#XRP (Ripple) Price News & Insights Today 31-1-2026 - XRP Elliott Wave and technical analysis, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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As of January 31, 2026, XRP is trading near $1.70, experiencing a decline of approximately 2.0% over the last 24 hours. While the asset has faced a corrective phase throughout January—dropping from a New Year's high of $2.35—on-chain data reveals significant accumulation by "whales," who have added roughly 380 million tokens (worth ~$710 million) to their holdings this month.
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XRP Insights
-Whale Accumulation: Large holders (1M–100M XRP) increased their cumulative balances to 14.92 billion XRP this month, signaling institutional confidence despite retail selling pressure.
-Technical Support: XRP is currently testing major support at the $1.70 level. Analysts warn that a decisive break below $1.68 could lead to a deeper slide toward $1.60, while a rebound could target $1.92.
-Legal Clarity: The long-standing regulatory overhang has largely dissipated; on January 27, 2026, the Ninth Circuit dismissed a class-action lawsuit against Ripple, ruling that claims XRP was an unregistered security were filed past the deadline.
-New Utility: Ripple recently partnered with DXC Technology to integrate blockchain capabilities into a banking platform supporting $5 trillion in deposits, potentially driving long-term institutional demand.
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