Analyst Argues XRP Bear Market Claims Are Premature Despite Volatility

Crypto analyst Will Taylor argues that the idea of an XRP bear market is premature. He points out that:

XRP maintains a higher-time-frame bullish structure, trading above a crucial multi-year resistance level now acting as support.
Taylor dismisses claims of a long-term downtrend unless this support is decisively lost.
Analyzes Bitcoin as a macro anchor, describing its current drawdown as a typical bull-market correction.
Notes XRP's price is ranging above long-term support, with significant liquidity concentrated far above the current spot price, suggesting a potential upward move.
Highlights XRP's performance against Ethereum and Bitcoin, showing strength in recently closing above resistance levels.
XRP dominance has improved, though further confirmation is needed for a full bullish outlook.
The October 10 liquidation event didn't push XRP into a sustained breakdown, indicating resilience.

Taylor concludes that a confirmed bear market for XRP would require losing long-term support and changes in liquidity and dominance structures, which have not happened yet. At press time, XRP traded at $2.11.