Crypto analyst Will Taylor, founder of Cryptoinsightuk, says talk of an XRP bear market is premature, arguing that the token\u2019s higher-time-frame structure and liquidity profile remain bullish despite extreme volatility and record liquidations.<\/p>\n
In a video published<\/a> on 19 November, Taylor acknowledged the \u201cdoom and gloom\u201d dominating crypto sentiment but insisted that, from a technical standpoint, \u201cnothing\u2019s really changed\u201d for XRP. His core claim is that XRP is still trading above a reclaimed multi-year resistance level that now acts as structural support.<\/p>\n \u201cWe have spent over a year above our 7-year resistance holding it as support,\u201d he said, calling this setup \u201calmost unprecedented for XRP and for any asset.\u201d As long as that zone holds, he rejects the idea that the market has rolled into a confirmed long-term downtrend. \u201cUntil that support is lost [\u2026] you can\u2019t convince me that we\u2019re bearish. I just don\u2019t believe that.\u201d<\/p>\n 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. \u201cIf we\u2019re referring back to when momentum has felt this bad, it\u2019s literally cycle lows,\u201d he argued, while stressing that this does not guarantee an immediate reversal.<\/p>\n Against that backdrop, he characterizes XRP as simply ranging above long-term support. On the daily chart, he said XRP is \u201cholding its range pretty well,\u201d with price near the lower end of that structure. He framed the area around roughly $2 as historically attractive from a risk-reward perspective: \u201cBottom of the range is where people are scared, where sentiment\u2019s low. These are the areas that are pretty decent.\u201d<\/p>\n The liquidity map is central to his view. On lower time frames, Taylor sees some liquidity beneath recent lows, around $2.05\u20132.03, 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 \u201cthe densest area of liquidity by an absolute long shot is above us [\u2026] dense all the way up to $4.20, $4.30 in dollars.\u201d<\/p>\n He argued that this distribution matters because market makers<\/a> and exchanges maximize revenue where positions are opened and closed, not at stagnant prices. \u201cThey make money when contracts are opened and closed. They don\u2019t give a [expletive] whether the price goes up or down,\u201d he said. In his view, that means price statistically gravitates toward the most crowded liquidity pockets: \u201cYou have to play the four out of five chance that it is going to go into the dense area of liquidity.\u201d<\/p>\n Taylor also pointed to relative-value signals. Against Ethereum, XRP recently closed a weekly candle above the 0.000071 level, which he said \u201chas trapped us down since August.\u201d Versus Bitcoin, he highlighted that XRP has been \u201cholding the range lows\u201d 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 \u201cone or two more weeks\u201d of continuation to confirm a bullish cross.<\/p>\n He underscored that this structure has held despite the October 10, \u201cthe largest liquidation event in history<\/a> of crypto.\u201d While the FTX collapse<\/a> saw about $2 billion in leveraged positions liquidated, the October 10 move liquidated roughly $20 billion and still failed to push XRP into a sustained breakdown.The sharp wick lower was \u201cinstantly bought back to the upside,\u201d and the range was reclaimed soon after. \u201cThings like XRP are looking super bullish here,\u201d he concluded. \u201cI think XRP is going to blow the doors off people\u2019s expectations.\u201d<\/p>\n 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, \u201cthere isn\u2019t a factual argument\u201d for a confirmed bear market\u2014only predictions.<\/p>\n At press time, XRP traded at $2.11.<\/p>","protected":false},"excerpt":{"rendered":" Crypto analyst Will Taylor, founder of Cryptoinsightuk, says talk of an XRP bear market is premature, arguing that the token\u2019s higher-time-frame structure and liquidity profile remain bullish despite extreme volatility and record liquidations. Is The XRP Bear Market Here? In a video published on 19 November, Taylor acknowledged the \u201cdoom and gloom\u201d dominating crypto sentiment […]<\/p>\n","protected":false},"author":0,"featured_media":114633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-114632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/114632"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=114632"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/114632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/114633"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=114632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=114632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=114632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}XRP Vs. The Rest Of Crypto<\/h2>\n