XRP Today's News: Senate Vote Countdown, ETF Inflows for 6 Consecutive Days, Attracting $1.26 Billion

XRP maintains $1.9, US XRP spot ETF inflows for 6 consecutive days reach $1.26 billion. On January 29, the Senate Agriculture Committee will vote on the Market Structure Bill. Analysts expect the bill’s progress to boost demand, with a medium-term target of $3 and a long-term target of $3.66.

ETF Continues Strong Inflows for 6 Days, Countering Powell’s Hawkish Stance

XRP price remains at $1.9, with strong ETF capital inflows offsetting Powell’s cautious Federal Reserve stance and supporting a medium-term bullish outlook. On January 28, the Fed kept interest rates unchanged at 3.75%, despite two FOMC members voting for rate cuts. Notably, Fed Chair Powell downplayed the likelihood of recent rate cuts, indicating that policy stance will depend on upcoming meeting data.

Powell is more focused on inflation than the labor market, emphasizing the impact of high consumer prices on future policy decisions. Powell’s speech had limited effect on market expectations for a June rate cut. According to CME FedWatch data, the probability of a June rate cut decreased from 65.4% on January 27 to 60.8% on January 28. Notably, during Powell’s press conference, XRP price briefly fell to a low of $1.9059 before rebounding to a high of $1.9289.

However, Powell’s policy stance did not suppress demand for the US XRP spot ETF. On January 28, US XRP spot ETF issuers reported a net inflow of $6.95 million, following a net inflow of $9.16 million the previous day. The US XRP spot ETF market has seen six consecutive days of capital inflows, tilting XRP’s supply-demand balance in its favor.

Importantly, since its launch in November 2025, the US XRP spot ETF market has accumulated net inflows of $1.26 billion, with only two days of net outflows. In contrast, since the Canary XRP ETF (XRPC) launched on November 14, 2025, the US Bitcoin spot ETF market has accumulated net outflows of $2.99 billion. This comparison shows XRP ETF market acceptance and capital attraction far surpass Bitcoin ETFs.

Key Data on XRP ETF Capital Flows

Consecutive Inflow Days: 6 trading days

Total Net Inflow: $1.26 billion (since November 2025)

Outflow Days: Only 2 days

Compared to BTC ETF: During the same period, BTC ETF net outflow was $2.99 billion

This sustained capital inflow is extremely rare in ETF history, indicating growing confidence among institutional investors in XRP. ETFs provide a compliant and convenient investment channel, enabling traditional institutions like pension funds and retirement plans to participate in XRP investments. This shift in demand structure offers XRP more stable and continuous capital support.

Senate Market Structure Bill as a Key Catalyst

On January 29, the US Senate Agriculture Committee will review and vote on the Market Structure Bill draft. Given recent price movements, XRP’s sensitivity to crypto-related regulatory developments may be higher than to Powell’s press conference. Optimism that the Senate will pass the Market Structure Bill in Q1 2026 has boosted demand for XRP in early January.

Following the bank committee’s announcement of a price increase on January 15, XRP surged from $1.8103 on December 31 to a high of $2.4151 on January 6. However, both the bank committee and agriculture committee’s price increase plans were delayed, causing prices to fall back. XRP dropped to a low of $1.8113 on January 25 before rebounding to $1.9.

Analysts expect that favorable crypto legislation will enhance XRP’s utility, further shifting supply and demand in its favor. If the market structure bill passes, it will provide clear regulatory frameworks for XRP’s use in payments, cross-border settlements, and other applications. Ripple’s network of partnerships with hundreds of global financial institutions will unlock greater potential once regulation is clarified.

Thursday’s vote results will directly influence short-term price movements. If the bill passes committee review smoothly and proceeds to full Senate vote, XRP could quickly break above $2 and test higher resistance levels. Conversely, if the vote results are disappointing or delayed again, market sentiment may turn cautious, and the price could test support at $1.85.

Technical Analysis: $2 Breakout Key Level

(Source: Trading View)

On January 28, XRP fell 0.30%, partially retracing the previous day’s 0.50% gain, closing at $1.9078. The token’s trend aligns with the overall crypto market cap, which declined 0.08%. Wednesday’s correction caused XRP to break below the 50-day and 200-day moving averages, indicating a bearish bias. However, positive fundamentals continue to offset technical bearishness, reinforcing a bullish outlook.

On the daily chart, regaining above $2.0 will pave the way to challenge the 50-day moving average at $2.0152. Importantly, sustained breakout above the 50-day moving average signals a reversal of the short-term bullish trend. A bullish reversal would open the door to test $2.2. After breaking $2.2, the 200-day moving average at $2.2760 will come into play. Continued breakout above EMA averages will reaffirm the medium- and short-term bullish target.

Strong capital inflows into XRP spot ETF reinforce a positive outlook over the next 1-4 weeks, with a target of $2.5. Additionally, progress on the market structure bill, increased XRP utility, and expectations of multiple rate cuts by the Fed all support a long-term bullish forecast: mid-term (4-8 weeks) at $3.0, long-term (8-12 weeks) at $3.66.

After breaking $3.66, the target price over the next 6 to 12 months could reach $5. Some events could undermine this constructive bias, including the Bank of Japan signaling multiple rate hikes, strong US economic data reducing rate cut expectations, delays or partisan opposition to the market structure bill, or outflows reported in XRP spot ETF capital reports. These factors could pressure market sentiment and cause XRP to fall below $1.85.