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XRP has just issued a warning signal that traders typically dislike.
A Gravestone Doji has appeared on the daily chart following the inability of buyers to maintain a breakout above $1.65. The price is currently around $1.45. This candlestick conveys a straightforward narrative: bulls attempted to push higher, but sellers forcefully brought it back down.
This pattern occurs when the open, close, and low are nearly at the same level, accompanied by a long upper wick indicating strong rejection.
The last instance when XRP displayed a similar signal on a higher timeframe resulted in a 46% decline. This is why traders are closely monitoring the situation.
Volume decreased during this movement, implying that the recent rally was losing steam. This contributes to the narrative of exhaustion. The options market is also not providing much reassurance, with flows appearing more cautious than aggressively bullish.
XRP Price Prediction: Is There a Possibility of XRP Reaching Zero?
To be clear, by strict candlestick standards, this does not qualify as a classic gravestone. A genuine Gravestone Doji features the open, close, and low nearly identical, with a nearly invisible body.
Indeed, buyers moved towards $1.65, only to be pushed back down to approximately $1.45. This indicates rejection. However, it does not guarantee an immediate collapse.
Source: XRPUSD / TradingView
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The more critical aspect at this moment is the structure. XRP has already broken out of its previous descending channel, and the real risk would be falling back within that structure.
As long as the price remains above that broken channel and defends the $1.40–$1.45 range, this could still represent a consolidation above a breakout rather than a reversal.
Volume did diminish during the upward push, which supports the notion of short-term exhaustion, but declining volume alone does not confirm a drop similar to 46%.
The crucial factor now is whether XRP can sustain its breakout structure. If that is lost, the focus will shift to $1.30.
When Major Cryptocurrencies Become Dull, Memecoins Like Maxi Doge Thrive
As XRP contemplates whether the rejection near $1.65 signifies consolidation or collapse, attention is subtly redirected elsewhere. In times of uncertainty, capital does not vanish; it shifts towards assets capable of movement without requiring an ideal structure.
This is where Maxi Doge ($MAXI) comes into play.
Maxi Doge is not engaged in disputes over broken channels or defending psychological thresholds. It is designed for bursts of momentum. It possesses a clear meme identity, aggressive positioning, and a community that flourishes when volatility increases and sentiment becomes reactive.
Initial traction is already robust. The $MAXI presale has accumulated approximately $4.6 million thus far, with staking rewards offering up to 68% APY for early participants.
Visit the Official Maxi Doge Website Here
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