- Claims about an “XRP Reserve Bill” in Texas are unfounded; official documents mention only Bitcoin, not other cryptocurrencies.
- U.S. government’s digital asset stockpile holds seized altcoins, but Texas reserve policy is limited to assets above $500 billion market cap.
A viral claim about an “XRP Reserve Bill” in Texas spread across social networks in recent days. The claim alleged a mandate to buy up to $100 million of XRP per year. Public records and legislative reports show no such policy. The rumor is false.
On Sept. 27, the Texas Senate approved SB 21, named the Texas Strategic Bitcoin Reserve. The statute authorizes crypto investments meeting a market-capitalization threshold above $500 billion. At present, only Bitcoin clears the bar. The bill text mentions no XRP or other altcoins. Language centers on Bitcoin as a digital store of value.
Confusion likely stems from federal plans announced earlier in the year. The White House endorsed a U.S. Strategic Bitcoin Reserve using BTC seized by federal agencies and held by Treasury.
Officials also described a separate Digital Asset Stockpile comprising non-BTC tokens arising from law-enforcement seizures. Plans do not include scheduled purchases of altcoins. Future additions would occur only if agencies seize more tokens.
A social post by Donald Trump referenced XRP, SOL, ADA, ETH, and BTC in the context of reserves. ETHNews analysts read the post as a nod to leading market-cap assets, not as confirmation of current holdings. Government balance sheets remain unclear outside public auction records and Treasury disclosures.
For traders, policy clarity matters more than rumor cycles. Texas law, as written, supports Bitcoin accumulation by a state entity and excludes other assets via the capitalization filter. XRP price action, liquidity, or regulatory treatment in Texas does not change under SB 21.
XRP (Ripple) is trading at $2.84, down 1.31% in the last 24 hours. Over the past week, the token has slipped 0.42%, but it remains up 40% in six months and 343% year-over-year. Its market capitalization stands at $170 billion, with a 24-hour trading volume of $4.92 billion.
XRP is currently stabilizing above $2.80 support, with immediate resistance near $2.92. Analysts note that a breakout above $2.93 could open the path toward $3.10–$3.15, and potentially $3.30–$3.35, while a failure to defend $2.80 may drag the token back to $2.70.
On the regulatory front, Ripple finally closed its five-year battle with the SEC in August, agreeing to pay a $125 million penalty. This settlement provides regulatory clarity for XRP in the U.S. market and is expected to reduce legal uncertainty that weighed heavily on the token since 2020.
ETF developments remain at the forefront
The SEC recently requested that issuers withdraw XRP ETF filings due to updated listing standards, but analysts now argue that approval odds are near 100%, aligning with broader crypto ETF momentum. Such approval could boost institutional adoption of XRP as a settlement asset.
Additionally, Ripple continues to expand the XRP Ledger’s role in payments and NFTs, with new partnerships in Asia, including SBI Ripple Asia’s plan to build an NFT payment platform in Japan. This reflects Ripple’s efforts to position XRP beyond remittances and into tokenized digital commerce.
