The first state-level Bitcoin Reserve bill in the US is now fully approved, as New Hampshire’s Governor Kelly Ayotte signed it into law today. This makes New Hampshire the first state to get such a plan across the finish line.
Although Florida and Arizona saw recent setbacks, a victory in New Hampshire is a substantial accomplishment.
However, New Hampshire has bucked this trend, creating the US’s first Strategic Bitcoin Reserve/
New Hampshire is once again First in the Nation!
Just signed a new law allowing our state to invest in cryptocurrency and precious metals. pic.twitter.com/ua9bawZKbM
— Governor Kelly Ayotte (@KellyAyotte) May 6, 2025
This Reserve bill puts New Hampshire at the head of the country in a few ways. In addition to allowing the state to purchase and hold Bitcoin, there is another interesting aspect.
Specifically, the law is not exclusively tailored to Bitcoin. It allows the state to purchase any cryptoasset with a market cap over $500 billion. Today, that’s only BTC, but others could join.
New Hampshire’s successful effort will encourage other Bitcoin Reserve bills and provide valuable data on how this system works in practice. Other state governments can learn from New Hampshire’s successes and failures to refine their own legal initiatives better.
Meanwhile, Trump’s national Bitcoin Reserve plan is still unclear. The initial executive order provided a 60-day deadline for the Treasury to assess the plans for a digital asset reserve. That deadline ended yesterday, but no concrete update has been given yet.
As of now, the Governor has not specified the amount of BTC the state will purchase. However, according to the bill, New Hampshire can allocate a maximum of 5% of total state funds to purchasing Bitcoin.
For 2026-2027, the state’s total fund is $16 billion in expenditures. So, it will be interesting to see how much of that will be allocated for BTC.
XRP is rallying after the SEC officially dropped its lawsuit against Ripple, triggering a 13% price surge in the past 24 hours. Strong technical signals and growing market participation are supporting the bullish momentum.
XRP’s network activity is also hitting record levels, with active addresses soaring to new highs. As traders digest the legal victory and positive market signals, XRP’s outlook is strengthening, increasing the chances of further upside in the near term.
XRP DMI Shows Buyers Are In Full Control
XRP’s DMI chart reveals a notable shift in momentum, with its ADX (Average Directional Index) rising to 20.4 from 15.64 following the news that the SEC is dropping its lawsuit against Ripple.
This increase signals a strengthening market trend, as the ADX tracks the overall strength of a trend without specifying its direction.
The recent surge suggests that the price action is gaining conviction, especially as the market digests the positive legal developments surrounding Ripple.
In XRP’s case, the +DI has jumped from 18.3 to 39, while the -DI has dropped from 19.63 to 12.97, indicating a clear bullish divergence.
This sharp rise in buying strength (+DI) combined with a weakening bearish signal (-DI) supports the idea that XRP is attempting to maintain and possibly extend its uptrend. If this dynamic continues, it could see further upside in the short term as bullish momentum builds.
XRP Active Addresses Are Reaching New Records
XRP’s network activity has been surging, with the number of 7-day Active Addresses reaching an all-time high of 1.19 million. This is a massive increase from the 237,000 recorded on February 27, marking an almost fivefold rise in just a few weeks.
Tracking the number of active addresses is crucial as it offers insight into the level of user engagement and real demand on the blockchain.
Generally, an increase in active addresses can suggest that more participants are transacting or interacting with the network, which often correlates with stronger liquidity and potentially higher price volatility. In XRP’s case, this record-breaking surge in activity could act as a bullish signal, hinting at growing interest and possibly renewed capital inflows.
While it doesn’t guarantee immediate price appreciation, such strong network participation could help support XRP’s price and reduce downside risk, especially if coupled with other bullish technical or fundamental factors.
Can XRP Reach $3 Soon?
Its EMA lines are currently pointing to a potential new golden cross forming soon.
Should this scenario unfold, XRP price may first challenge the resistance at $2.648. If buying momentum strengthens further, the price might push toward $2.99, potentially breaking above the barrier at $3.
In this case, the key support level at $2.47 would become clear. A breakdown below this threshold could expose XRP to further downside risk, testing $2.21 and possibly driving it down to as low as $1.90.
Gate.io Staking officially launched the BTC staking product, with a base APR of 2%. This product provides investors with a secure and stable way to grow their digital assets. By staking BTC, users can earn corresponding returns, which will be distributed in the form of GTBTC. The exchange ratio between GTBTC and BTC is 1 to 1. The amount of return is directly related to the amount of BTC staked by the user.
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