XRP is trading near $1.87 in one of its longest consolidation phases. Analysts are monitoring key support at $1.80 as large holders continue to accumulate.
Ripple’s XRP is trading near $1.81 after falling almost 5% over the past day. The asset is down about 6% this week, extending a steady decline that began earlier this month.
Nonetheless, some analysts say XRP is approaching a key level, with recent chart patterns and portfolio data indicating the possibility of a larger move.
One of the longest consolidation phases of XRP
Steph Is Crypto shared a chart showing XRP in what could be its longest consolidation period yet. The current phase has lasted approximately 434 days, matching or surpassing previous long base periods seen in 2016, 2018, 2020, and 2023. In each of these cases, XRP eventually broke out higher.
🚨 $XRP IS IN ONE OF ITS GREATEST CONSOLIDATION PHASES IN HISTORY.
THE BURST WILL BE MASSIVE! pic.twitter.com/YJBsf1w23x
– STEPH IS CRYPTO (@Steph_iscrypto) January 29, 2026
The token is now trading in a tight range between $1.80 and $2.00. Traders are watching to see if the price can hold the support and attempt to reach $2.00 again. The pattern appears similar to previous phases that preceded sharp rebounds.
Additionally, a chart from ChartNerd depicts two possible paths for XRP. The model is based on a structure that repeats over time: accumulation, breakout and reaccumulation. XRP is currently just above the support zone at $1.80. ChartNerd described this level as a key point for the bulls.
“To keep Scenario 1 moving, the bulls need to step in here,” the analyst wrote.
A move higher from here could trigger another breakout. If the price falls below $1.80, the chart points to “scenario 2”, which would mean a larger pullback before any recovery begins.
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Signs of accumulation among large holders
According to Santiment, XRP has gained 42 new wallets containing at least one million tokens since the start of the year. This is the first rise in “millionaire” wallets since September 2025. At the same time, the price has only fallen by around 4%, suggesting accumulation among large holders.
Additionally, ETFs linked to XRP have also seen new demand. According to SoSoValue data, January generated $91.72 million in net inflows, following $666 million in November and $499 million in December.
This constant interest shows that institutional buyers are still active, even if the price movement remains limited.
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