XRP's Doji Candle Formation Draws Trader Attention Amid Volume Pressure

LidoStakeAddict · 2026-01-15T23:05:34+00:00

XRP's market activity has diminished, with a trading volume of $83.38 million. A doji candle pattern indicates potential indecision, suggesting a bearish reversal after recent highs. The asset currently trades near $2.08, facing critical support and resistance levels.

LidoStakeAddict

2026-01-15 23:05:34

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Market activity around XRP has noticeably contracted, with 24-hour trading volume currently standing at $83.38 million. This dampened trading intensity comes as the asset grapples with both technical headwinds and fund flow shifts. Crypto analysts have zeroed in on a notable doji candle pattern materializing on XRP’s weekly timeframe, signaling potential market indecision at a critical juncture.

Technical Pattern: What the Doji Candle Tells Us

The gravestone doji formation spotted by market observers represents a candlestick configuration where opening and closing prices converge at virtually identical levels. Characterized by an extended upper shadow with minimal body, this doji candle type carries particular significance following strong rallies. Historically, such patterns often precede bearish reversals, suggesting the market may be losing conviction after extended upward moves.

For XRP specifically, the emergence of this pattern on the weekly chart warrants closer examination, as it could signal weakening bullish momentum and potential consolidation ahead.

Price Action and Near-Term Outlook

XRP reached a January peak of $2.41 on the 6th before entering a pullback phase. As of the latest data point, the asset trades near $2.08, down 2.89% over the past 24 hours and 2.94% for the week. This recent weakness aligns with shifts in institutional flows—U.S. spot XRP ETFs experienced their first net outflow period since mid-November inception, recording $40.8 million in outflows.

The cryptocurrency remains range-bound, oscillating between $1.77 and $2.41 support and resistance levels respectively. The immediate technical level to monitor is the 50-day moving average around $2, which could serve as either a support anchor or a breakdown trigger depending on market direction.

Critical Breakout Levels Ahead

For bulls to reassert control, XRP needs to decisively clear $2.56—a level coinciding with weekly resistance. Breaking above this threshold could reignite momentum toward $3 and potentially $3.5. Conversely, failure to hold current support levels may extend the consolidation phase, keeping the doji candle pattern’s bearish implications in focus.

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