping like this

often means less hype and speculation,

which can lead to quieter, more stable moves

instead of wild swings,

but it's not all doom.

XRP ETFs from Grayscale and Franklin launched November 25,

pulling in $164 million on day one,

and that institutional cash could spark a rebound

if whales start accumulating again.

Check it out.

XRP in the charts.

We've continued to have a series of new lower highs

as we can see here,

and unfortunately, we've run into another lower high

over the last couple of days.

We did bounce off of that supply and demand zone

between 223 and 220.

We tried to surge through there multiple times.

Unfortunately, not enough buyers

to continue the rally to the upside.

As we can see right now,

price has continued to drop to the downside.

Currently, it's sitting at $2.07.

Are we heading back to $1.90?

It's a high probability here.

That's a great supply and demand zone.

Our short-term momentum has completed its rally up to the top,

meaning, unfortunately, not much more momentum

to the upside at this moment.

And when we turn off the mid-term momentum,

we can see now our short-term momentum has flashed to red.

Our long-term momentum has been bearish

as we've been talking about for a long time now

when we dropped back under the zero line here on October 6.

Until this breaks back above the zero line,

we are still going to be considering ourselves

long-term momentum-wise in that bearish posture.

Our three-day also has collapsed below the zero line.

And unfortunately, just last week,

we did actually break below the zero line

on the weekly charts as well.

Now, the only positive sign here

is that on the weekly charts,

our short-term momentum has zeroed out

and it is ready for a cycle rally back up to the top.

And also, our mid-term momentum has zeroed out as well.

So we're waiting to see the actual move to the upside on those.

As you can see on the daily charts,

we've completed that move for XRP.

And when we take a look at Bitcoin,

it has also received a full cycle.

And with Bitcoin, what we're keeping an eye on

is our 1100 exponential moving average

that we use as a support and resistance line as well.

Unfortunately, recently,

it officially broke to the downside on the 12-hour,

and it could not surge back to the upside above it for Bitcoin,

unfortunately, falling back to the low side,

leaving us the next timeframe

that it is potentially going to have as a support

is the daily 1100 exponential moving average,

which rallies all the way down to 75,000.

Now, it does not have to drop this far.

I'm just telling you where that line is currently residing.

And when we take a look at XRP on its 12-hour,

it's still holding as a support.

So right now, the 12-hour 1100 exponential moving

is still a potential support here at $2.03.

If we lose that, like I said, a dollar 90 is one of our areas that we really think it's potentially coming back to because if we take a look also at our 1100 moving average combined with our weekly spider line here, our spider lines chart, we can see the 1100 moving average has busted through another spider line here on its way up to the dollar 63 range and price of XRP is coming down to bounce off that dollar 90.

Again, if we lose that dollar 90 spider line, it could end up traveling all the way down to a dollar 65 where these could collide on a time and date path in the future around December 15.

That, of course, is the bearish outlook, but bullish.

We could be bouncing here, so this would be very positive.

If we could consider this a bounce line for the 1100 exponential moving average sitting at $2.03.

We can see right now on the 12-hour, our short-term momentum wave has turned down for that cycle reset.

Mid-term momentum in the white line also starting to turn to the downside.

Long-term momentum for just a moment.

Look at this.

Just a moment.

We could have gotten a spark to the upside, but unfortunately, we ran out of steam.

Open interest dropped off dramatically as we just read in that article.

We'll see what happens tomorrow morning when the markets open and the ETFs go live again for XRP.

Will we continue to have solid inflows or will we start to see some taking of profit like we saw on Bitcoin?

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