US XRP-spot ETFs snapped a 10-week inflow streak as Senate delays and tariff risks weighed on sentiment. Weekly XRP ETF outflows of $40.64m pressured prices, leaving XRP down 4.29% for the week. XRP targets $2.5 short term and $3.0–$3.66 if legislation advances.
XRP would likely retarget its all-time high of $3.66 should the Senate pass the Bill. The US Senate Banking Committee and Senate Agriculture Committee delayed progress of the Market Structure Bill, weighing on demand for XRP. The Agriculture Committee released its draft text on January 21 but had to delay its markup vote, set for January 27, due to adverse weather. Near-term price drivers include XRP-spot ETF flows.
For context, XRP surged 14.69% on July 17 after the US House of Representatives passed the Market Structure Bill to the Senate. The passing of the Market Structure Bill could be the next price catalyst.
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