Arizona Moves to Include XRP in State Digital Reserve; Price Holds Above $1.40

XRP held firm above $1.40 on Tuesday as traders digested a mix of market caution and encouraging policy news out of Arizona that’s giving XRP bulls a fresh talking point. Arizona moves to include XRP in state digital-asset reserve Arizona lawmakers cleared a major procedural hurdle for a bill that would explicitly name XRP as an eligible asset in a state-managed digital-assets reserve. SB1649 — the Digital Assets Strategic Reserve Fund bill — passed the Arizona Senate Finance Committee on a 4–2 vote and would create a strategic reserve made up of digital currencies obtained through seizures or confiscations. The fund would be overseen by the state treasurer with custodial safeguards in place. Crucially, the proposal lists XRP alongside Bitcoin as an eligible asset. While the measure is largely symbolic — the state would not be buying XRP with taxpayer dollars — formal recognition in a government financial framework gives XRP additional legitimacy and has sparked a wave of social-media interest among crypto observers. Market picture: accumulation amid mixed technical signals Price action for XRP has been relatively steady but rangebound over the past month. Current technicals and on-chain flows paint a mixed picture: - Support: XRP is finding a key floor in the $1.40–$1.44 area; traders are watching this zone closely. A break below roughly $1.42 could trigger a short-term pullback toward $1.12. - Resistance and targets: Near-term hurdles sit at $1.50 and $1.54. Beyond those, upside targets include $1.67, $1.91 and $2.13. A sustained move north of $2.00 would likely signal a return of broader bullish momentum. - On-chain flows: Exchange outflows indicate accumulation by larger holders, and smaller “whale” wallets have been adding to balances — a structural signal that could underpin further gains. - Indicators: Momentum oscillators suggest limited short-term buying pressure, but longer-term “smart money” metrics point toward potential upside. What this means for traders and holders Arizona’s bill gives XRP a reputational boost rather than an immediate market catalyst, but that symbolic recognition matters in a space where regulatory clarity and institutional acknowledgement can influence sentiment. For now, the trade remains balanced — short-term caution is warranted while accumulation and the policy nod provide a constructive medium-term backdrop. Watch the $1.40–$1.44 support zone for signs of stability or weakness, and monitor the listed resistance levels for potential breakout confirmation. Read more AI-generated news on: undefined/news