XRP is already down by double digits since its recent peak, is there more pain ahead?
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.
$XRP appears to be printing a gravestone doji.
Not a great look! pic.twitter.com/e5m4hf0lie
— Ali Charts (@alicharts) January 10, 2026
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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- End of a Ripple Era: Here’s What Happened With the Spot XRP ETFs Last Week
- Spot XRP ETFs’ Record Green Streak Snapped as Ripple Price Plunges 13% in Days
Whale activity on $XRP spiked to 433 transactions on January 6, but has since fallen to just 33. pic.twitter.com/6iuo55v7qk
— Ali Charts (@alicharts) January 9, 2026
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About the author
Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain.

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