Here’s How Low XRP Could Go as XRP Prints Concerning Daily Gravestone Doji Candlestick

XRP is up over 1% since the start of today but has printed a gravestone doji candlestick on the daily chart, raising fresh skepticism about its price direction.

Typically, the gravestone doji indicates that bears are in control of the market. Unless bulls step in to invalidate this candlestick on the next closing, the recent price high might be another lower high before the next leg down.

Key Points

• XRP is up over 1% today but has printed a gravestone doji candlestick on the daily chart, raising fresh skepticism about its price direction.
• A gravestone doji forms when a candlestick opens bullish, but bears step in at some point, dragging the asset below the opening price.
• In this case, XRP opened at $1.50 on Sunday and climbed to a high of $1.66, then pulled back to $1.44 before closing at $1.47.
• The gravestone doji last printed on the weekly chart in January, and the result was a 46% decline from the close to the recent lows.
• XRP could still turn things around if it engulfs the gravestone doji or prints a strong bullish candle.

XRP Prints Gravestone Doji

Notably, analyst Ali Martinez first highlighted this formation in a Sunday tweet. He noted that the XRP daily chart is forming a gravestone doji, signaling bullish price exhaustion.

A gravestone doji forms when a candlestick opens bullish, but bears step in at some point, dragging the asset below the opening price. Specifically, this pattern is characterized by a long wick at the top, indicating strong rejection at higher prices.

In this case, XRP opened at $1.50 on Sunday and climbed to a high of $1.66. That marked the price high, as a pullback ensued immediately, dragging the coin to a low of $1.44 before closing at $1.47.

What Happened the Last Time?

Martinez went further to explain in a parallel tweet that XRP fell drastically when the last gravestone doji appeared. He highlighted that this event occurred on the weekly chart in the week of January 5, and that the result was a 46% decline from the closing price to the recent lows.

The last time $XRP printed a gravestone doji was on the weekly chart, and the price dropped 46%. https://t.co/JcCuSzDd2k pic.twitter.com/IcxINjMCch

— Ali Charts (@alicharts) February 16, 2026

For context, XRP opened that week at $2.04 but quickly climbed to $2.41 in a matter of days. It ended the week at $2.07, completing the candlestick. Subsequently, XRP dropped 46% from the closing to the February 6 low of $1.12.

The analyst noted this to highlight the concerning scenario that could play out if history repeats. While there is no certainty about this, and XRP’s price has not shown much weakness since today, things could worsen for XRP if history repeats.

EGRAG Crypto Agrees

Further adding to the skepticism is a stamp of approval from XRP permabull EGRAG Crypto. In response to the tweet, the market technician stated that he “agrees” with the gravestone doji behavior.

His wealth of experience and super-bullish stance on XRP make his reactions ones that enthusiasts want to keep an eye on. Taking a bearish stance, even in the short term, brings additional concerns to holders.

However, XRP could still turn things around if it engulfs the gravestone doji or prints a strong bullish candle. How it closes in the coming days will determine whether history repeats or bulls step back in again.