XRP has just formed a Gravestone Doji on the daily chart, right above the $2.09 support level, indicating strong indecision between buyers and sellers.
This candle pattern at a key level often signals a potential reversal or continuation depending on the next candle's movement.
If the next daily candle breaks above the high of the Doji (around $2.24), it could trigger a bullish breakout, potentially leading XRP to test the next major resistance zone near $2.70.
A successful breakout above that could even open doors toward the $3.00+ area if momentum builds.
However, if XRP fails to break above the Doji high and closes below the support zone of $2.09, it may signal weakness and lead to a pullback toward $1.95. The next significant support below that lies around $1.79.
Key Levels:
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Support: $2.09, $1.95, $1.79
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Resistance: $2.40 (minor), $2.70, $3.00+
Conclusion:
The Gravestone Doji is a critical signal at this point.
Watch closely how the next daily candle behaves—a bullish break can drive XRP toward $2.70, while a rejection may result in a retracement back to $1.95.
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