Crypto analyst XRP CAPTAIN has stated that it is “too early to call for bear market” for XRP, urging market participants to reassess XRP’s technical structure before concluding. His comments were accompanied by a weekly XRP/USD chart from Bitstamp that outlines a clear multi-year ascending channel dating back to 2022.
According to the chart, XRP is currently trading near the lower boundary of this long-term upward channel, with price hovering around $1.37.
While recent price action has been negative and sentiment across the digital asset market has deteriorated, the analyst’s view is that the current move represents a retest of structural support rather than the beginning of a prolonged downturn.
The ascending parallel channel shown on the chart has consistently defined XRP’s macro trajectory for nearly four years. A significant upward impulse toward the upper resistance trendline has followed each previous interaction with the lower boundary. XRP CAPTAIN’s visual projection includes a move toward the upper portion of the channel, which currently sits above the $4.00 level.
#XRP too early to call for bear market 👀 pic.twitter.com/FiuqcMtqq4
— XRP CAPTAIN (@UniverseTwenty) February 23, 2026
Capitulation Signals and Market Sentiment
The broader market context adds weight to the debate. Bitcoin has recently declined toward the $65,000 level, and sentiment indicators such as the Fear & Greed Index have dropped to extremely low readings. Reports also indicate that approximately $908 million in realized losses were recorded within a single week across the market.
From a technical standpoint, such realized losses are typically considered lagging indicators. They often reflect capitulation, where weaker holders exit positions during periods of stress.
Notably, the $1.30–$1.40 range highlighted on XRP CAPTAIN’s chart aligns with long-standing support. The convergence of heavy realized losses and price holding at structural support forms the core of his argument that the bearish narrative may be premature.
Regulatory Clarity and Institutional Presence
Another factor distinguishing the current environment from previous bear cycles is regulatory certainty. The SEC case involving XRP concluded in August 2025, and spot XRP exchange-traded products have since entered the institutional landscape. Historically, extended bear markets in digital assets have often coincided with fundamental setbacks or unresolved legal uncertainty.
In contrast, the current decline appears to be influenced primarily by macroeconomic pressures, including a hawkish Federal Reserve stance and global trade concerns, rather than issues specific to XRP’s legal standing or utility.
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A Critical Pivot at $1.37
The $1.37 level shown on the weekly chart functions as a pivotal area. XRP CAPTAIN’s analysis suggests that as long as this multi-year trendline support remains intact, the broader bullish structure is technically preserved. The implication is that labeling the current correction as a confirmed bear market may overlook the higher-time-frame structure.
By emphasizing the long-term channel and the repeated historical reactions from its lower boundary, XRP CAPTAIN maintains that perspective is essential. With price positioned directly on major weekly support, he argues that it is simply too early to declare the start of a bear market.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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