When I zoom out on the daily, I see a parabolic FOMO-spike eoy 2018. Absolutelly crazy. Unsustainable.
Then I see a hard sell off, full bear controll and the drop of price to exactly where it came from in August and September 2018 - a double bottom.
Now I see sideways market within the price range of the bullish move later in September 2018. 7 months (!) within the range of 0.27 - 0.58 until today.
If this is a bear market, where are the big sellers? Where are the huge sell offs today that happened first half of 2018?
I say they are gone. Whales of the lower price ranges either got out, or aren't willing to sell at these prices. The sell off of every bounce, but not lower, is sideways market. Low interest, bots doing their thing, until no sellers are left.
So to provide a counterargument in this new chart of yours: I say the bear market is over. We are in the sideways market where all sellers leave, but bulls aren't willing to accept lower prices. Every bounce is sold since 7 months. This leads to the beginning of the next bull market within the next months. XRP will breach its ATH at $3 either eoy 2019, or within 2020.
sideways market, bull market, bear market, sideways market ... now bear market again? Another 80% drop of value in XRP to $0.08? Why? Who would sell now? The few hodlers, like me, that are left? If thouse stuck longs are anything like me they will never sell a XRP below the dollar.