Crypto analyst Will Taylor, founder of Cryptoinsightuk, says talk of an XRP bear market is premature, arguing that the token’s higher-time-frame structure and liquidity profile remain bullish despite extreme volatility and record liquidations.
“We have spent over a year above our 7-year resistance holding it as support,” he said, calling this setup “almost unprecedented for XRP and for any asset.” As long as that zone holds, he rejects the idea that the market has rolled into a confirmed long-term downtrend. “Until that support is lost […] you can’t convince me that we’re bearish. I just don’t believe that.”
Taylor uses Bitcoin as the macro anchor for the XRP thesis. He described the current BTC drawdown as a standard bull-market correction, noting that price is now sitting around a 30% pullback from the highs, similar to prior mid-cycle moves. He pointed out that the daily RSI is oversold and that the three-day RSI is at levels last seen near the $25,000 lows. “If we’re referring back to when momentum has felt this bad, it’s literally cycle lows,” he argued, while stressing that this does not guarantee an immediate reversal.
Against that backdrop, he characterizes XRP as simply ranging above long-term support. On the daily chart, he said XRP is “holding its range pretty well,” with price near the lower end of that structure. He framed the area around roughly $2 as historically attractive from a risk-reward perspective: “Bottom of the range is where people are scared, where sentiment’s low. These are the areas that are pretty decent.”
The liquidity map is central to his view. On lower time frames, Taylor sees some liquidity beneath recent lows, around $2.05–2.03, which could be swept without breaking the broader range. However, he stressed that the overwhelming concentration of resting liquidity lies far above spot. In the daily, he claimed that for XRP “the densest area of liquidity by an absolute long shot is above us […] dense all the way up to $4.20, $4.30 in dollars.”
Taylor also pointed to relative-value signals. Against Ethereum, XRP recently closed a weekly candle above the 0.000071 level, which he said “has trapped us down since August.” Versus Bitcoin, he highlighted that XRP has been “holding the range lows” and has finally logged a weekly close above a resistance cluster that capped price since early October. XRP dominance, he added, has broken out of a downtrend and closed back above a recent cluster, although he wants “one or two more weeks” of continuation to confirm a bullish cross.
For now, Taylor maintains that an XRP bear market would require a decisive loss of the long-term support zone and a very different liquidity and dominance picture. Until those conditions appear, he says, “there isn’t a factual argument” for a confirmed bear market—only predictions.
At press time, XRP traded at $2.11.
