XRP Plummets Again! Shocking Market Bill Delay Could Cost You Thousands—Find Out Why!

The recent developments surrounding the Market Structure Bill have generated significant interest among investors, particularly regarding the cryptocurrency XRP. The bill is currently making its way through various committees, and its fate could have substantial implications for the crypto market in the United States.

If the US Senate Banking Committee approves the draft text of the Market Structure Bill, the next focus will shift to the US Senate Agriculture Committee. A successful approval by this committee would merge its text with that from the Banking Committee, paving the way for a crucial Senate floor vote. Should the bill pass, it will then return to the House of Representatives for further consideration. The timing of the bill reaching President Trump will depend on whether the House makes any amendments to what the Senate has approved.

Eleanor Terrett, host of Crypto in America, has weighed in on the potential timelines for crypto legislation, stating, “March is the absolute earliest. Could even be the summer if the House decided to make changes to what the Senate sends them.” This uncertainty indicates a lengthy process ahead, but it also highlights the growing momentum for regulatory clarity in the crypto space.

Despite recent setbacks, the progress of the Market Structure Bill, coupled with robust demand for XRP-spot ETFs, suggests a bullish short- to medium-term price outlook for XRP. Analysts are cautiously optimistic, setting a short-term price target of $2.50. Longer-term projections remain even more encouraging, with targets of $3.00 in the medium term (4-8 weeks) and $3.66 in the longer term (8-12 weeks). These figures reflect heightened optimism surrounding XRP's utility and market conditions.

However, there are several risks that could undermine this bullish outlook. Key scenarios to monitor include:

• A potential announcement from the Bank of Japan regarding a hawkish neutral interest rate, possibly in the range of 1.5%-2.5%. Such a move could prompt a yen carry trade unwind, adversely affecting the short-term outlook for XRP.
• US economic indicators and Federal Reserve signals that dampen expectations for a rate cut in the first half of 2026.
• Opposition from US lawmakers regarding the Market Structure Bill, which could further delay crypto legislation.
• Outflows from XRP-spot ETFs, which could lead to diminished investor confidence.

If any of these scenarios materialize, they could trigger a sell-off, pushing XRP below $2 and signaling a bearish trend reversal.

From a technical analysis perspective, XRP experienced a 0.93% decline on January 12, following a previous day’s loss of 0.79%, closing at $2.0529. This recent downturn has placed XRP below both its 50-day and 200-day exponential moving averages (EMAs), indicating a bearish bias in the longer term. Yet, the underlying fundamentals remain largely bullish.

Key technical levels to watch include:

• Support levels at $2.00, $1.75, and $1.50.
• 50-day EMA resistance at $2.0706.
• 200-day EMA resistance at $2.3301.
• Resistance levels targeting $2.50, $3.00, and $3.66.

A breakout above the 50-day EMA could signal a potential move towards $2.20, while consistent movement beyond this level would open the door to testing the 200-day EMA. A sustained breach above these key EMAs would reinforce the bullish medium-term projection and support the longer-term price target of $3.66.

The developments surrounding the Market Structure Bill and the evolving landscape for cryptocurrency regulation in the US could fundamentally alter the market dynamics for XRP and other digital assets. Investors are encouraged to keep a close eye on these legislative processes, as the outcomes could significantly impact their portfolios.