XRP is testing an important support area while repeated attempts to retake resistance keep stalling. The token remains in consolidation after the broader dip, and market participants are weighing chart structure against uneven on-chain data.
Large-holder behavior has added another layer to the outlook. Wallet data shows an uptick in so-called “millionaire” addresses, even as XRP remains under pressure and below the $2 psychological level.
XRP has defended a support area that has repeatedly attracted buyers. Attempts to push below that zone have not produced sustained downside follow-through.
XRP’s short-term charts show tightening consolidation. Demand has supported the lows, but supply has stopped rallies near the downtrend line. Momentum offers no strong lead, and traders are looking for a confirmed move outside the range.
Buying interest has concentrated between the mid-$1.70s and $1.80. Each test of that region has prompted short-term rebounds, but those moves have not shifted the broader structure.
Overhead resistance has formed around a descending trendline and a distribution band. XRP has struggled to close above that zone on higher timeframes, keeping upside attempts contained.
XRP has also traded below $2 after sliding during the recent market drawdown. In the cited market update, XRP traded around $1.88 and moved toward $1.79, a level last seen during a prior pullback.
Glassnode data showed XRP market capitalization stabilizing after earlier corrections. This slowdown in capital outflows has aligned with the ongoing consolidation phase.
Network activity indicators have shifted during the same period. Active addresses rose early and then declined sharply, while transaction counts showed small spikes without sustained growth.
Large holders continued to add XRP during the pullback. Santiment reported a net gain of 42 wallets holding at least 1 million XRP this month, lifting the total to 2,016, the first rise since September 2025, even as XRP has fallen roughly 4% in 2026.
Nansen data also showed “smart money” accumulation rising more than 11% over the past 30 days. Institutional positioning has remained part of the discussion through spot exchange-traded funds (ETFs).
Data indicated spot XRP ETFs posted net inflows of $91.72 million this month, with total net inflows reaching $1.26 billion since launch and monthly inflows staying positive since November.
SoSoValue also reported $666 million and $499 million in inflows for November and December, respectively.
Macro pressure has also weighed on sentiment. XRP fell nearly 12% since mid-January as US President Donald Trump’s tariff warnings toward the European Union and Canada contributed to a risk-off shift across crypto.
Even so, XRP Ledger liquidity trends have remained positive in the provided data. Stablecoin liquidity rose from $85 million during earlier 2025 tariff tensions to $406 million, with Ripple’s RLUSD holding an 83% share. CoinGlass data also indicated investors moved XRP off exchanges for much of the tariff escalation period.
Ripple also announced “Ripple Treasury,” a dashboard combining crypto, cash, and treasury management, powered by GTreasury. In addition, asset manager 21Shares projected a bull-case 25% upside to $2.69, citing ETF demand and growing institutional interest in issuing real-world assets on the XRP Ledger.
Also Read: XRP Price Struggles Under $2.00 as Market Signals Weakness