Missouri XRP Reserve Bill Sparks XRP Price Prediction as Wave-5 Targets $10
Missouri lawmakers have advanced a proposal that could place XRP in a state-managed Strategic Crypto Reserve Fund. The House Committee Substitute for HB 2080 passed Commerce Committee on a 6-2 vote with a “Do Pass” recommendation. If approved, the Missouri State Treasurer could acquire, hold and manage digital assets for at least 5 years, including XRP, Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USDC.
The bill would also let state agencies accept USDC for certain payments (taxes, fees and fines) subject to regulatory approval, and it includes restrictions on dealings with illegal entities plus requirements for transparent reporting and custodial partners.
Against this policy backdrop, XRP trades around $1.4 after declining from a near $3.6 peak. An Elliott Wave analysis cited in the article argues XRP completed a corrective phase (Wave 4) within a multi-year structure that began in early 2023. With support being defended along an ascending trendline formed after mid-2024 lows, the next phase (Wave 5) is projected to push prices higher, with estimates suggesting a potential move above prior highs and renewed attention to an eventual $10 narrative.
Separately, regulatory context remains supportive: XRP has been classified as a digital commodity rather than a security in the U.S. The Japanese Financial Services Agency is also considering potential crypto classification updates by 2027, though the article notes some claims about XRP’s status there are inaccurate.
Overall, the Missouri XRP reserve push is a new fundamental catalyst, while the technical setup is aimed at upside confirmation for XRP in the coming weeks to months.
Bullish
The news is likely bullish for XRP because it adds a tangible, state-level fundamental catalyst: Missouri is moving toward legislation that could allow long-term state treasury holdings of XRP alongside major coins. This can improve sentiment and increase the probability of sustained institutional-style demand narratives.
On the trading side, the article links the current XRP weakness near $1.4 to a concluded correction within a multi-year Elliott Wave count, pointing to a potential Wave 5 upswing. If traders view the policy headline as confirmation of long-term legitimacy while price holds the cited support/ascending trendline, short-term momentum can build. However, because XRP is still trading after a sharp drawdown, the move may be choppy until a clearer breakout occurs.
Historically, token-specific legislative headlines (especially those implying custody/treasury treatment) often trigger short-term rallies and volatility, with follow-through depending on technical confirmation. Here, the combination of a forward policy path and an upside wave projection tilts the balance toward bullish expectations, though execution risk remains until the bill actually passes and implementation details are clarified.