XRP’s consolidation against Bitcoin has returned to focus after a technical breakdown shared by CryptoWizard on X, supported by a TradingView chart dated January 18, 2026. It tracks the XRP/BTC daily pair on Binance and shows prices locked inside a structure that has guided movement for over a year.
At the time of the snapshot, XRP/BTC hovered near 0.00002159 BTC with minimal daily movement, reflecting continued compression. The broader setup stems from a sharp rally in late 2024 that sent XRP sharply higher against Bitcoin.
That move, labeled as a “pole” on the chart, marked a near-vertical expansion that started the current cycle phase. Since then, prices have moved sideways rather than trending, suggesting consolidation instead of continuation or reversal.
This prolonged pause has coincided with tightening price ranges and repeated reactions at defined technical boundaries. As a result, attention has shifted from short-term swings to the structure guiding price behavior. The chart frames the market as coiled rather than inactive.
The chart shows XRP within a wide descending wedge defined by two red trendlines. The upper trendline connects the prices from the highs of early 2025 and moves downward, while the lower line slowly rises. These two together are squeezing the price movement into a narrowing range.
XRP initially made a move and then declined afterwards to a lower level than the previous one, while the dips were higher than the last ones. Resistance and support have been touched on many times. The lower boundary has been tested during many pullbacks, including the last tests in late 2025 and early 2026, and it has been holding up.
Meanwhile, the upper boundary has capped recovery attempts and limited upside follow-through. This repeated rejection has kept the price contained despite brief rallies. As the wedge narrows, the distance between support and resistance continues to shrink.
Alongside the XRP/BTC setup, spot price action added further detail to the market picture. According to a CoinDesk report, XRP broke below a holding range near $2.05–$2.06, sending the prices down to $1.906 during the initial flush.
A rebound followed and lifted XRP back into the $1.93–$1.95 zone. Still, prices failed to reclaim $2.05, which flipped from support into resistance. That failure kept the broader structure intact.
Volume behavior stood out during the decline. Data showed an extreme hourly spike near 335 million units, pointing to forced activity rather than routine selling. After the washout, trading tightened around $1.93–$1.94, signaling stabilization and hesitation.
From that point, defined levels framed the market. Support sat near $1.93, with $1.91 marking the flush low zone. Resistance appeared first at $1.95, then at $2.05 as the key-level bulls needed to recover.
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CryptoWizard’s chart also outlines a projected breakout scenario. A highlighted projection box marks an ‘equal target' measured from the height of the original pole. If prices clear the descending resistance, the target aligns near 0.00002584 BTC.
On the broader scale, that zone sits close to a horizontal reference near 0.00004800 BTC, suggesting a possible gain of roughly 116% from current levels. Such a move would imply a sharp volatility expansion rather than a gradual advance.
CryptoWizard addressed timing in a post on X, noting that XRP has coiled inside the wedge for about a year. The analyst stated that a breakout would likely coincide with Bitcoin dominance rolling over. Could the next shift in dominance determine when XRP exits its long compression phase?
XRP remains compressed inside a year-long descending wedge against Bitcoin after a sharp 2024 rally. Prices continue to respect defined support and resistance while volatility stays muted. The structure suggests patience as traders monitor wedge resolution and broader Bitcoin dominance shifts for confirmation.