A striking “gravestone doji” formation appeared on the daily price chart, which XRP investors have been watching closely recently. This technical signal shows that although buyers moved the price above $1.65, the price retreated back to around $1.45 as the selling pressure became stronger. The candle formation in question attracts the attention of investors because it has paved the way for significant declines for XRP in the past.
Gravestone Doji and Technical Developments
Gravestone doji is known as a candlestick with a long upper wick where the open, close and low are close together. This structure indicates that market participants quickly limited the upward movement with sales. However, it is pointed out that the last formation seen in XRP does not fully meet the classic gravestone doji definition. It is stated that the main thing to pay attention to is whether the price can hold on to the falling channel that it has previously broken up.
Price Support and Volume Outlook
Although XRP broke the previous downward channel upwards, the decrease in volume along with the sales pressure strengthened the perception of fatigue among investors in the short term. There is currently an important support zone in the $1.40 – $1.45 range. If the price continues to remain above this level, evaluations stand out that the recent sales movement may be a correction and consolidation process.
As a technical indicator, the fact that the volume does not increase is interpreted as a sign that the movement may be temporary. However, reduced trading volume and pattern similarity alone do not mean that past declines of up to 46% will automatically repeat. In the future, especially the $1.30 level may come to the fore again.
Turning towards Alternative Crypto Assets
As uncertainty in XRP continues, investor interest and capital began to shift to other areas. Meme coins, which have high volatility and potential for movement in a short time, stand out as a remarkable alternative.
At this point, Maxi Doge is considered one of the coins that have been talked about in the market recently. Based on humorous icons, Maxi Doge highlights community support and aggressive positioning. It is reported that more than 4.6 million dollars have been collected so far in the pre-sales process of the project.
Offering annual staking rewards of up to 68 percent for early participants attracts the attention of retail investors looking for returns in the crypto market.
