This is the 35th most frequent Lithuanian word.
taip
Yes.
The word 'taip' is used here as an affirmative particle meaning 'yes'.
Taip, aš sutinku.
Yes, I agree.
The word 'taip' is used here to denote 'so' or 'in this way', relating to a mentioned or implied context.
Ji klausė, ar aš taip manau.
She asked if I think so.
The word 'taip' indicates 'like this' or 'in this manner', describing the way something is done.