XRP News Summary - January 9, 2026
Author: Bob Mason
Published: January 9, 2026
Key Points
- XRP has experienced a three-day decline as US spot ETF outflows reached $40.8 million, impacting market sentiment.
- Despite the outflows, the progress of the US Market Structure Bill suggests a bullish medium-term outlook for XRP, targeting $3.
- Maintaining support above the $2.0 level is crucial for XRP's bullish structure and price targets.
Market Overview
The US XRP-spot ETF market reported its first day of net outflows on January 7, leading to a three-day losing streak for XRP. This decline occurred as the broader crypto market consolidated after a strong start to 2026.
Despite the recent pullback, the ongoing legislative developments regarding the Market Structure Bill and strong demand for XRP-spot ETFs support a bullish outlook for the token.
ETF Market Dynamics
The 21Shares XRP ETF faced significant outflows, totaling $8.18 million since its launch, marking a shift in sentiment. Other ETFs like the Canary XRP ETF and Grayscale XRP ETF have not experienced similar outflows, indicating a competitive landscape.
Recent reports of WisdomTree withdrawing its S-1 form for an XRP-spot ETF and Morgan Stanley focusing on Bitcoin and Solana ETFs have further influenced market sentiment.
Market Sentiment and Technical Analysis
Market intelligence platform Santiment indicated a potential reversal in market sentiment, suggesting that social media trends could influence price movements. The analysis of Bitcoin's price movements serves as a proxy for the broader crypto market.
Technical indicators show XRP trading below the 200-day EMA but above the 50-day EMA, suggesting a mixed outlook. Key support levels to watch include $2.0, $1.75, and $1.50, while resistance levels are set at $2.5, $3.0, and $3.66.
Legislative Developments
The upcoming markups of the Market Structure Bill by the US Senate Agriculture and Banking Committees are anticipated to provide a boost to XRP's fundamentals. Bipartisan support for the bill is crucial, as seen in previous legislative successes that positively impacted XRP's price.
Outlook and Risks
The outlook for XRP remains bullish in the short to medium term, with price targets of $2.5 in the near term and $3.0 in the medium term. However, several risks could challenge this outlook, including potential hawkish moves from the Bank of Japan, unfavorable US economic data, and partisan opposition to the Market Structure Bill.
Maintaining a price above $2.0 is critical for sustaining the bullish sentiment. A drop below this level could signal a bearish trend reversal.
Conclusion
In summary, XRP's price dynamics are influenced by ETF flows, legislative developments, and market sentiment. The combination of strong institutional demand and favorable legislative progress supports a bullish outlook for XRP in the coming weeks, with potential price targets reaching $3.66 in the longer term.