Bitcoin And XRP Price Prediction Ahead of FOMC Meeting Tomorrow, Jan 28

 Bitcoin and XRP prices are showing resilience ahead of the upcoming FOMC meeting scheduled for January 28. The overall crypto market has seen a small increase of 0.95% in the past 24 hours, with a combination of institutional and recovery of recent oversold markets.

The price of Bitcoin hovers around to $88,000, and Ethereum is around $2,700. In the meantime, Gold is near its historical peak, and silver has also hit an all-time high, bolstered by a new wave of optimism and investor trust in the market.

FOMC Holds Interest Rates; Eyes on Inflation and Growth

The Federal Reserve is preparing for its first Federal Open Market Committee (FOMC) meeting of the year, set for January 27 and 28. In this two-day session, the policymakers will determine whether to change the federal funds rate, which is currently on 3.5% to 3.75%.

The markets expect that the Fed will hold the rates at the same level following the three consecutive 25 basis point rate reductions. These earlier cutbacks were designed to protect the employment sector against further deflation and increasing unemployment. 

Nonetheless, since inflation has been high and the employment statistics have already indicated that it is starting to slow, it is not clear what the central bank will do next.

The records of the December meeting indicated that a number of the Fed officials are now advocating against further reduction of the rates. Most people feel that a conservative strategy should be employed so as not to fuel inflation as well as keep a check on labor trends.

Analysts will be keen on whether the Fed intends to remain in its pause or embark on further easing later this year.

Bitcoin Bulls Return as Price Aims for $90K Recovery

BTC price climbed to $88,355, rising 0.76% in the past 24 hours after a 4.5% weekly decline.

This recovery is an indicator of new investor interest, perhaps in the possible expectations of market responses to the future FOMC decision.

U.S. spot Bitcoin ETFs reported net inflows of $6.84 million, breaking a five-day streak of outflows, according to SoSoValue data.

Spot Ethereum ETFs turned the tide with a net inflow of $117 million as Solana ETFs added $2.46.

If bullish momentum strengthens, Bitcoin price could test $90,000 and potentially reach $92,000 in the near term, per the full Bitcoin forecast report.

XRP Price Rebounds as XRP Ledger Crosses $1B in Tokenized Assets

XRP price rose 0.81% in the past 24 hours, signaling a potential shift after a week-long decline. The  XRP price has been on an upward trend for 30 days, though there was a recent decline, which suggests that the currency is becoming more robust.

The recent inflows of ETFs were 7.76 million, indicating a growing institutional trust, which may be driven by a rise in regulatory clarity. 

XRP has been trying to break major support zones around $1.85, which have remained intact despite the pressure previously.

The open interest was up by 3.02%, to $3.40 billion. The XRP Ledger also passed the milestone of tokenized assets, which reached the mark of $1 billion, which speaks of increased attention to the concept of blockchain-based asset tokenization. 

In case of bullish gains, the price of XRP might have a chance of recovering to higher rates than $3 within the near future.

To sum up, Bitcoin and XRP have high recovery chances before the FOMC meeting due to ETF inflows and optimism in the market. Should the bullish mood persist and Fed remains on hold, the two assets may experience substantial short-term returns.