XRP Price Forecast: $2.00 Breakout Backed by Unwavering Institutional Interest

XRP holds $1.90 support as institutions back a potential $2.00 breakout, with rising Open Interest and ETF inflows signaling renewed optimism.

Rich by Coin

2026-01-28

XRP holds $1.90 immediate support, signaling stability ahead of a potential breakout above $2.00. XRP attracts institutional investors as inflows into ETFs exceed $9 million on Tuesday. The XRP derivatives market shows relative strength, with futures Open Interest rising to $3.45 billion. XRP is trading at $1.92 at the time of writing on Wednesday, and consolidating above support at $1.90.

Investors are navigating a delicate balance between institutional optimism and macro headwinds, especially with a market consensus that the Federal Reserve (Fed) will keep interest rates unchanged in Wednesday’s monetary policy decision. The unwavering institutional demand for XRP spot ETFs stands in stark contrast to broader crypto market weakness, as Bitcoin (BTC) and Ethereum (ETH) ETFs faced significant outflows of approximately $147 million and $64 million, respectively, during the same period. The derivatives market supports investor optimism for a breakout, as XRP futures Open Interest (OI) increases to $3.45 billion on Wednesday from $3.29 billion the previous day. XRP is trading around $1.92 and remains above the $1.90 support, setting the stage for a potential breakout above $2.00.

Investor demand for XRP-focused ETFs has surpassed $9 million in inflows on Tuesday, while the XRP derivatives market shows resilience with futures Open Interest rising to $3.45 billion. The combination of steady price support and growing OI underpins a constructive setup for a bullish breakout. Investors are weighing institutional optimism against macro headwinds ahead of a Federal Reserve decision expected to keep rates unchanged. The persistence of demand for XRP spot ETFs contrasts with broader crypto weakness, where BTC and ETH ETFs saw notable outflows earlier in the week.

The ongoing rise in Open Interest to $3.45 billion from $3.29 billion signals confidence in continued participation and potential price acceleration. To sustain the uptrend, traders may need to maintain new-position activity, as higher OI and ETF inflows reinforce the narrative of renewed institutional interest supporting XRP’s trajectory. The dynamic market backdrop—driven by ETF flows and derivative strength—could help XRP push toward the $2.00 level if momentum persists.