XRP Displays Gravestone Doji on Weekly Chart – Implications for Pricing

XRP has kicked off the new year with an intriguing rise in price, following a lengthy period of bearish trends that wrapped up in 2025. Amid this moderate bullish sentiment, a recent analysis has emerged that suggests a cautious approach regarding XRP's price movement.

Key Takeaways:

XRP has shown some bullish movement at the beginning of the year but is facing significant price indicators.
The gravestone Doji candlestick points to potential hesitation among buyers and the presence of resistance.
A close below $2.00 indicates a bearish trend, with support at $1.88.
A close above $2.00 could lead to new market interest, requiring resistance levels around $2.10 – $2.30 to be broken for a sustained rally.

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Understanding the Gravestone Doji

In a recent update on X, renowned analyst Ali Martinez highlighted the emergence of a specific candlestick pattern known as the gravestone Doji on XRP's weekly chart. Unlike a typical doji candle, which represents indecision between buyers and sellers, the gravestone Doji tells a more distinctive story. This pattern is characterized by three key components: the opening, closing, and low prices are all very close or equal. Additionally, the gravestone Doji features a long upper wick (or shadow) with minimal or no lower wicks. This configuration provides insights into recent market activity.

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Source: @alicharts on X

A long upper wick often indicates that while buyers initially led the market, sellers aggressively intervened to push prices down, negating previous upward momentum. This pattern suggests significant resistance above, as the candlestick failed to close above the opening price. Given that the Doji appears on a higher timeframe (weekly), this rejection from the upper price levels carries substantial weight for potential price movements. The upper wick reaches towards the $2.41 mark before sharply declining to the $2.06 support. However, it's crucial to note that the gravestone Doji does not necessarily predict bearish outcomes; rather, it indicates a decrease in bullish momentum and reflects hesitation among buyers, particularly in the short to medium term.

Key Levels to Monitor as XRP Faces a Pivotal Moment

For XRP to demonstrate a truly bearish trend, the weekly candle needs to close below the essential $2.00 level. If this occurs, prices could plummet to approximately $1.88, which is where the next support lies, suggesting a negative outlook in the near to mid-term.

Conversely, if the Doji closes above $2.00, it could spark a ray of optimism for XRP's price, especially if favorable macroeconomic conditions stimulate new demand in the market. In such a scenario, overcoming resistance in the $2.10 – $2.30 range is vital for establishing a consistent upward trajectory.

Currently, XRP is trading at $2.08, reflecting a slight increase of 0.31% over the last 24 hours, as reported by CoinMarketCap.

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XRP trading at $2.0929 on the daily chart | Source: Tradingview.com