XRP, Ripple’s native token, is strongly holding its key support level at $1.95, even after a major price drop in recent days. The daily chart shows that XRP has retested this level more than eight times, and each time, it has bounced back with strong upward momentum.
XRP Price Action and Technical Analysis
However, this time, the asset’s price has failed to show upside momentum due to the ongoing bearish market sentiment and is instead consolidating within a tight range, which is still better than breaking below this key level. Amid the current market uncertainty, several other assets have failed to hold their key levels and have experienced significant declines
XRP Price Prediction
According to expert technical analysis, XRP appears neutral, as the overall sentiment is bearish, making it unreasonable to label it as bullish. Currently, the asset’s price is near a key support level of $1.95 and has been consolidating within a tight range between $1.95 and $2.20 for over a week.
On the smaller timeframe, XRP has formed a bullish inverted head and shoulders pattern, and the price is on the verge of a breakout. Based on recent price momentum, if XRP breaks out of the pattern and closes a four-hour candle above the $2.22 level, there is a strong possibility it could soar by 16% to reach the $2.60 level in the coming days.
Source: Trading View
However, on the daily timeframe, XRP has already formed a bearish head and shoulders pattern, but its neckline is receiving support from the 200 Exponential Moving Average (EMA), which appears to be helping the asset stay above the key level.
Source: Trading View
Current Price Momentum
At press time, XRP is trading near $2.12 and has experienced a modest price decline of 0.50% in the past 24 hours. During the same period, its trading volume dropped by 60%, indicating lower participation from traders and investors compared to the previous day.
The growing trend of public crypto treasuries has sparked a race among altcoins. Each one vies to be the top choice for companies and institutions looking to establish strategic reserves.
In this race, the XRP community offers several arguments highlighting XRP’s superiority. What are those arguments? This article dives in and explains.
More Companies are Listing XRP as a Treasury Asset
Recently, Webus International, a China-based company, filed Form 6-K with the U.S. Securities and Exchange Commission (SEC). The filing confirmed a plan to build a $300 million strategic reserve focused on XRP.
Webus is not alone. VivoPower International also announced a $121 million XRP reserve plan. Meanwhile, Wellgistics has invested $50 million in XRP.
According to a recent report from BeInCrypto, VivoPower also plans to acquire $100 million worth of XRP through BitGo’s over-the-counter (OTC) desk.
This company just filed for a $300 million dollar XRP reserve.
What’s going on here? Why are companies doing this?
Most people will see this and think its primarily about price speculation but that’s not really the key thing that is happening here — the real strategy here is… pic.twitter.com/6plq0W8Tmm
These actions suggest that large companies worldwide increasingly view XRP as a strategic financial reserve asset.
What Drives Businesses to Choose XRP for Strategic Reserves?
Companies choose Bitcoin as a strategic reserve because they believe in its value-storing capability during inflation. But what motivates them to select altcoins instead?
Altcoins are more volatile and often depend heavily on the transparency and actions of their development teams.
Each altcoin offers a unique value proposition. XRP’s supporters believe they have solid reasons to trust it.
Austin King, co-founder of OmniFDN, suggests that companies might want to integrate XRP into their international payment systems.
They believe XRP’s fast transaction speed and low cost make it ideal for cross-border payments. This could help businesses improve financial efficiency and enhance transparency in global services, like Webus’s ride-hailing platform.
“Most people will see this and think it’s primarily about price speculation, but that’s not really the key thing that is happening here — the real strategy here is to latch onto these rapidly growing crypto networks to share in their growth,” said Austin King.
Analyst Pumpius offers another perspective. He believes this is not just speculation but a strategy to practically leverage the XRP ecosystem. One key development is the integration of RLUSD—Ripple’s stablecoin—into Ripple’s payment solutions.
“XRP isn’t being treated as a crypto — but as an asset for settlement architecture. Webus isn’t betting on price. They’re betting on utility,” Pumpius said.
These arguments are gaining traction, especially as experts predict the GENIUS Act will likely pass. If approved, it could pave the way for RLUSD’s growth.
