XRP News Today: Bullish Outlook Holds as Market Structure Vote Nears

XRP snaps a five-day winning streak as traders lock in profits ahead of the upcoming Market Structure Bill markup.

Increased optimism over the Senate passing crypto-friendly legislation pushed XRP to $2.4154 on Tuesday, January 6, its highest since November 13. Robust demand for XRP-spot ETFs contributed to the jump to $2.4 levels.

Despite Tuesday’s loss, the short- to medium-term outlook for XRP remains bullish, given the prospect of the Senate passing crypto-related legislation.

Below, I will explore the key drivers behind recent price trends, the medium-term (4-8 weeks) outlook, and the key technical levels traders should watch.

Market Structure Bill Markup Looms

Anticipation of a Market Structure Bill markup in January lifted sentiment at the start of 2026. XRP rallied from $1.8103 on December 31, 2025, to the January 6 high of $2.4154 after reports of the US Senate Banking Committee announcing a markup date of January 15, 2026.

Eleanor Terrett, Crypto in America host, shared the latest news on the Market Structure Bill markup, which stated:

“Senator Tim Scott, Chairman of the Senate Banking Committee, announced that the Committee will be holding a market structure markup on Thursday, 1/15.”

Senator Scott reportedly stated:

“I think it’s important for us to get on the record and vote. So, next Thursday, we’ll have a vote on market structure. We have worked tirelessly for the last six plus months, making sure that we had multiple drafts available for every member of the committee.”

Analysts expect the Market Structure Bill to further legitimize XRP as a non-security following the resolution of the SEC vs. Ripple case in August 2025.

Crucially, clear rules of the road for the US digital asset space would likely boost institutional demand for XRP, given its real-world utility. XRP remains highly sensitive to crypto-related legislative developments, following the SEC lawsuit and Judge Torres’ ruling on programmatic sales of XRP.

In July 2023, Judge Torres ruled that programmatic sales of XRP did not satisfy the third prong of the Howey Test. The SEC, under previous Chair Gary Gensler, filed an appeal against the ruling. However, the SEC, under Chair Paul Atkins, withdrew its appeal in 2025, cementing Judge Torres’ ruling.

Crucially, the US Court of Appeals approved the SEC and Ripple’s appeal withdrawals in August 2025, paving the way for a US XRP-spot ETF market.

XRP-Spot ETFs See Robust Trading Volumes

The US XRP-spot ETF market continued to underscore strong demand for XRP on January 6, with trading volumes of $58.11 million. While down on the previous day’s record $72.15 million, trading volumes remained elevated, setting the stage for a breakout year for XRP. Total net inflows of $19.12 million on the day ensured the US XRP-spot ETF market has yet to report an outflow day.

Notably, XRP-spot ETF issuers have reported $1.25 billion collectively in net inflows since launching in November 2025, outperforming the BTC-spot, ETH-spot, and SOL-spot ETF markets.

For context, the US SOL-spot ETF market has seen total net inflows of $793.56 million, despite launching in October 2025. Meanwhile, the US BTC-spot ETF market has total net outflows of $1.7 billion since XRP-spot ETFs launched on November 14.

Robust demand for XRP-spot ETFs and the progress of the Market Structure Bill reinforce the bullish short- to medium-term price outlook.

XRP Bullish Outlook Intact

Strong demand for XRP-spot ETFs and the progress toward crypto-friendly legislation reaffirmed the bullish short-term (1-4 weeks) outlook, with a $2.5 price target. Meanwhile, increased utility, expectations of Fed rate cuts, and optimism over the Senate passing the Market Structure Bill reaffirmed the positive longer-term price trajectories:

• Medium-term (4-8 weeks): $3.0.
• Longer-term (8-12 weeks) $3.66.

Key Risks Challenge Bullish Outlook

Several scenarios could unravel the positive outlook. These include:

• The Bank of Japan declares a neutral interest rate of between 1.5% and 2.5%, signaling multiple rate hikes. A higher neutral rate may trigger a yen carry trade unwind, which would weigh on XRP.
• US economic data and the Fed are dampening bets on a March rate cut.
• US lawmakers stall the progress on the Market Structure Bill.
• XRP-spot ETFs report outflows.

These scenarios would likely trigger a sell-off, sending XRP below $2, which would indicate a bearish trend reversal.

Technical Indicators Continue to Signal Caution

XRP fell 1.88% on Tuesday, January 6, partially reversing the previous day’s 12.25% rally to close at $2.3028. The token underperformed the broader crypto market cap, which advanced 0.26%.

Tuesday’s pullback left XRP trading below the 200-day EMA, while remaining above the 50-day EMA. While the EMAs indicate a bullish near-term but bearish longer-term bias, the fundamentals remain positive.

Key technical levels to watch include:

• Support levels: $2.0, $1.75, and then $1.50.
• 50-day EMA support: $2.0735.
• 200-day EMA resistance: $2.3469.
• Resistance levels: $2.5, $3.0, and $3.66.

Viewing the daily chart, a breakout above the 200-day EMA would indicate a bullish trend reversal. Buying momentum would pave the way to the $2.5 resistance level.

Crucially, a sustained move through the 200-day EMA would reinforce the bullish medium-term outlook and the longer-term (8-12 weeks) $3.66 price target.

Fundamental Indicators: US Data, Crypto Legislation, and Spot ETF Flows

Near-term price drivers include:

• XRP-spot ETF flow trends.
• US economic data and the Fed’s policy stance.
• US crypto-related legislative developments.

Holding Above $2.2 Key for the Bullish Outlook

Reclaiming $2.0 underpinned a marked shift in investor sentiment, suggesting a return to $3.0 levels. Improving fundamentals countered bearish technicals, fueling a breakout. The price recovery affirmed the bullish structure and constructive short- to medium-term bias.

A break above the upper trendline would validate the bullish structure and affirm the bullish trend reversal. A bullish trend reversal supports the price targets:

• Medium-term (4-8 weeks): $3.0.
• Longer-term (8–12 weeks): target of $3.66.

However, a drop below $2.0 would expose the lower trendline. A sustained fall through the lower trendline would invalidate the bullish structure, signaling a bearish trend reversal.

Outlook:

Looking ahead, US economic data, central bank policy guidance, crypto-related regulatory developments, and XRP-spot ETF flows will influence the near-term price outlook.

Increased expectations of a March Fed rate cut and a lower BoJ neutral rate (1%-1.25%) would likely lift sentiment. Strong demand for XRP-spot ETFs and bipartisan support for the Market Structure Bill would reinforce the bullish outlook.

In summary, robust institutional demand for XRP-spot ETFs and crypto legislative developments support a medium-term (4–8 weeks) move to $3.0. A March Fed rate cut and the Senate passing the Market Structure Bill would reaffirm the longer-term (8–12 weeks) price target of $3.66.

Looking beyond the 12-week time horizon, these key events are likely to send XRP above its all-time high $3.66. A break above $3.66 would affirm $5 as the next key price target over a 6- to 12-month timeline.