Recently, XRP has shocked many people—its 24-hour trading volume plummeted by 58.41%, down to $1.1 billion. The technical picture is also looking quite ugly, as the weekly chart seems to be forming a "gravestone doji" pattern, which in the community usually signals a reversal is coming. Currently, the price is stuck at $2.10, but on January 6th, it even surged to a high of $2.41. Even more heartbreaking, the US spot XRP ETF experienced its first net outflow—$40.8 million was withdrawn on January 7th. These series of changes are definitely worth paying attention to.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
5
Repost
Share
Comment
0/400
ForkItAll
· 2h ago
The term "Tombstone Cross" sounds pretty scary, but honestly, a reversal doesn't necessarily mean going downward.
This wave of XRP is really a bit tragic, with outflows of $40.8 million... feels like big players are fleeing.
Is the 2.10 level a support to hold or will it continue to drop? Feels a bit uncertain.
ETF outflows are the real punch to the gut, indicating that some people are starting to lose faith.
View OriginalReply0
ThatsNotARugPull
· 01-11 16:55
Has the tombstone cross appeared? Is this really a reversal this time, or just another prelude to a wave of cutting leeks?
View OriginalReply0
DegenMcsleepless
· 01-11 16:55
When the Tombstone Cross appears, I know the weather is about to change. This wave of XRP is probably going to hit the two-digit mark.
View OriginalReply0
MeaninglessApe
· 01-11 16:54
The Tombstone Star is basically just a gambler's story; anyway, I don't believe in it.
View OriginalReply0
MEVHunter
· 01-11 16:47
volume collapse this brutal? mempool's gonna be wild once the liquidations cascade through. that 58% drop screams toxic flow patterns—somebody's definitely front-running the narrative here.
Recently, XRP has shocked many people—its 24-hour trading volume plummeted by 58.41%, down to $1.1 billion. The technical picture is also looking quite ugly, as the weekly chart seems to be forming a "gravestone doji" pattern, which in the community usually signals a reversal is coming. Currently, the price is stuck at $2.10, but on January 6th, it even surged to a high of $2.41. Even more heartbreaking, the US spot XRP ETF experienced its first net outflow—$40.8 million was withdrawn on January 7th. These series of changes are definitely worth paying attention to.