The US state of Arizona is preparing to make XRP a public treasury asset. Meanwhile, XRP is currently trading at $1.28, down 4.5% today, amid intense fear gripping the crypto market and emerging bearish expectations. However, the bill that could change everything is closer to a full vote in the House than most think.
Arizona bill SB1649 seeks to create a “Strategic Reserve Fund for Digital Assets,” placing digital assets seized, divested, or held by the state under the direct control of the state treasurer. XRP was explicitly mentioned alongside Bitcoin, stablecoins and a selection of altcoins.
The measure passed the House Rules Committee 8-0 on March 30, bringing it to a full-house vote. Importantly, the law allows the Treasurer to generate additional returns through staking, airdrops, or limited lending, meaning that the utility of XRP as a yield-generating reserve asset is already built into the legislative text.
Although the macroeconomic landscape currently looks negative, Ripple’s growing institutional legitimacy is keeping long-term optimists on their toes. Whether this law passes or not, the precedent it sets for crypto adoption at the state level cannot be ignored.
XRP Price Prediction: Will It Hit $2 Before Arizona House Vote?
XRP is currently going through a pressure buildup phase. Trading below $1.30, the asset remains below the 50-day SMA of $1.44, while the relative strength index (RSI) sits at a bearish neutral level of 43; Which means that it has not yet reached the oversold zone, but it lacks momentum. For investors, key levels to watch are support at $1.25 and stronger support at $1.23. Resistance lies between $1.33 and $1.34, with $1.40 being the line that must be breached to achieve a significant recovery.
In an optimistic scenario, if the Arizona House of Representatives approves SB1649 and prospects for ETF approval crystallize within a firm timeline, XRP could regain the $1.42 level, paving the way towards the $2.10 upper limit that analysts are indicating for 2026.
However, if the $1.25 level fails to hold and macroeconomic pressures build, XRP could retest areas below $1.20. A TradingView analyst has identified a “bull flag” pattern being developed, which could lead to a bullish parabola if confirmed, or be painful if the pattern is broken.
Maxi Doge turns heads as XRP tests crucial support levels
XRP’s 6% weekly drop serves as a reminder that fundamentally strong assets can also bleed in risk-free environments. For traders who are not willing to wait out the potentially lengthy accumulation phase of this huge market capitalization, early pre-sales offer a different risk profile; Higher volatility but with asymmetric upside opportunities that $80 billion in assets cannot provide.
Maxi Doge ($MAXI) is a meme coin built on the ERC-20 standard, centered around a massive 240-pound dog mascot and an aggressive trading culture. The presale has raised $4.7 million to date at the current price of $0.0002811, while offering storage returns of up to 66% per year to early investors.
Features of the project include exclusive trading competitions for coin holders with rewards for rankings, a Maxi Fund for liquidity and partnerships, and meme-based marketing designed to go viral. The current risk-averse environment is actively drawing attention to pre-sales projects like this.
This article is for informational purposes only and does not constitute financial advice. Crypto assets are very volatile; Always do your own research before investing.
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