XRP Price News: Bulls Target $3.00 Amid Market Structure Bill Momentum

Market Structure Bill – Will the Senate Green Light Crypto Regulation?

US lawmakers hit the ground running after the August recess, bringing a crypto regulatory framework closer to reality. The Senate Banking Committee released an updated draft of the Market Structure Bill. The draft crucially addresses feedback from stakeholders and lobbyists, raising the chances of passing a Senate vote.

Crypto America host Eleanor Terrett shared the latest draft and highlighted key changes:

“SEC-CFTC Coordination: A process has been established for the SEC and CFTC to work together on a Joint Advisory Committee to make decisions in the digital asset space (Section 701) and to resolve any disputes (Section 702).”

The draft also includes critical legal protection for existing tokens that are not fraudulent. Terrett outlined the key section, stating:

“SEC enforcement actions and private lawsuits cannot be brought against existing tokens issued before the date of enactment, providing they are not fraudulent.”

Bill Hughes, a lawyer at Consensys, commented on the bill appropriately addressing issues with the Howey test, stating:

“I, for one, am excited to see the Congress mandate narrowing and crystallizing of the Howey test. This is important!!! It can’t be a Swiss Army knife that allows market regulators to capriciously expand their supervisory authority over novel technology.”

The bill vitally establishes a framework for lawmakers to categorize crypto as investment contracts/securities or as digital commodities.

Why Does the Market Structure Bill Matter for Traders?

In July, the US House of Representatives passed the Market Structure Bill (294-134), sending it to the Senate. The updated draft, now under review, addresses feedback from stakeholders, and Democratic Party members’ reactions will determine whether it can pass the Senate by Thanksgiving.

XRP soared 14.69% on July 17 in response to the vote. The token outperformed the broader market on that day (+1.78%), underscoring the influence of favorable crypto legislative developments on XRP price action. Since then, XRP has consolidated but remains sensitive to fresh headlines.

XRP’s rally in response to the bill progressing to the Senate was unsurprising considering the SEC vs. Ripple case. The SEC would not have been able to pursue Ripple had the bill existed in 2020.  The bill would ensure that agencies cannot target existing tokens in the future.

Additionally, the new draft would protect investors from significant financial loss from regulatory overreach.

Price Action & Technical Analysis

XRP gained 0.65% on Friday, September 5, partially reversing Thursday’s 1.79% loss to close at $2.8147. The token outperformed the broader market, hovering below the psychological $3 level. Traders are watching the following technical levels:

• Support: $2.7 and $2.5.
• Resistance: $3.0, $3.3, and the all-time high at $3.66.

In the near term, several key catalysts could drive price action:

• Spot ETF headlines. Progress or delays in XRP-spot ETF reviews could trigger volatility. A BlackRock (BLK) iShares XRP Trust filing could be pivotal.
• Institutional Adoption: Blue-chip firms’ demand for XRP as a Treasury Reserve Asset could support prices.
• Regulatory milestones: Ripple’s application for a US-chartered bank license, legislative initiatives such as the Market Structure Bill, and updates from SWIFT could influence sentiment.

Catalysts & Scenarios

XRP’s outlook hinges on corporate, macroeconomic, and regulatory factors. Potential price scenarios include:

Bearish Scenario

• Legislative setbacks stall the Market Structure Bill in the Senate or delay crypto-friendly regulations.
• Blue-chip firms defer adopting XRP as a treasury reserve asset.
• Ripple’s US-chartered bank license faces rejection or delays.
• SWIFT retains dominance in global remittances, limiting Ripple’s market access.

These bearish triggers could push XRP below $2.7, exposing $2.5.

Bullish Scenario

• BlackRock files for an iShares XRP Trust, and the SEC approves XRP-spot ETFs, opening mainstream investment channels.
• Blue-chip companies add XRP to treasuries, and more payment platforms integrate Ripple tech.
• Ripple secures a US-chartered bank license, and legislative progress on the Market Structure Bill provides regulatory clarity.
• SWIFT loses share of global remittances to Ripple.

These events could drive XRP above its $3.66 (Binance) record high.

Conclusion

The Market Structure Bill’s progress on Capitol Hill and ETF approvals remain the key price catalysts for XRP.

In the meantime, headlines from Capitol Hill and the SEC will influence sentiment. A green light on ETFs or bipartisan support for the updated draft Market Structure Bill could trigger a breakout toward record highs. However, setbacks or delays risk pushing XRP back toward key supports.

For traders, the final few months of 2025 may dictate whether XRP becomes a mainstream investment story—or a cautionary tale under the weight of regulatory uncertainty.

See where analysts expect XRP to head in the coming months as regulatory and economic risks evolve.