I've had the same, the new growths are pretty high up. I would skip on dividing it, I know it sounds crazy but dividing will lower the expectancy of flowering anytime sooner with that size OR for the sake of maturity of the orchid. I would either keep redirecting the roots into the media OR get a large enough pot and keep this orchid like it is in the pot and fill the rest with media, without disturbing it. This one is really tricky, and its worth the wait of what the other experts have to say maybe you get better advice and suggestions. I'm new to situations like this one and good luck!