XRP has kicked off the new year with a notable upward push, following weeks of steady declines that ended in 2025. Despite the modestly positive market mood, a recent analysis offers a cautious view on XRP’s price.
What Does the Gravestone Doji Indicate?
In a recent post on X, analyst Ali Martinez pointed out that a gravestone doji candlestick has formed on XRP’s weekly chart. While a typical doji signals indecision between buyers and sellers, a gravestone doji tells a more specific story. Its defining features—the open, close, and low prices—are all at or very near the same level. This pattern also shows a long upper wick (or shadow) with little to no lower wick.
The structure reveals what likely happened in the market. A long upper wick often signals bearish rejection after buyers initially dominated. In other words, sellers stepped in aggressively to push prices back down, reversing earlier gains. This indicates strong resistance above, as the price couldn’t close higher than where it opened.
Since this doji appears on the weekly timeframe, the rejection carries greater significance. The upper wick reached toward $2.41 before a sharp decline toward the $2.06 support level. However, it’s important to note that a gravestone doji isn’t automatically bearish. More accurately, it signals weakening bullish momentum, reflecting hesitation or reluctance among buyers in the short to medium term.
Key Levels to Watch as XRP Reaches a Critical Point
For XRP’s outlook to turn definitively bearish, the weekly candle must close below the critical $2.00 threshold. If that happens, the price could drop to the next support around $1.88, suggesting a bearish short- to mid-term trend.
Conversely, if the doji closes above $2.00, it could offer some hope for XRP, especially if broader economic factors help spur new demand. In that scenario, the price would need to break through the $2.10–$2.30 resistance zone to sustain an upward trend.
At the time of writing, XRP is trading at $2.08, showing a slight 0.31% change over the past 24 hours, according to CoinMarketCap data.
Frequently Asked Questions
FAQs XRPs Gravestone Doji Pattern Price Implications
Beginner Questions
1 What is a gravestone doji pattern
A gravestone doji is a specific candlestick pattern on a price chart that looks like an upsidedown T It forms when the opening price low price and closing price are all very close together at the bottom of the candles range with a long upper wick extending high above It suggests that buyers pushed the price up significantly during the period but sellers forced it all the way back down by the close
2 What does it typically signal for a cryptocurrencys price
It is generally considered a bearish reversal signal especially when it appears after an uptrend It indicates that the buying pressure was completely overwhelmed by selling pressure at higher prices potentially signaling that the upward momentum is exhausted and a price decline may follow
3 Why is it called a gravestone doji
The name comes from its visual resemblance to a gravestone marker implying it could bury the prior bullish trend
Intermediate Practical Questions
4 XRP formed this on a weekly chart Why is that significant
Patterns on longer timeframes like weekly charts are considered more significant and reliable than those on shorter timeframes A weekly gravestone doji reflects a major struggle between buyers and sellers over an entire week suggesting a stronger potential shift in market sentiment
5 Does this pattern guarantee the price will drop
No it does not guarantee anything It is a warning signal not a certainty Technical analysis patterns indicate probabilities not certainties The signal needs confirmation from subsequent price action such as a followthrough decline in the next candle or a break below key support levels
6 What should I look for next to confirm a bearish move for XRP
Watch for
Next Candle Close A red candle closing below the gravestone dojis low
Volume High selling volume on the potential down move would add credibility
Support Break A drop below the nearest significant support level on the chart
Advanced Strategic Questions