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XRP Gravestone Doji Signals Potential Price Reversal Amid Market Hesitation
XRP has shown an upward trend after a period of decline in 2025. Recent analysis suggests a cautious outlook due to certain market patterns.
Gravestone Doji Analysis
- A gravestone doji appeared on XRP's weekly chart, identified by analyst Ali Martinez.
- This candlestick pattern indicates a potential bearish reversal, as sellers push prices down after initial buyer dominance.
- The upper wick reaching $2.41 shows resistance and a price decline towards $2.06 support.
- The gravestone doji signals a loss of bullish momentum, highlighting hesitation among buyers.
Key Price Levels for XRP
- XRP must close below $2.00 on the weekly chart to confirm a bearish trend, with potential further decline to $1.88.
- If the doji closes above $2.00, it could signal positive momentum if the $2.10 – $2.30 resistance is overcome.
- Currently, XRP is trading at $2.08, showing a slight increase of 0.31% in the last 24 hours.
