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XRP is already down by double digits since its recent peak, is there more pain ahead?
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Summarize with AI
Summarize with AI
Almost the entire cryptocurrency market began the new year with a bang, charting substantial gains in the span of just a few days, even as the political tension in the Americas unfolded.
Ripple’s native token was among the prime examples, as it skyrocketed by about 30% in less than a week from under $1.90 to a multi-month peak of $2.41. This came amid growing ETF inflows and declining token holdings on exchanges.
However, this rally was halted, and the asset has slumped by 13% since then to $2.10 as of press time. According to Ali Martinez, there could be more pain on the horizon for the XRP bulls.
He noted that the cross-border token could be printing a gravestone doji candle, warning that it’s “not a great look.” This setup is typically regarded as a bearish reversal candlestick pattern that looks like an upside-down “T.” It signals that the bulls’ push was rejected and could lead to a prolonged downtrend, especially if it follows an instant uptick, as it happened with XRP last week.
The other warning sign for XRP’s price is related to the declining whale activity. CryptoPotato reported earlier this week, right after the token’s impressive price surge, that whale-sized XRP transfers had skyrocketed by double digits to their highest levels since October.
Santiment warned that this could indicate the price movement at the time was most likely erratic and unsustainable, given the sudden rise in such transactions. More recent data shared by Martinez again shows a massive decline in this metric, which could spell further trouble for the underlying token.
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Source: https://cryptopotato.com/ripple-price-warning-2-signals-suggest-xrps-early-2026-rally-is-running-out-of-steam/
