XRP Today’s News: Arizona Proposes Legislation to Include XRP as a Treasury Reserve Asset

Arizona House Rules Committee passed SB1649 with a vote of 8 to 0, proposing the establishment of a Digital Assets Strategic Reserve Fund. The proposal clearly brings XRP and digital assets such as Bitcoin (BTC), stablecoins, etc. under the direct jurisdiction of the state treasurer. This would mark the first state-level fiscal reserve proposal in the U.S. that explicitly lists XRP in the legislative text. However, due to weakness across the broader crypto market, XRP fell 4.5% on the day to $1.28.

SB1649: Key milestones from committee review to full House vote

The core of Arizona’s SB1649 is establishing a Digital Assets Strategic Reserve Fund, authorizing all digital assets that are seized, surrendered, or held by the government to be consolidated under the treasurer’s direct management. The bill specifically names XRP, Bitcoin, stablecoins, and certain altcoins, showing that the legislature has classified and recognized different tokens’ characteristics rather than using a broad catch-all term like “cryptocurrency.”

The most notable part of the bill is the revenue provision: it authorizes the treasurer to actively generate returns from reserve assets through methods such as staking, airdrops, and limited lending. This directly writes XRP’s staking-reward characteristics into the legislative framework, elevating it from a static reserve asset to a potential income-generating fiscal tool.

In terms of the legislative process, after SB1649 was passed unanimously by the House Rules Committee, it has now entered the stage of a vote by all members of the House. Compared with several similar proposals that were previously stalled in committee, this bill’s advancement speed—and the committee’s unanimous support—has exceeded the expectations of most observers. If the bill passes, Arizona will become the first jurisdiction in the U.S. to officially recognize XRP as a fiscal reserve asset at the institutional level, setting a precedent for similar legislation in other states and at the federal level.

Technical angle: Dual focus on the $1.25 support and the $1.40 breakout point

(Source: TradingView)

XRP’s current technical structure is under pressure. It is currently trading at $1.28, below the 50-day moving average (MA) of $1.44. The Relative Strength Index (RSI) is 43, sitting in a neutral-to-bearish range. It has not entered oversold territory yet, but the short-term chart clearly lacks upside momentum.

Key technical levels right now

Support level: $1.25 is the key near-term support; the strongest support is at $1.23

Resistance level: $1.33 to $1.34 is the near-term resistance. A sustained break above $1.40 is needed to confirm upside momentum

Downside risk: If $1.25 is lost, macro pressure will further intensify, and XRP may test areas below $1.20

A TradingView analyst noted that XRP is currently forming a bullish flag pattern. If the pattern is confirmed, the price action could accelerate to the upside. If it breaks down instead, the downside room will expand significantly.

FAQ

What is Arizona’s SB1649?

SB1649 is a legislative proposal in Arizona to establish a Digital Assets Strategic Reserve Fund. It authorizes the state treasurer to manage digital assets including XRP, Bitcoin, stablecoins, and more, and allows obtaining additional returns through staking, airdrops, and limited lending. The bill passed the House Rules Committee on March 30 by a vote of 8 to 0 and is now in the stage of a vote by all members.

What is the real-world significance of SB1649’s passage for XRP?

If the bill passes, Arizona will become the first state in the U.S. to officially list XRP as a state fiscal reserve asset at the legislative level, providing a direct reference for similar legislation in other states. The bill’s authorized provisions for actively earning staking rewards further solidify the institutional framework that positions XRP as an “income-generating fiscal tool,” beyond the usual role of a static reserve asset.

Where is XRP’s most critical technical support right now?

$1.25 is the most critical near-term support level, and the strongest support is at $1.23. To confirm upside momentum, it needs to break above $1.40 effectively. If $1.25 is lost, it could probe further into areas below $1.20. This technical analysis is for reference only and does not constitute investment advice.