XRP reclaimed the $1.50 level for the first time in eight sessions, aiming to snap a five-week losing streak. Crypto-related legislative developments, robust demand for XRP-spot ETFs, and rising Fed rate cut bets lifted sentiment. This week’s US CPI cooling boosted demand for risk assets. Hopes that the Market Structure Bill would progress on Capitol Hill contributed to gains.
US XRP-spot ETF net inflows continued for a second consecutive week, signaling robust institutional demand. This rebound supports the medium-term outlook, even as near-term momentum remains mixed. Coinbase CEO Brian Armstrong commented on regulatory developments, expressing confidence that a market-structure win-win can benefit users. He noted that White House meetings signaled progress toward a win-win-win between the administration, banks, and crypto, including stablecoin rewards.
Coinbase released quarterly results with stablecoin revenue rising to a record $364.1 million in Q4, up 61% year-on-year. Full-year stablecoin revenue rose 48% to $1,348.8 million, representing 18.8% of total revenue. These results underpin Coinbase’s push for stablecoin rewards legislation and highlight the appeal of stablecoin yields for retail investors. Such a move would signal increased institutional interest and validate XRP’s utility outlook.
Speculation around an iShares XRP Trust by BlackRock could boost institutional demand if realized. Progress toward an agreement on stablecoin yields could bolster optimism that the Senate will pass the Market Structure Bill, boosting XRP demand. Near-term, the outlook is cautiously bearish with a target of $1.00 for 1–4 weeks, while the 4–8 week horizon points to $2.50. Beyond 12 weeks, XRP could test the all-time high near $3.66.
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