XRP just flashed a warning sign that traders didn’t want to see.
A tombstone doji appeared on the daily chart after buyers failed to sustain a breakout above $1.65. The price is currently hovering around $1.45. That candle tells a simple story. Bulls are heading higher. The seller hit it back hard.
This pattern forms when the open, close, and low are close to the same level, but the longer upper shadow shows strong rejection.
The last time XRP showed a similar signal on a longer timeframe, its price fell by 46%. This is why traders pay attention.
Volume fell in the process, suggesting the recent rally is losing steam. This adds to the tired narrative. The options market isn’t offering much comfort either, with capital flows leaning toward caution rather than aggressive bullishness.
Let’s be precise here. By the strict definition of a menorah, this is not a textbook tombstone. A true Tombstone Doji has nearly identical open, close, and low prices and has an almost invisible real body.
Yes, buyers pushed the price to $1.65, only to see it fall back to around $1.45. That’s rejection. But this is not an automatic collapse.
Source: XRPUSD/TradingView
The more important factor now is structure. XRP has broken out of the previous descending channel and the real danger will be a slide back within this structure.
As long as the price remains above the breakout channel and holds the $1.40-$1.45 area, this could still be a consolidation above the breakout rather than a reversal.
Volume did taper off on the way up, which supports the idea of short-term exhaustion, but the weakening volume alone does not confirm the 46% style decline.
The key now is whether XRP can maintain its breakout structure. Lose this and $1.30 takes center stage.
While XRP debates whether rejection near $1.65 signals consolidation or collapse, attention has quietly shifted elsewhere. In moments of uncertainty, capital doesn’t disappear. It moves toward assets that can be moved without the need for a perfect structure.
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Please visit the Maxi Doge official website to read the original story XRP Price Prediction: Fatal “Tombstone Doji” Discovered – Can XRP Return to Zero? Author: Ahmed Balaha, Cryptonews.com
