XRP glides through the market with the nonchalant poise of a duchess, while 24-hour volumes shrink by 58.41% to a tidy $1.1 billion, as CoinMarketCap would have you believe. A scene of hushed commerce, punctuated by the soft rustle of a skeptical fan. 😏📉
Such quiet before a potential bowing of the market may alarm the unseasoned, yet the resemblance to a reversal signal on XRP’s charts invites a more chastened gaze rather than a howl of panic.
According to Ali, a crypto analyst, XRP appears to be printing a gravestone doji, adding that this might not be a “great look” for the fourth largest cryptocurrency by market capitalization. A verdict delivered with the gravity of a duchess at a ball-graceful, but with a whiff of doom. 💀📈
From Ali’s tweet, it seems this pattern is forming on the weekly chart as he highlighted this pattern on this time frame.
$XRP appears to be printing a gravestone doji.
Not a great look!
– Ali Charts (@alicharts) January 10, 2026
The gravestone doji is a candlestick pattern in which the opening and closing price of the candle are at the same level or very close to the same level. Doji reflects indecision in the market, with the gravestone doji having a long upper shadow and no body. Its appearance is significant after an uptrend, as it might indicate a bearish reversal.
A gravestone doji often implies that the market has decided to be bearish. 🕯️
What’s next for XRP price?
XRP reversed a strong run at 2026’s start, which pushed its price to a high of $2.41 on Jan. 6. The cryptocurrency fell for five days in a row after that peak and is presently attempting a rebound with the theatrical flair of a last act. 🎭
At the time of writing, XRP was up 0.13% in the last 24 hours to $2.10 but down 0.62% on the weekly stage. 😅
XRP’s price drop in the past week coincided with the first net outflows from XRP ETFs. The market seems to be sighing, not surrendering.
U.S. spot XRP exchange-traded funds (ETFs) recorded their first net outflow day since listing in mid-November, ending a persistent inflow spell among major crypto funds. The outflows totaled $40.8 million on Jan. 7, according to SoSoValue data. 💸
As it stands, XRP continues to trade in a broad range between $1.77 and $2.41. The short-term watch is whether XRP can convert the daily MA 50 at $2 into support to sustain a bullish momentum, a plot twist beloved by connoisseurs of fortune and folly alike.
The next crucial breakout for XRP lies at $2.56, which coincides with the daily MA 50. A break above here might open the pathway toward $3 and $3.5-a prospect sung about by poets and traders alike. 🪄
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2026-01-11 18:38