XRP saw a sharp drop shortly after a brief jump to $1.65, raising fresh debate among crypto traders. What looked like a strong breakout turned into a pullback, raising questions about whether it was genuine or just a short-lived spike.
Key Insights
- XRP failed to hold gains after touching the $1.65 level.
- A gravestone doji has formed on the weekly chart.
- Analyst opinions remain divided on XRP’s next move.
- Nearby support levels may decide the next price direction.
XRP recently climbed to the $1.65 level, its highest level in weeks. This sudden rise created excitement among traders. But the optimism was very short-lived.
Within hours, XRP plunged back to $1.50, wiping out most of the rally. Such rapid moves often leave the market uncertain about what comes next.
Why XRP Traders Are Watching the Gravestone Doji?
After the pullback, some traders pointed to a gravestone doji forming on the weekly chart. In simple terms, this pattern appears when the price rises strongly but fails to stay high before the candle closes.
Many traders view this as a warning that buying pressure may be weakening. While it does not guarantee a drop, similar patterns have often preceded pullbacks
The current setup has been compared to earlier periods by a few analysts when XRP struggled after printing similar patterns. These observations have naturally led to concerns about whether history could repeat. If selling pressure continues, XRP could revisit lower support zones.
As per Ali Martinez, one of the prominent analysts, noted that the last time XRP had formed a gravestone doji, its price tumbled by 46% in just a few weeks. If something similar happens now, XRP could fall back to $1.00 support and head toward $0.80.
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
However, in contrast, some analysts also interpret the move negatively. CryptoWZRD, another crypto analyst, acknowledges the gravestone doji close on the weekly chart but adds that “most of this move was a pullback from the earlier spike in a low-liquidity environment, which is healthy.”
If we consider this perspective, the XRP price drop simply reflects a market cooling phase after a fast rally. Pullbacks like these are common and do not always lead to larger declines across crypto markets.
Read More: Why DeepSeek AI Favors XRP and Solana Over Dogecoin Heading Into 2026?
XRP Price Outlook: Caution, Not Panic
XRP’s recent price movement clearly indicates how quickly market sentiment changes. A single pattern or price spike rarely tells the full story.
The XRP market traders currently appear to be in wait-and-see mode. Whether the gravestone doji proves to be a meaningful signal or simply market noise will depend on how XRP behaves in the coming sessions.
Disclaimer: This article is intended solely for informational purposes and should not be construed as financial advice. Investing in cryptocurrencies involves substantial risk, including the possible loss of your capital. Readers are encouraged to perform their own research and seek guidance from a licensed financial advisor before making any investment decisions. Voice of Crypto does not endorse or promote any specific cryptocurrency, investment product, or trading strategy mentioned in this article.
