Arizona is moving forward with a bill to include XRP in a state-managed digital assets reserve. The legislation, which recently passed the Senate Finance Committee with a 4-2 vote, aims to create a strategic reserve for digital currencies obtained through seizures or confiscations. XRP, alongside Bitcoin, is explicitly listed as an eligible asset. If enacted, the fund would be managed by the state treasurer with strict custodial oversight, marking Arizona as one of the first US states to formally reference XRP in a government financial framework.
XRP has maintained a price near $1.40 despite mixed market signals, with key resistance levels at $1.50, $1.54, and $1.91. The inclusion of XRP in Arizona's reserve is seen as a symbolic move that adds credibility to the cryptocurrency, reinforcing its reputation as a functional digital asset. Market activity shows accumulation by larger holders, suggesting potential upward pressure, while technical indicators present both bullish and bearish signals. Traders are advised to watch the $1.40–$1.44 support zone closely, as a strong hold could set the stage for a breakout.
Arizona Advances Bill to Include XRP in State Crypto Reserve
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