XRP News Summary: Bulls Defend $1.0 as ETF Inflows Turn Positive
Published: February 07, 2026
Key Highlights
- XRP has successfully defended the $1.0 psychological support level, ending a three-day losing streak.
- Recent progress on US crypto legislation has improved XRP's medium-term outlook.
- XRP-spot ETFs saw $23.88 million in weekly inflows, indicating renewed institutional interest.
Market Context
On February 6, XRP rebounded as dip buyers stepped in, coinciding with a broader market recovery led by Bitcoin (BTC) and tech stocks. BTC's rise from $60,000 to $70,000 has positively influenced demand for XRP and the overall crypto market.
Regulatory Developments
US Treasury Secretary Scott Bessent highlighted the importance of advancing the Market Structure Bill, which aims to create a more favorable regulatory environment for digital assets. SEC Chair Paul Atkins emphasized the need for harmonizing rules between the SEC and CFTC to foster innovation in the US.
However, concerns regarding stablecoin yields persist, with banks advocating for legislation to prevent yield migration to decentralized finance (DeFi) platforms. Upcoming discussions involving bank representatives may influence XRP's demand.
ETF Market Dynamics
The XRP-spot ETF market has shown robust institutional demand, with $23.88 million in net inflows, contrasting with the BTC-spot ETF market, which has experienced outflows. This divergence may allow XRP to decouple from BTC, potentially leading to new price highs.
Price Forecast
Despite a recent rebound, XRP has fallen 9% this week, indicating a negative short-term outlook with a target price of $1.0. However, medium-term projections remain bullish, with targets of $2.5 in 4-8 weeks and $3.0 in 8-12 weeks.
Risks to Outlook
Several factors could negatively impact XRP's price, including:
- A hawkish stance from the Bank of Japan leading to a potential yen carry trade unwind.
- Weak US economic indicators raising recession risks.
- Delays or opposition to the Market Structure Bill.
- Extended periods of net outflows from XRP-spot ETFs.
Technical Analysis
XRP's recent rally of 21.11% on February 6 indicates potential bullish momentum, although it remains below key moving averages. Key levels to watch include:
- Support: $1.0 and $0.7773
- Resistance: $1.50, $2.0, $2.5, and $3.0
A break above $1.50 could signal a bullish trend reversal, while a drop below $1.0 would reinforce bearish sentiment.
Conclusion
The outlook for XRP is closely tied to regulatory developments, ETF flows, and macroeconomic indicators. A favorable legislative environment and strong institutional demand could support a medium-term price increase, with potential targets reaching as high as $3.0 in the coming months.