As of June 2025, RLUSD has a market cap of $369 million. It is designed to support fast, low-cost cross-border transactions, complementing XRP and helping build a more robust financial ecosystem.
Every transaction using RLUSD on the XRP Ledger (XRPL) requires XRP as a transaction fee. This gradually reduces the supply of XRP, which could drive its long-term value.
What are the Risks of Holding XRP as a Strategic Reserve?
Still, XRP remains a highly volatile digital asset. Its price history reveals it dropped over 80% in two major downturns: 2018 and 2021. This raises serious concerns for companies using XRP as part of a strategic reserve.
XRP Price Volatility Over the Past Three Months. Source: BeInCrypto
Georgia is one of the top 10 bitcoin-friendly countries with a favorable tax regime. It has the second-highest bitcoin mining hashrate, making it a leader in the global crypto sphere. With low-cost electricity, the country is attracting new crypto startups and investors for crypto-related activities.
Cryptocurrency is not considered legal tender in Georgia; however, owning and trading crypto for exchange and investment purposes is permitted. The country has regulated several laws to develop the crypto ecosystem.
The most important crypto regulation in Georgia to date is the ‘Virtual Asset Service Provider (VASP) registration law.’ The National Bank of Georgia (NBG) regulated this law in 2023 to maintain the secure transfer and safekeeping of virtual digital assets.
In 2025, Georgia is emphasising the integration of digital assets into anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations. By 2026, Georgia will fully implement this new framework of VASP law.
AML/ CFT rules updated for virtual assets with KYC
What the Georgian Government is Saying About Crypto?
AML/CFT: The National Bank of Georgia (NBG) is responsible for regulating crypto-related laws. Its robust regulatory framework focuses on AML / CFT regulations to maintain integrity in financial systems.
Transparency and safekeeping: NBG requires all financial digital platforms to report suspicious activity and identify users to prevent fraudsters from luring customers. It collects data on cryptocurrency transactions to improve transparency and create a trusting digital wallet platform.
Crypto asset in the economy: The NBG-enacted laws are enforced through the Financial Monitoring Service (FMS), aiming to develop blockchain infrastructure. Currently, NBG is considering applications for potential digital assets to integrate them into the economy.
Crypto License in Georgia
The crypto licenses in Georgia vary, depending on the type of services the companies want to offer. The National Bank of Georgia is the primary body regulating licensing for virtual asset service providers (VASPs), such as:
Exchange License: Exchanges like UEEx, Cryptal, Binance, and GeCrypto are required to obtain from the National Bank of Georgia. This licensing allows the companies to exchange cryptocurrencies for fiat currencies and vice versa; KYC/AML compliance is mandatory.
Asset Storage License: It is needed for conducting initial coin or token offerings to raise funds for projects.
ICO/STO License: Companies are required to detailed project description to conduct initial coin or token offerings to raise funds for projects.
Crypto Tax in Georgia
No capital tax: The Georgian government has not imposed any capital tax on crypto-related activities for individuals.
Income tax: Profits from crypto trading and sales are exempt from the income tax policy of Georgia, since the income from crypto is considered foreign-sourced. It applies only to Georgian tax residents.
VAT: Does not apply to any crypto exchange.
Condition applied: To benefit from these tax-free regimes, one must qualify as a Georgian tax resident, which can be acquired after spending at least 183 days in Georgia within a 12-month period. This qualification can be earned via the high net worth (HNW) individual program as well.
Companies/ Businesses: Georgian companies engaged with cryptocurrency are subject to 15% corporate income tax (only taxable after the distribution of profit, with an additional 5%). Crypto mining is subject to the same tax regime.
Special condition: Georgia offers small business status (SBS) with a 1% turnover tax. If the turnover for 500,000 GEL is exceeded, it disqualifies the business of SBS.
Crypto tax Table
Categories
Individuals
Companies (mainland)
Companies (free zone)
Income tax on crypto
0%
15% (on distribution)
0%
Capital tax
0%
15% (on distribution)
0%
VAT on crypto
0%
0%
0%
Divided tax
NA
5%
5%
Crypto Adoption Rate in Georgia
User Penetration Rate: In 2025, the user penetration rate in Georgia for cryptocurrency is projected to be 14.13%, representing 153,350 Georgian users in the cryptocurrency market.
