The US XRP-spot ETF market extended its inflow streak to five consecutive sessions on January 27, tilting the supply-demand balance in XRP’s favor. According to SoSoValue, XRP-spot ETF issuers reported $9.16 million in net inflows, following the previous day’s net inflows of $7.76 million. Total net inflows since launching in November climbed to $1.25 billion, outperforming the US SOL-spot ETF market, which has seen net inflows of $877.7 million since October’s launch. Meanwhile, the US BTC-spot ETF market faced another day of outflows on January 27, signaling a potential decoupling of XRP from BTC.
Analysts attributed the robust demand for XRP-spot ETFs to the token’s increased utility, another critical tailwind. Hopes of the US Senate passing the Market Structure Bill have likely contributed to the resilient demand for XRP-spot ETFs. The US Senate Agriculture Committee rescheduled its markup on the draft text for the Market Structure Bill to January 29. The Agriculture Committee delayed its previously scheduled January 26 markup due to bad weather.
Markups and Senate Committee votes are crucial steps toward the Bill’s passage to a full Senate floor vote. If the Agriculture Committee passes the draft text on January 29, the focus will shift to the Banking Committee’s timelines for its amended draft text and markup. Recent price action has underscored XRP’s sensitivity to regulatory developments on Capitol Hill. XRP rallied from $1.8103 on December 31 to a January 6 high of $2.4151 after the Banking Committee announced its January 15 markup.
However, the token dropped to a January 25 low of $1.8113 after the delays to the Banking Committee and the Agriculture Committee’s markups. The token has since reclaimed $1.91 on optimism over the Senate eventually passing the Market Structure Bill. The passing of the Bill remains key to the bullish short- to medium-term price outlook for XRP. Robust demand for XRP-spot ETFs reaffirmed the positive short-term outlook (1-4 weeks), with a target price of $2.5.
Medium-term (4–8 weeks): $3.0. Longer-term (8–12 weeks): $3.66. Beyond 12 weeks, these events are likely to drive XRP to its all-time high of $3.66.
XRP gained 0.50% on Tuesday, January 27, following the previous day’s 3.83% rally, closing at $1.9136. The token underperformed the broader crypto market cap, which advanced 1.32%. Despite the gains, XRP remained below its 50-day and 200-day EMAs, indicating a bearish bias. The momentum suggested it may struggle to push higher without a breakout above key moving averages.
Resistance levels sit at $2.0, $2.5, $3.0, and $3.66. A breakout above $2.0 would bring the 50-day EMA into play. A sustained move through the EMAs would reinforce the bullish short- to medium-term price targets.
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