Crypto analyst Will Taylor, known as Cryptoinsightuk on X, said XRP’s market- 
cap dominance still shows a bullish structure despite its recent pullback from 
a key range high. His latest chart of XRP.D maps a potential long-term move 
toward 31.26% dominance, far above the current area near 3.315%. Taylor’s 
argument centers on market structure rather than short-term sentiment. In the 
chart, XRP dominance is shown holding above a major horizontal level around 
3.315%, after breaking out from a multi-year range and failing to fully clear 
the 6.127% area. The weekly setup then compresses into a descending wedge, 
with the analyst suggesting that the retracement has not yet invalidated the 
broader breakout. “As I look at $XRP.D, I still struggle to feel bearish 
here,” Taylor wrote. “What I think we’re seeing is: a completed Wyckoff 
accumulation, a breakout above the major 3.315% resistance, a failed attempt 
to fully break through the 6.127% range high, then a pullback into a 
compressed descending wedge.” The Path To 31% Market Dominance For XRP The 
chart presents 6.127% as the next major range high, while 31.26% is marked 
much higher on the dominance scale as a possible upside objective. That 
framing implies an aggressive expansion in XRP’s share of the total crypto 
market if the analyst’s continuation thesis plays out. It does not require XRP 
alone to rise in isolation; dominance can also increase if XRP outperforms 
other major crypto assets during a broader rotation. Related Reading: XRP’s 
Big Buyers Returned In April But left In May: Capital Inflows Data Explains 
The Shift Taylor’s focus is on the behavior after the failed push through 
6.127%. Rather than seeing the rejection as evidence of distribution, he 
described the current structure as compression. In his view, a decisive 
bearish breakdown would likely look different, with stronger downside momentum 
and heavier sell pressure. “To me, that matters,” he said. “Because descending 
wedges are often reversal / continuation structures, especially when they’re 
paired with diminishing volume. If sellers were truly in control, I’d expect 
to see expanding downside volatility and aggressive sell volume, not 
compression.” The chart also includes RSI, which has been trending lower 
alongside price compression. Taylor argued that this does not yet represent a 
full structural breakdown. Instead, he said the indicator appears to be 
compressing in its own downtrend while XRP dominance holds above the breakout 
zone. That distinction is central to his thesis. A market that breaks out, 
rejects at a higher resistance, then consolidates above former resistance can 
still be read as constructive, provided the former breakout level is defended. 
In this case, the 3.315% zone is the key reference point. A sustained loss of 
that area would weaken the continuation argument, while a breakout from the 
wedge could bring the 6.127% range high back into focus. The Wyckoff Thesis 
The Wyckoff labels on Taylor’s chart are central to the bullish reading. The 
structure marks a long accumulation sequence beginning with preliminary 
support, or PS, followed by a selling climax and secondary test around the 
2020–2021 lows. The subsequent automatic rally, secondary test and “spring” 
are presented as the base-building phase before XRP dominance reclaimed higher 
ground. Related Reading: Solana ETF Falls Behind As XRP Collects More 
Cash—Here’s The Catalyst Driving The Split From there, the chart identifies a 
move over the “creek”, a Wyckoff term often used to describe the transition 
out of an accumulation range, followed by a sign of strength near the 6.127% 
range high. The latest pullback is labeled as an LPS, or last point of 
support, which in Wyckoff analysis is typically watched as a potential higher- 
low area before continuation. That makes the 31.26% marker more than a loose 
upside arrow in Taylor’s framing. The chart is effectively arguing that XRP 
dominance has moved from accumulation into markup, with the current descending 
wedge serving as a possible consolidation above the breakout zone rather than 
evidence of failed demand. The bullish case depends on that LPS interpretation 
holding; if the structure breaks back below the reclaimed 3.315% level, the 
Wyckoff continuation thesis would become harder to defend. Taylor also framed 
the setup as one that may need a catalyst. “It honestly feels like XRP 
dominance is waiting for a catalyst before attempting another move higher,” he 
wrote. “I know this goes against a lot of current sentiment and market 
interpretation, but I’d genuinely love to hear the bearish argument from here 
structurally, because right now I still see more signs pointing toward bullish 
continuation than full distribution.” The 31.26% marker gives the chart its 
most striking implication, but the nearer technical question is whether XRP 
dominance can continue to hold the reclaimed 3.315% level and resolve the 
wedge to the upside. For now, Taylor’s read is clear: the structure has pulled 
back, but in his view, it has not yet broken. At press time, XRP traded at 
$1.36. Featured image created with DALL.E, chart from TradingView.com

Crypto analyst Will Taylor, known as Cryptoinsightuk on X, said XRP’s market- cap dominance still shows a bullish structure despite its recent pullback from a key range high. His latest chart of XRP.D maps a potential long-term move toward 31.26% dominance, far above the current area near 3.315%. Taylor’s argument centers on market structure rather &#8230;

Analyst Maps XRP’s Path To 31% Of The Entire Crypto Market

Under the American Reserve Modernization Act of 2026, Bitcoin must be held for 
a minimum of 20 years unless used to slash national debt.