Digital asset market: Revenue of US$1.9 million in 2025; average revenue per user is estimated to be US$12.1.
Growth: Georgia is experiencing a growing interest in digital assets and cryptocurrency in the country. And with tax-free regimes for individuals, it is likely to evolve in the upcoming days.
Georgian Government Crypto Holdings
Bitcoin holding: As of 2025, the Georgian government holds over 66 Bitcoins, worth $6.86 million. It ranks eighth globally in bitcoin holdings. The crypto market in Georgia is emerging rapidly, which might take it higher on the global chart in crypto holdings.
Other cryptocurrency holdings: No public disclosure has been made by the Georgian government; policies focus on developing the crypto framework with enhanced regulations.
Conclusion
Georgia’s proactive approach to cryptocurrency has marked its position as a crypto hub in 2025. The government’s focus on making crypto-friendly regulations without imposing tax is to attract foreign investments. It also supports the private sector engaging with crypto if they comply with the regulations set by the federal law.
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Georgia is one of the top 10 bitcoin-friendly countries with a favorable tax regime. It has the second-highest bitcoin mining hashrate, making it a leader in the global crypto sphere. With low-cost electricity, the country is attracting new crypto startups and investors for crypto-related activities. Cryptocurrency is not considered legal tender in Georgia; however, owning …
A renowned crypto market analyst projected a highly bullish outlook for Polygon this Wednesday, triggering severe market concerns globally. Market expert Ali Martinez hinted that POL price remains primed to crash and hit a $0.04 level ahead. As a result, investor sentiments remain alarmingly negative about the token (formerly MATIC) as it currently sits at the $0.2 price level.
Top Analyst Warns Polygon Dip To $0.04 Ahead: But Why?
In an X post on March 19, Ali Martinez signaled that Polygon is undergoing a ‘macro trend shift.’ Despite the broader market showing resilience and preventing massive downturns, POL price has entered a bear market.
The analyst reveals that the crypto formed a ‘descending triangle’ pattern over the past 4 years. This formation characterized a horizontal support floor at the $0.32 price level. However, the price kept hitting lower highs as it advanced, forming a ‘descending trend line.’
Source: Ali Charts, X
Subsequently, on February 25 this year, the price bearishly broke out of this triangle, losing key support mentioned above. In turn, the “odds for an 86% bear market increase towards a target of $0.04 persist,” per the analyst.
How Is Polygon Performing Now?
As of press time, POL price recorded gains worth 1% intraday and exchanged hands at $0.2123. The coin bottomed and peaked at $0.2035 and $0.2136 over the past day. Besides, it’s noteworthy that monthly and yearly losses totaled 35% and 78%, respectively. The broader bearish action remains poised to bore more heat amid the loss of vital support at $0.32.
Declining OI Signals Waning Market Sentiment
Simultaneously, POL futures OI saw a significant decline since the beginning of this year. Coinglass data indicated that the OI slipped from a $119M level as of late January to reach a $55 million level to date.
Source: Coinglass site
The declining derivatives data flags a loss of investor interest in Polygon, adding to market concerns amid bearish predictions.
Market Braces For FOMC Today
On the other hand, the U.S. FOMC set to take place shortly ahead has kept investors on their toes. Currently, CME FedWatch Tool Data shows a 99% chance of unchanged interest rates by the U.S. Fed.
Nevertheless, Fed Chair Jerome Powell’s speech remains much-eyed by market participants. Following the economic turmoil caused by Donald Trump’s tariff saga, a dovish hint towards upcoming monetary policies could significantly relieve crypto prices. In turn, even POL could leverage some macro relief, although bearish investor sentiments persist.
It’s also noteworthy that per CoinMarketCap, “the upgrade from MATIC to POL has been initiated on Ethereum’s mainnet.” The crypto’s community revealed that as a Polygon PoS, zkEVM user, MATIC holder, node operator, or staker, users remain poised to witness an effortless and seamless upgrade process.
