XRP Prints Gravestone Doji On Weekly Timeframe — What This Means For Price

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP has started the new year with an interesting amount of upside boost, following weeks of consistent bearish movement that ended in 2025. Amid the modest bullish sentiment in the market, a recent evaluation has surfaced, which proffers a cautious outlook on the XRP price. Related Reading Ripple Builds ‘Next Amazon’ With XRP At The Center, Says Crypto CEO 1 day ago What Does The Gravestone Doji Reveal? In a recent post on X, popular analyst Ali Martinez shares that a candlestick — specifically the gravestone Doji — has appeared on XRP’s weekly chart. While a standard doji candle typically tells a story of indecision between the buyers and sellers of an asset, a gravestone doji tells a different tale, in that the three defining features: the open, close, and low levels are at or very near the same price. The gravestone Doji also presents with a long upper wick (also referred to as a shadow) and has very little or no lower wicks. Based on its structure, it becomes apparent what must have occurred in the market. Source: @alicharts on X A long upper wick is typically a sign of bearish rejection after the market has been initially dominated by buyers. Simply put, sellers stepped in aggressively to push prices back downwards, counteracting previous progress influenced by buyers. This, then, indicates the presence of significant resistance above, as the candlestick is unable to close above the open price. In this case, the Doji appears on a higher (weekly) timeframe, suggesting that this rejection from the upside carries significance for price. The upper wick extends towards the $2.41 price level, and sharply declines downwards, sending the price towards the $2.06 support. Nonetheless, it is worth noting that the appearance of a gravestone doji is not automatic bearish news. More accurately, it signals the loss of bullish strength, in turn reflecting hesitation or unwillingness among buyers, especially in the short to medium-term. Related Reading Chainlink Stuck In A Micro-Range As Traders Await A Clear Trigger 15 hours ago Key Levels To Watch As XRP Stands At Critical Point For the XRP price to become truly bearish, the weekly candle must close beneath the critical $2.00 threshold. When this happens, prices could fall to as low as $1.88, where the next support lies, indicating a bearish outlook in the short to midterm. On the other hand, the closure of the doji above $2.00 will give a glimmer of hope to the XRP price, as macroeconomic factors could come into play in injecting new demand into the market. In this case, the $2.10 – $2.30 resistance region must be overcome to allow a sustained uptrend. As of this writing, XRP trades at $2.08, reflecting a measly 0.31% percent move in the last 24 hours, per CoinMarketCap data. XRP trading at $2.0929 on the daily chart | Source: Tradingview.com Featured image from Flickr, chart from Tradingview