XRP snapped a five-day rally as traders booked profits ahead of the Senate’s Market Structure Bill markup on January 15. Optimism over US crypto legislation pushed XRP to $2.4154, its highest level since November, before a modest pullback. Increased optimism over the Senate passing crypto-friendly legislation pushed XRP to $2.4154 on Tuesday, January 6, its highest since November 13. 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.
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.
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. Medium-term (4-8 weeks): $3.0. Longer-term (8-12 weeks) $3.66.
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