Recently, I noticed that XRP formed a gravestone doji candlestick pattern on the daily chart, and this doesn't seem to be a bullish signal. Although the price increased slightly by 1% today, the way this candle formed is quite concerning — the price opened at $1.50, touched $1.66, then dropped back down to close at $1.47, indicating that sellers have "mounted a strong counterattack" at higher price levels.

What caught my attention is that analysts have previously warned about this gravestone pattern. They recalled that in January, a similar formation on the weekly chart led to a 46% decline. Usually, when a gravestone doji appears, it signals that buyers are exhausted, and if there isn't a strong reaction from buyers, the price is likely to continue falling.

Adding to the negative opinions from other technical analysts, XRP's current situation seems quite fragile. Let's see if the bulls can "turn the tide" or not.