XRP Holds the $1.50 Line While ETFs, Fed, and Bitcoin All Whisper "Hold My Beer" 🍺

$XRP traded near $1.50 on July 28, down roughly 5% over the previous 24 hours, as traders positioned themselves ahead of the Federal Reserve's July 28 to 29 policy meeting. $BTC slipped to around $63,450 after briefly trading above $64,900, reinforcing a defensive tone across major cryptocurrencies. Markets now largely expect the Fed to leave rates unchanged, with a surprise 25 basis point hike considered a less likely outcome, rendering earlier forecasts built on an imminent 25- or 50 basis point cut outdated.

Seven US spot $XRP ETFs have traded since late 2025. While inflows have cooled from earlier in the year, they have not flipped into sustained outflows, a pattern some analysts point to as evidence that institutional demand has remained intact beneath short-term selling pressure. Data from Coinglass tracking XRP ETFs was cited as part of that assessment.

Bitcoin's negative Coinbase premium continued to indicate muted institutional spot buying, a signal that has historically mattered for XRP, which has tended to lag during risk-off stretches before recovering. Even so, some analysts have argued that any easing of monetary policy later this year could support a stronger $XRP recovery alongside continued ETF demand.

The macro backdrop remains cautious heading into the Fed decision, with the gap between steady ETF flows and softer prices setting up the kind of configuration market participants often monitor for signs of underlying resilience. The article's earlier price analysis noted that $XRP prediction views remained mixed under those conditions, reflecting the tension between policy uncertainty and steady product-level demand.