XRP posted its first two-day winning streak since January as focus shifted to White House talks on stablecoin yields. Hopes for consensus between banks and crypto firms on stablecoin yields lifted XRP demand ahead of key US talks. Strong XRP-spot ETF inflows contrasted with BTC ETF outflows, supporting XRP’s bullish medium-term outlook.
The US administration is looking for US banks and crypto firms to reach an agreement by the end of the month on yields to schedule a spring Senate floor vote on the Market Structure Bill. For context, the US House of Representatives passed the Market Structure Bill to the US Senate on July 17, 2025. However, the US Senate Banking Committee postponed its January 15 markup vote on draft text for the Market Structure Bill after Coinbase withdrew its support for the Bill. Coinbase CEO Brian Armstrong cited several reasons for pulling its support, including the draft text killing rewards on stablecoins and allowing banks to ban their competition.
An agreement on yields will likely be crucial for crypto legislation to pass before the looming midterm political wrangling begins. With the US Senate Agriculture Committee having advanced its draft text of the Market Structure Bill, the onus is on the Banking Committee to follow suit. If US banks and crypto firms can find common ground on stablecoin yields, the Banking and Agriculture Committees must then merge their text to advance the complete Bill to the Senate floor. Notably, the Agriculture Committee’s draft text advanced despite not a single Democrat voting in favor, fueling uncertainty about the outcome of a Senate floor vote.
These dynamics underscore the significance of the February 10 meeting. Progress toward a compromise would raise hopes of a full Senate vote in the spring, a boon for XRP. Medium-term (4-8 weeks): $2.5; Longer-term (8-12 weeks): $3.0. Beyond 12 weeks, tailwinds could push XRP toward new highs beyond $3.66, with a break above $3.66 potentially targeting $5 in the 6- to 12-month horizon.
Leave a Reply