Arizona is moving to make XRP a state treasury asset. XRP price itself trades at $1.28, down by 4.5% in today, with crypto sentiment at extreme fear and a single bearish prediction hitting the market. The bill that could change everything is closer to a full House vote than most traders realize.
Arizona’s SB1649 would create a Digital Assets Strategic Reserve Fund, placing confiscated, surrendered, or state-held digital assets under the state treasurer’s direct control. XRP is explicitly named alongside Bitcoin, stablecoins, and a handful of altcoins.
The measure cleared the House Rules Committee 8-0 on March 30, moving it to a full chamber vote. Critically, the bill allows the treasurer to earn additional returns through staking, airdrops, or limited lending, meaning XRP’s utility as a yield-bearing reserve asset is already baked into the legislative language.
The macro backdrop is ugly right now, but Ripple’s accelerating institutional legitimacy keeps long-term bulls engaged. Whether this bill passes or not, the precedent it sets for state-level crypto adoption is hard to ignore.
Discover: The best crypto to diversify your portfolio with
XRP Price Prediction: $2 Before Arizona’s House Vote?
XRP is consolidating under pressure. At under $1.30, the asset is trading below its 50-day SMA of $1.44, with RSI sitting at a neutral-to-bearish 43, not yet oversold, but lacking momentum. For holders, these are the key levels to watch. Support is at $1.25, and the strongest is at $1.23. Resistance sits at $1.33–$1.34, with $1.40 the line that needs to break for any meaningful recovery.
In a good scenario, the Arizona House passes SB1649, ETF approval odds crystallize into a confirmed timeline, and XRP reclaims $1.42, opening a path toward the $2.10 upper bound analysts cite for 2026.
But if $1.25 fails, macro pressure deepens, and XRP retests sub-$1.20 territory. One TradingView analyst has identified a forming bull flag, parabolic if confirmed, painful if it resolves downward.
Discover: The best pre-launch token sales
Maxi Doge Eyes Early-Mover Upside as XRP Tests Key Support
XRP’s 6% weekly decline is a reminder that even fundamentally strong assets bleed in risk-off environments. For traders unwilling to wait out a potentially extended consolidation at this market cap, early-stage presales offer a different risk profile, higher volatility, but asymmetric upside that a $80B asset simply can’t replicate.
Maxi Doge ($MAXI) is an ERC-20 meme token built around a 240-lb canine mascot and a unapologetically aggressive trading culture. The presale has raised $4,7 million at a current price of $0.0002811, with staking at 66% APY in rewards for early holders.
Features include holder-only trading competitions with leaderboard rewards, a Maxi Fund treasury for liquidity and partnerships, and meme-first marketing built for viral distribution. The risk-off market environment is actively pushing attention toward presale-stage projects like this one.
Research Maxi Doge before the presale window closes.
This article is for informational purposes only and does not constitute financial advice. Crypto assets are highly volatile. Always do your own research before investing.
The post XRP Price Prediction: XRP Could Soon Become a State Treasury Asset appeared first on Cryptonews.
Credit: Source link
