ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
XRP trades near $1.87 in one of its longest consolidation phases. Analysts watch key $1.80 support as large holders continue to accumulate.XRP trades near $1.87 in one of its longest consolidation phases. Analysts watch key $1.80 support as large holders continue to accumulate.

Ripple’s XRP in Historic Consolidation: Breakout or Breakdown Next?

Author: CryptoPotatoSource: CryptoPotato
2026/01/30 00:32

Ripple’s XRP is trading near $1.81 after slipping almost 5% over the past day. The asset is down roughly 6% this week, extending a steady decline that started earlier this month.

Even so, some analysts say XRP is approaching a key level, with recent chart patterns and wallet data pointing to the potential for a bigger move.

One of XRP’s Longest Consolidation Phases

Steph Is Crypto shared a chart showing XRP in what may be its longest consolidation period to date. The current phase has lasted around 434 days, matching or exceeding previous long basing periods seen in 2016, 2018, 2020, and 2023. In each of those cases, XRP eventually broke out to the upside.

The token is now moving within a tight range between $1.80 and $2.00. Traders are watching to see if the price can hold support and make another attempt to clear $2.00. The setup appears similar to earlier phases that came before sharp rallies.

Furthermore, a chart from ChartNerd outlines two possible paths for XRP. The pattern is based on a structure that repeats over time: accumulation, breakout, and reaccumulation. XRP is currently sitting just above the support zone at $1.80. ChartNerd described this level as a key point for bulls.

A move higher from here could set up another breakout. If the price breaks below $1.80, the chart points to “Scenario 2,” which would mean a deeper pullback before any recovery begins.

Signs of Accumulation Among Large Holders

According to Santiment, XRP has gained 42 new wallets holding at least one million tokens since the start of the year. This is the first rise in “millionaire” wallets since September 2025. During the same time, the price has only dropped about 4%, suggesting accumulation among large holders.

In addition, XRP-linked ETFs have also seen fresh demand. According to SoSoValue data, January brought in $91.72 million in net inflows, following $666 million in November and $499 million in December.

XRP Spot ETF Net InflowXRP Spot ETF Net Inflow 1.29. Source: SoSoValue

This steady interest shows that institutional buyers are still active, even as the price action remains limited.

The post Ripple’s XRP in Historic Consolidation: Breakout or Breakdown Next? appeared first on CryptoPotato.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Your Trusted Plumber in Sunnyvale, CA: Professional Plumbing You Can Rely On

Your Trusted Plumber in Sunnyvale, CA: Professional Plumbing You Can Rely On

Finding a dependable plumber in Sunnyvale is essential for protecting your home or business from costly water damage, system failures, and unexpected emergencies
Share
Techbullion2026/01/31 00:04
Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
Shiba Inu Burn Rate Rockets 500% in Rare Upside for Price

Shiba Inu Burn Rate Rockets 500% in Rare Upside for Price

The post Shiba Inu Burn Rate Rockets 500% in Rare Upside for Price appeared on BitcoinEthereumNews.com. Shiba Inu (SHIB) has recorded a massive surge in burn rate
Share
BitcoinEthereumNews2026/01/31 00:12