Gravestone Doji: XRP Just Flashed a Brutal Historical Signal

In Brief

• XRP printed a rare weekly gravestone doji.
• Last time, price fell ~46%.
• Confirmation depends on follow-through selling.

XRP may be flashing a rare warning signal on higher timeframes, according to a cryptocurrency analyst who pointed to a historical gravestone doji formation on the weekly chart. The last time XRP printed this candlestick pattern, the market saw a sharp decline that ensnared nearly half of the asset’s value.

A Rare Candlestick With a Strong Track Record

A gravestone doji forms when the price rallies strongly during a season but closes near its opening level, leaving a long upper wick. The structure typically reflects aggressive rejection at higher levels and a shift in momentum from buyers to sellers.

According to the analysis shared by popular crypto trading expert Ali Martinez in an X post on February 16, the previous weekly gravestone doji preceded a 46% drop in XRP’s price, highlighting the pattern’s potential significance on macro timeframes.

*XRP weekly chart analysis. Source:* *Ali Martinez*

Because weekly candles carry more weight than shorter-term signals, similar formations tend to attract attention from swing traders and long-term investors.

Why Traders Are Watching This Closely

If XPR has, indeed, printed another gravestone doji on the weekly chart, it could suggest a strong resistance at higher levels, potential distribution from large holders, and an increased downside volatility.

However, analysts stress that candlestick patterns should not be viewed in isolation. Broader market trends, Bitcoin (BTC) dominance, and macro liquidity conditions remain key drivers of XRP’s trajectory.

Currently, this altcoin is changing hands at the price of $1.48, suggesting a 6.1% decline in the last 24 hours, an advance of 6.5% across the past seven days, and an accumulated dip of 28.3% over the month, according to the most recent chart information.

*XRP price 7-day chart. Source:* *CoinGecko*

What Comes Next for XRP

For bears, confirmation would likely require follow-through selling and lower weekly closes. A sustained breakdown below key support levels could validate the historical pattern.

For bulls, invalidation would come from reclaiming resistance and turning the gravestone doji into a failed bearish signal, something that occasionally happens during strong uptrends.

All things considered, XRP has flashed a rare weekly sign that once preceded a major correction, but whether history repeats may depend on broader market momentum.