Missouri lawmakers have advanced a proposal that could position XRP alongside major digital assets in a state-managed crypto reserve, bringing renewed attention to the token’s long-term outlook.
The development comes as XRP trades near recent lows following a broader market downturn, while analysts continue to assess its technical structure and future price trajectory.
Missouri Bill Proposes XRP Inclusion in State Crypto Reserve
The House Committee Substitute for HB 2080 has moved forward with a “Do Pass” recommendation after clearing Missouri’s Commerce Committee in a 6-2 vote.
The bill proposes creating a Strategic Crypto Reserve Fund, which would allow the State Treasurer to acquire, hold, and manage digital assets, including XRP, Bitcoin, Ethereum, Solana, and USDC.
Under the proposal, the state would be permitted to receive cryptocurrencies through donations, grants, or transfers, while also investing public funds into selected assets. The Treasurer would be required to hold assets for a minimum of 5 years, with the ability to sell or convert them in line with the long-term strategy.
The legislation also enables state agencies to accept USDC for taxes, fees, and fines, subject to regulatory approval. Additional provisions include restrictions on transactions involving illegal entities, as well as requirements for transparent reporting and the use of custodial partners.
The inclusion of XRP within this framework places it among assets considered for long-term state-level financial management.
XRP Technical Structure Points to Potential Upside
At the same time, XRP price action has remained under pressure, trading around the $1.4 level after declining from a peak near $3.6.
Market data shows that XRP has completed a corrective phase within a multi-year Elliott Wave structure that began in early 2023.
According to this framework, the asset moved through Waves 1 and 2 before reaching a peak near $3.40 in Wave 3 in early 2025. The recent downturn, which brought XRP toward the $1.1–$1.4 range, is associated with the completion of Wave 4.
Source: X
Analyst Dark Defender noted that the structure remains intact despite ongoing volatility, with price movements aligning with the expected pattern. The next phase, Wave 5, is projected to target higher levels, with estimates pointing toward a potential move above previous highs if the structure continues.
Current price action shows XRP testing support along an ascending trendline formed after mid-2024 lows, with buyers defending key levels.
Regulatory Developments Add Context to XRP Outlook
Beyond price structure, regulatory developments continue to shape XRP’s position within the digital asset market.
In the United States, XRP has been classified as a digital commodity rather than a security, providing a clearer framework for its use and trading.
At the same time, discussions in Japan have addressed potential future changes to classification, though reports suggesting XRP is already recognized as a financial instrument remain inaccurate.
Japan’s Financial Services Agency is considering updates that could reclassify crypto assets under existing financial laws by 2027.
These efforts reflect a broader trend of governments refining their approach to digital assets as adoption increases.
