XRP eyes a four-day winning streak as speculation intensifies about the US Senate passing the Market Structure Bill.
Reports of US lawmakers setting a date for the Market Structure Bill boosted demand for XRP at the end of the year. Crypto-friendly legislation would likely open the door to a wider investor base and drive institutional interest.
The progress of the Market Structure Bill coincided with robust inflows into XRP-spot ETFs, tilting the supply-demand balance in XRP’s favor.
These two key price catalysts support a bullish short- to medium-term price outlook for XRP.
Below, I will explore the key drivers behind recent price trends, the medium-term (4-8 weeks) outlook, and the key technical levels traders should watch.
US Senate Banking Committee Market Structure Bill Markup Looms
On December 31, the US Senate Banking Committee announced a January 15 markup date for the Market Structure Bill. The US government shutdown dented hopes of crypto-friendly legislation being in place by year-end, weighing on sentiment.
Notably, XRP fell from an October 1 high of $2.9619 to a December 19 low of $1.7712. While the US government reopened on November 12, the shutdown delayed the progress of the Market Structure Bill, overshadowing the launch and robust inflows into XRP-spot ETFs.
The latest developments and prospects of the Senate passing the Market Structure Bill set the stage for a bullish price outlook for 2026.
