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The US state of Arizona is moving closer to making XRP a public asset. Meanwhile, XRP is trading at $ 1.28, down 4.5% today, amid the great fear that grips the crypto market and the bearish expectations that are coming. However, a bill that would change everything is closer to a full vote in the House than many think.
Arizona’s bill SB1649 seeks to create a “Strategic Reserve Fund for Digital Assets,” to place digital assets confiscated, donated or held by the state under the direction of the state treasurer. XRP is clearly mentioned alongside Bitcoin, stablecoins, and selected altcoins.
The measure passed the House Rules Committee 8-0 on March 30, prompting a full house vote. Most importantly, the law allows the treasurer to bring in additional funds through staking, airdrops, or micro-lending, meaning that XRP’s role as a yield-generating asset is already established in legal terms.
Although the economic growth looks negative right now, Ripple is accelerating institutional adoption and creating long-term optimism. Whether this law passes or not, the precedent it sets for the adoption of crypto standards cannot be ignored.
XRP Price Predictions: Will It Hit $2 Before Arizona House Vote?
XRP is currently going through an accumulation phase. Trading below $1.30, the stock remains below the 50-day SMA of $1.44, while the Relative Strength Index (RSI) stands at a neutral level, remaining at 43; Which means it hasn’t reached oversold territory, but it’s underpowered. For investors, the key levels to watch are support at $1.25, and strong support at $1.23. Resistance is at $1.33-1.34, with $1.40 being the line that must be broken to achieve any recovery.
In the event of hope, if the Arizona House of Representatives approves SB1649, and the approval expectations of the ETF appear within the fixed period, XRP may regain the level of $ 1.42, paving the way to the upper limit of $ 2.10 that experts are pointing to in 2026.
However, if the level of $1.25 fails to hold, and the financial crisis worsens, XRP may repeat the areas below $1.20. An analyst at TradingView has found a “bull flag” pattern in the making, which could lead to a bullish Parabolic if confirmed, or be painful if the pattern breaks.
Maxi Doge turns heads as XRP tests key support levels
XRP is down 6% on a weekly basis and is a reminder that the strongest assets can also bleed into risk-free environments. For traders who do not want to wait for a potentially long period of accumulation of large market capitalization, presales in their early stages offer a different risk; Great volatility but it’s a high asymmetric opportunity that an $80 billion economy can’t achieve.
Maxi Doge ($MAXI) is a meme coin built on the ERC-20 standard, centered around a large 240-pound dog and aggressive trading culture. The pre-sale has raised $4.7 million to date at a current price of $0.0002811, while offering savings of up to 66% per year to early investors.
These projects include a business competition for investors with prizes on the board, Maxi Fund for liquidity and partnerships, and meme marketing that creates a problem. Today’s risk-averse market is pushing attention to pre-purchased projects like these.
This article is for informational purposes only and does not constitute financial advice. Crypto assets are highly volatile; Always do your research before investing.
A note Arizona is moving to adopt XRP as a reserve asset and the value of the currency is pending appeared for the first time Cryptonews Arabic.
