The pattern has prompted fresh debate across the market about whether the latest advance was a temporary rebound or the start of a broader recovery phase.
At the time of writing, the current XRP price is hovering around the mid-$1.50 range, placing the asset back inside a consolidation band that has defined much of its recent structure.
Market analyst Ali Martinez, widely followed under the handle Ali Charts, recently noted that a “gravestone doji” is forming on XRP’s daily timeframe, calling it a “potential bullish exhaustion signal.”
A gravestone doji has formed on XRP’s daily chart, signaling a potential reversal following the $1.35–$1.65 rally. Source: Ali Martinez via X
A gravestone doji appears when the price surges during a session but closes near its opening level, leaving a long upper wick. The structure reflects aggressive buying that ultimately gets absorbed by sellers. Historically, this pattern has preceded pullbacks in a significant number of uptrend scenarios, particularly when it forms near resistance.
In XRP’s case, the rejection occurred after the move from $1.35 to $1.65, an area where overhead technical barriers remain intact. While one candlestick does not confirm a reversal on its own, it often serves as an early warning sign that momentum may be slowing.
Beyond the candlestick signal, the broader structure still favors caution. A descending trendline extending from the previous $3.68 peak continues to cap advances. Immediate resistance is seen near $2.11, while the 200-day exponential moving average sits slightly higher around $2.14.
If the weekly 200MA holds, XRP could breakout by June, though the falling wedge’s lower trendlines may allow a slight dip before the move. Source: DrDovetail on TradingView
A decisive daily close above these levels would likely shift the narrative toward base formation and medium-term recovery. However, failure to reclaim the 50-day EMA near $1.77 keeps the broader downtrend technically intact.
On the weekly timeframe, the 200 moving average is being closely monitored. Analysts suggest that if this longer-term support holds, a breakout from the falling wedge structure could materialize before mid-year. Two potential lower trendlines remain in play, allowing for either a shallow dip or a more extended consolidation phase.
Zooming into the 4-hour and 1-hour charts, XRP today appears to be trading inside a range between roughly $1.35 and $1.50. Demand has formed around $1.3777, creating what some traders consider a tactical accumulation zone.
XRPUSD trades at $1.46 after bouncing from $1.35–$1.40 support, showing a potential ABC correction as wave C tests for further decline or reaccumulation. Source: TradingView
The latest technical outlook highlights a possible ABC corrective pattern. Price previously touched $1.50 before pulling back toward the $1.35–$1.40 support band. The key question now is whether this represents a healthy retracement before continuation or the early stages of a deeper move toward $1.25.
Volume metrics show equilibrium, suggesting indecision rather than aggressive positioning. Futures open interest has also declined sharply from previous highs, reflecting reduced speculative conviction.
While charts show hesitation, Ripple XRP news on the fundamental side presents a more nuanced picture.
Brad Garlinghouse was recently appointed to the advisory committee of the Commodity Futures Trading Commission (CFTC), a development viewed by many as a credibility boost for the broader digital asset industry.
In addition, the XLS-85 token escrow feature went live on the XRP Ledger mainnet, potentially enhancing institutional use cases such as tokenized real-world assets and structured settlements. A partnership with Aviva Investors to explore tokenization initiatives has further strengthened long-term utility narratives.
Despite these developments, XRP price today remains down significantly year-to-date after falling from a $2.40 yearly high to a low near $1.14. ETF-related flows have also been muted, and enthusiasm around a potential Grayscale XRP ETF or broader XRP ETF approval has yet to translate into sustained capital inflows.
Legal clarity has improved compared to peak uncertainty during the XRP SEC lawsuit, but residual caution persists in segments of the market.
Resistance zones:
Support zones:
A sustained move above $1.50 with rising volume could shift short-term sentiment quickly. Conversely, a break below $1.35 may validate the gravestone doji as a reversal precursor.
The broader XRP price prediction landscape remains balanced. Technical signals suggest vulnerability in the near term, especially while the 200-day EMA continues to act as overhead resistance. At the same time, structural support near $1.35 has repeatedly attracted buyers.
XRP was trading at around $1.50, down 1.62% in the last 24 hours at press time. Source: XRP price via Brave New Coin
For now, the price of XRP is caught between improving long-term fundamentals and cautious short-term momentum. Traders appear to be waiting for confirmation, either a breakout above $1.50 that reopens the path toward $1.78 and potentially $2.10, or a breakdown that exposes $1.25 once again.
As consolidation continues, the gravestone doji serves as a reminder that rallies into resistance require follow-through. Without it, exhaustion can quickly replace optimism.
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