Washington, D.C. — The U.S. cryptocurrency market is facing a renewed legislative deadlock this weekend after Coinbase officially withdrew its support for the Senate's highly anticipated Market Structure Bill. The abrupt pivot, driven by aggressive banking lobby efforts to ban stablecoin yields, has thrown the regulatory timeline into chaos. Yet, amidst the political storm, XRP has displayed remarkable resilience, holding firm at the critical $2.00 psychological support level. This price stability is being fueled by a massive surge in institutional confidence, with XRP spot ETF inflows hitting a cumulative $1.28 billion, creating a formidable shield against regulatory FUD (Fear, Uncertainty, and Doubt).

Coinbase vs. The Banking Lobby: The Regulatory Standoff

The collapse of the Senate’s Digital Asset Market Clarity Act (CLARITY Act) negotiations marks a significant turning point in US Market Structure Bill news. Coinbase CEO Brian Armstrong announced late Thursday that the exchange could no longer support the bill in its current form, citing a "poison pill" provision allegedly inserted by banking lobbyists: a complete ban on stablecoin yield legislation.

Industry insiders report that the banking lobby has been working overtime to restrict non-bank entities from offering rewards on stablecoins. Reports suggest this aggressive stance is an attempt to protect a nearly $360 billion revenue stream derived from traditional deposits and swipe fees. By preventing crypto platforms from passing yield to customers, banks aim to stifle the competitive threat posed by digital dollars.

This legislative friction has effectively stalled the bill, leading the Senate Banking Committee to postpone the markup indefinitely. For the broader crypto market, this signals a prolonged period of regulatory limbo, usually a bearish signal. However, the market's third-largest asset, XRP, is telling a different story.

XRP Resilience: Why the $2.00 Support is Holding

Despite the bearish headlines from Capitol Hill, XRP has refused to break below the $2.00 mark. Analysts point to a decoupling of asset performance from legislative news, driven largely by the "institutional floor" provided by ETFs. While retail sentiment has wavered due to the Coinbase regulatory standoff, institutional heavyweights are buying the dip.

In the last 48 hours alone, trading volumes for XRP have remained robust, absorbing selling pressure that would have typically sent the asset spiraling toward $1.80. The $2.00 level has transformed from a technical resistance into a solidified demand zone. This resilience suggests that the market is pricing in a long-term victory for Ripple vs US banks, regardless of the current legislative delay.

The ETF Factor: $1.28 Billion in Institutional Armor

The primary driver of this stability is the unprecedented activity in the ETF sector. XRP spot ETF inflows have reached a cumulative milestone of $1.28 billion, with significant capital entering the market just as the political news turned sour. This influx serves as a counterweight to retail panic selling.

Investment firms like BlackRock and Franklin Templeton are reportedly seeing sustained interest from wealth managers who view XRP as a diversified bet against the traditional banking friction highlighted by the current lobbying war. As long as these inflows continue, the $2.00 support level remains difficult for bears to breach.

XRP Price Prediction 2026: What Comes Next?

With the $2.00 floor seemingly secure, attention is turning to the next major resistance levels. XRP price prediction 2026 models are increasingly bullish, contingent on the asset maintaining this support through the current legislative volatility.

  • Short-Term Target: If XRP can close above $2.15 this week, technical analysts project a rapid retest of the $2.40 highs.
  • Mid-Term Outlook: Should the regulatory dust settle—or if the banking lobby is forced to compromise—analysts foresee a breakout toward $2.75 by the end of Q1 2026.
  • The Bull Case: A sustained decoupling from legislative news, fueled by continued ETF adoption, could push XRP toward a new all-time high of $3.66 to $4.00 later this year.

Conclusion: A Market Maturing in Real-Time

The current standoff over the crypto market regulation updates is a stress test for the entire industry. In previous cycles, news of a major bill failing would have triggered a double-digit crash. Today, XRP's ability to shrug off bad news from Washington serves as proof of a maturing market structure.

While the US Market Structure Bill remains in limbo, the financial reality is clear: Wall Street has voted with its wallet, and it is voting for XRP. As the battle between Coinbase and the banking lobby rages on, XRP investors are finding solace in the fact that institutional adoption is moving faster than legislation.