The state of Arizona has included the XRP currency in its state legislation. Bill number 1649 received approval from the Senate Finance Committee by a majority of 4 votes to 2, supporting the proposal to create a strategic reserve fund for digital assets.

Unlike most state-level cryptocurrency bills that focus solely on Bitcoin, this bill explicitly mentions XRP and DigiByte as eligible assets alongside BTC.

The bill does not allow the state of Arizona to purchase cryptocurrencies with taxpayer money. Instead, it permits the state to hold seized or surrendered digital assets rather than liquidating them immediately.

The state treasurer has discretionary authority to securely hold those assets or use qualified exchange-traded products. This distinction reduces political risks.

Arizona's step is characterized by being a departure from the Bitcoin-only approach in other states. By including XRP, the bill acknowledges the importance of networks focused on public utilities, not just on assets used for storing value.

The bill is now referred to the Senate Rules Committee. If passed by both chambers, it will be sent to the governor's office. A previous bill regarding investment in digital currencies was rejected, but this version is designed differently to address those concerns.

For XRP, the importance lies not in immediate buying pressure, but in legitimacy. Its inclusion in government reserve items indicates that policymakers are becoming more willing to treat XRP as a recognized digital asset within public finance frameworks.

XRP Price Forecast: Could this bring XRP back above $2.00?

The price of XRP is still moving within the downward channel and has tested the minimum near $1.30 again.

This level is critical. Buyers have defended it several times, preventing a sharp drop towards $1.10.

The overall trend during this period is still downward. However, the repeated highs at the $1.30 level indicate the formation of demand.

If XRP maintains this level and heads towards $1.61, it will represent the first real shift in its momentum. Exceeding the $1.61 level opens the way for it to reach $1.90, with $2.40 being a key swing target.

If the $1.30 level falls decisively, the $1.10 level will become the next major support level.

In the long term, the increasing mention of XRP in discussions about state reserves provides a positive backdrop. This does not lead to immediate buying waves, but it enhances its credibility as long as support remains.

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