XRP’s Great Dither: Will It Zoom or Plop?

by

Well, I say, old bean, Ripple’s XRP is bobbing about like a cork in a teacup, currently hovering near the $1.81 mark, having taken a bit of a tumble-almost 5% in the past day, don’t you know. The poor chap’s down a smidge over 6% this week, continuing its rather melancholy slide that began earlier in the month. Still, one mustn’t be too glum; some of those chaps with their noses in the charts reckon XRP is approaching a jolly critical juncture, what with all the squiggly lines and wallet data pointing to a potential spurt of excitement.

The Great XRP Dither: A Marathon of Indecision

Steph Is Crypto, a dashed clever sort, has dashed off a chart showing XRP in what might be its longest period of dithering to date. The current phase-434 days and counting-rivals or even surpasses previous bouts of indecision in 2016, 2018, 2020, and 2023. In each of those instances, the old boy eventually mustered the gumption to break out to the upside. One can only hope history repeats itself, eh?

$XRP IS IN ONE OF ITS LARGEST CONSOLIDATION PHASES IN HISTORY.

THE BREAKOUT WILL BE MASSIVE!

– STEPH IS CRYPTO (@Steph_iscrypto) January 29, 2026

At present, the token is pottering about in a tight range between $1.80 and $2.00, rather like a fellow pacing in his study, trying to decide whether to have another go at clearing the garden hedge. Traders, of course, are all agog, watching to see if the price can hold its nerve and make another dash for $2.00. The setup, I’m told, is eerily reminiscent of earlier phases that preceded rather jolly rallies.

ChartNerd, another bright spark, has sketched out two possible paths for XRP. It’s all based on a pattern that repeats itself over time: accumulation, breakout, and reaccumulation. XRP is currently perched just above the support zone at $1.80, which ChartNerd describes as a dashed crucial point for the bulls. “To keep Scenario 1 in motion, bulls have to step in here,” the chap wrote, with all the gravity of a butler announcing the arrival of an unexpected aunt.

“To keep Scenario 1 in motion, bulls have to step in here,” the analyst wrote.

If the price manages to rally from here, it could set the stage for another breakout. But should it slip below $1.80, well, that’s “Scenario 2,” which would mean a deeper pullback before any recovery gets underway. Not the most cheering prospect, but one mustn’t lose one’s stiff upper lip.

The Quiet Accumulation of the Moneyed Set

According to Santiment, XRP has acquired 42 new wallets holding at least one million tokens since the start of the year. This marks the first uptick in “millionaire” wallets since September 2025. Meanwhile, the price has only dipped about 4%, suggesting that the moneyed set is quietly accumulating, rather like a chap hoarding marmalade at the back of the pantry.

Moreover, XRP-linked ETFs have seen a bit of a resurgence. SoSoValue data reveals that January brought in $91.72 million in net inflows, following $666 million in November and $499 million in December. This steady interest indicates that institutional buyers remain in the game, even as the price action remains as thrilling as a game of dominoes at the local vicarage.

XRP Chart Analysis

So, there you have it, old sport. XRP is at a bit of a crossroads, dithering between a breakout and a breakdown. Whether it zooms or plops remains to be seen, but one thing’s for certain: it’s all rather spiffing to watch. Now, if you’ll excuse me, I’m off to pour myself a stiff drink and ponder the mysteries of the crypto markets.

Read More

2026-01-29 19:48