XRP has dropped 2.7% in the past 24 hours, and traders are now watching closely after a rare candle pattern appeared right at a key resistance.
Crypto analyst Ali Martinez has flagged a gravestone doji on the weekly chart, a signal that often marks the top of a move when momentum shifts sharply.
This pattern formed as XRP hit the $2.40 level, where heavy selling pressure quickly erased earlier gains.
Volume confirms the battle at this zone, with trading activity jumping 180% to $3.2 billion in just 24 hours.
XRP is also down 5% over the past week, showing signs of weakness after struggling to push through resistance.
With momentum fading, the question now is how this pattern could shape the XRP price prediction in the days ahead.
XRP Price Prediction: Bulls Need to Defend the $1.95 Support to Keep the Rally Going
Looking at the daily chart, the $2.40 level coincides with XRP’s 200-day exponential moving average (EMA). This is an area of resistance that acted as a ceiling twice already.
Source: TradingViewFailing to climb above it for a third time confirms that market sentiment is still bearish. When prices stay below this line, they typically favor a negative outlook in the mid to long term.
Meanwhile, the Relative Strength Index (RSI) has sent a sell signal upon dropping below the exponential moving average (EMA).
The key support to watch at this point would be the $1.95 area. If the price stays above this mark, there is still a chance that XRP can bounce back and break past the 200-day EMA.
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Visit the Official Bitcoin Hyper Website HereThe post XRP Price Prediction: This Dangerous Chart Pattern Just Formed – What Does a Gravestone Doji Mean? appeared first on Cryptonews.
