XRP Bear Market Premature, Analyst Says Despite Volatility

Will Taylor, founder of Cryptoinsightuk, maintains that discussions of an XRP bear market are premature, pointing to the token’s higher-time-frame structure and liquidity profile as fundamentally bullish despite extreme market volatility. In a video published on November 19, Taylor acknowledged the prevailing “doom and gloom” sentiment across cryptocurrency markets but insisted that from a technical perspective, “nothing’s really changed” for XRP. His analysis centers on XRP’s continued trading above a reclaimed multi-year resistance level that now functions as structural support.

“We have spent over a year above our 7-year resistance holding it as support,” Taylor stated, describing this setup as “almost unprecedented for XRP and for any asset.” He emphasized that as long as this critical support zone holds, the market cannot be considered in 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 asserted, highlighting the technical foundation of his bullish outlook.

Taylor anchors his XRP thesis within the broader Bitcoin market context, characterizing Bitcoin’s current drawdown as a standard bull-market correction. He noted that Bitcoin’s price currently sits approximately 30% below its recent highs, a pattern consistent with prior mid-cycle movements in cryptocurrency markets. This perspective frames the current market conditions as typical rather than catastrophic.

The analyst pointed to specific technical indicators supporting his view, noting that Bitcoin’s daily RSI has reached oversold territory while the three-day RSI sits 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,” Taylor argued, while cautioning that this doesn’t guarantee an immediate reversal. Against this backdrop, he characterizes XRP as simply ranging above long-term support, with the daily chart showing XRP “holding its range pretty well” near the structure’s lower end.

The liquidity map forms a central pillar of Taylor’s bullish XRP outlook. On lower time frames, he identifies some liquidity beneath recent lows around $2.05–2.03, which could potentially be swept without breaking the broader range structure. However, he stressed that the overwhelming concentration of resting liquidity lies significantly above current spot prices.

“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 claimed regarding XRP’s daily chart. He explained that this liquidity distribution matters fundamentally because market makers and exchanges maximize revenue where positions are opened and closed, not at stagnant price levels. “They make money when contracts are opened and closed. They don’t give a [expletive] whether the price goes up or down,” he stated bluntly.

This market structure, according to Taylor, creates statistical probability favoring price movement toward crowded liquidity pockets. “You have to play the four out of five chance that it is going to go into the dense area of liquidity,” he advised, framing 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,” Taylor noted, suggesting current levels represent opportunity rather than danger.

Taylor also highlighted relative-value signals supporting his XRP thesis. 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 noted that XRP has been “holding the range lows” and achieved a weekly close above a resistance cluster that had capped price movement since early October.

XRP dominance has broken out of a downtrend and closed back above a recent cluster, though Taylor wants “one or two more weeks” of continuation to confirm a bullish cross. Most significantly, he underscored that this technical structure has held despite what he described as “the largest liquidation event in history of crypto” on October 10. While the FTX collapse saw approximately $2 billion in leveraged positions liquidated, the October 10 move liquidated roughly $20 billion yet failed to push XRP into sustained breakdown.

The sharp wick lower was “instantly bought back to the upside,” and the range was reclaimed soon after, demonstrating remarkable resilience. “Things like XRP are looking super bullish here,” Taylor concluded. “I think XRP is going to blow the doors off people’s expectations.” For now, Taylor maintains that an XRP bear market would require a decisive loss of the long-term support zone and a fundamentally different liquidity and dominance picture. Until those conditions materialize, he asserts “there isn’t a factual argument” for a confirmed bear market—only predictions. At press time, XRP traded at $2.11.