Under the American Reserve Modernization Act of 2026, Bitcoin must be held for a minimum of 20 years unless used to slash national debt.

US lawmakers renew strategic Bitcoin reserve push with ARMA bill

Fantasy.top, Everclear and ZERO Network announced they were winding down on 
Thursday, adding to a growing list of crypto companies that have closed this 
year.

Fantasy.top, Everclear and ZERO Network announced they were winding down on Thursday, adding to a growing list of crypto companies that have closed this year.

5 crypto firms wind down this week amid ongoing market slump

The significant drop in illegal crossings and rise in self-deportations under 
Trump could reshape U.S. immigration policy and influence crypto remittances.
The post DHS reports 3M illegal immigrant departures, 94% drop in crossings 
under Trump appeared first on Crypto Briefing.

The significant drop in illegal crossings and rise in self-deportations under Trump could reshape U.S. immigration policy and influence crypto remittances. The post DHS reports 3M illegal immigrant departures, 94% drop in crossings under Trump appeared first on Crypto Briefing.

DHS reports 3M illegal immigrant departures, 94% drop in crossings under Trump

The rising costs of AI infrastructure, driven by memory price surges, could 
reshape profit distribution and investment strategies in tech sectors.
The post Nvidia&#8217;s Vera Rubin rack priced at $7.8M, nearly double the Blackwell 
generation appeared first on Crypto Briefing.

The rising costs of AI infrastructure, driven by memory price surges, could reshape profit distribution and investment strategies in tech sectors. The post Nvidia&#8217;s Vera Rubin rack priced at $7.8M, nearly double the Blackwell generation appeared first on Crypto Briefing.

Nvidia’s Vera Rubin rack priced at $7.8M, nearly double the Blackwell generation

XRP needs to push past $1.51 before any real breakout becomes possible, 
according to market commentator Matt Hughes — and one analyst thinks that 
moment could arrive this week, but not before the market knocks out the 
weakest holders first. A Pattern Years In The Making MichaelXBT, a widely 
followed crypto analyst, says XRP has spent months forming a falling wedge on 
its weekly chart — a structure that typically points toward an upside move 
once price breaks above the upper boundary. Related Reading: Zcash Soars 88% 
In 30 Days: Is ZEC The Stealth Winner Of This Crypto Cycle? The coin has been 
trapped in this pattern since July 2025, when it peaked at $3.66. Since then 
it has shed about 60%, landing near $1.37 amid a broader market selloff that 
took hold in October of that year. The upper boundary of the wedge stopped XRP 
cold multiple times. Attempts near $3 in late 2025 failed. A January 2026 push 
stalled at $2.41. Now, with price pressing into the narrowest part of the 
structure, MichaelXBT believes the next move &#8211; the &#8220;shakeout&#8221; &#8211; is close. XRP 
will shake you out this week. Then the breakout will begin. This is by design. 
They want the masses out. pic.twitter.com/wjtT3JRxDL — Crypto Michael 
(@MichaelXBT) May 20, 2026 What A Falling Wedge Signals A falling wedge forms 
when price slides between two downward-sloping lines that gradually narrow. 
Selling pressure tends to weaken as the pattern develops. When price finally 
breaks above the upper line, it often triggers a sharp move to the upside. 
That upper line currently sits around the $1.50 to $1.51 price range for XRP — 
a level Hughes described as the threshold the asset must clear before a 
breakout can be confirmed. XRP has not managed a clean close above that area. 
The pattern, by itself, does not guarantee a rally. But analysts who track 
this structure say the position of price at the apex — the tip of the wedge — 
tends to force a decision in one direction or the other. The Shakeout Before 
The Move MichaelXBT&#8217;s warning is less about the breakout itself and more about 
what happens right before it. He says the market is likely to push XRP lower 
first, flushing out holders who lack conviction. That kind of move, in his 
view, is deliberate — designed to clear retail investors before the main move 
begins. Other analysts raised a similar concern in March, arguing that the 
next major price action could break the resolve of most ordinary XRP buyers. 
Related Reading: Crypto Access To Banks In Focus After Trump’s New Executive 
Order Whether that shakeout plays out as predicted this week is anyone&#8217;s 
guess. For now, XRP sits at a crossroads, pressed against a structure that has 
been building for nearly a year. Featured image from Unsplash, chart from 
TradingView

XRP needs to push past $1.51 before any real breakout becomes possible, according to market commentator Matt Hughes — and one analyst thinks that moment could arrive this week, but not before the market knocks out the weakest holders first. A Pattern Years In The Making MichaelXBT, a widely followed crypto analyst, says XRP has &#8230;

Analyst Maps XRP’s Path To 31% Of The Entire Crypto Market

Comments