TLDR
- XRP may become part of New Hampshire’s digital asset reserve if it reaches a $500 billion market cap.
- The HB 302 law allows only cryptocurrencies with a market cap above $500 billion to be included in the state reserve.
- XRP currently holds a market cap of approximately $125.25 billion and ranks fourth among cryptocurrencies.
- Legal experts state that XRP must hit the market cap by 2026 to qualify for the reserve.
- Ripple is expanding partnerships with U.S. banks to increase the utility of XRP in cross-border transactions.
If it meets one condition, Ripple (XRP) may qualify for inclusion in New Hampshire’s state-backed digital asset reserve. A new law permits cryptocurrencies with a market cap over $500 billion to be included in the strategic reserve. XRP currently falls short of this mark but shows signs of growing demand and adoption.
XRP Faces Market Cap Threshold for Reserve Eligibility
New Hampshire passed HB 302, which allows the state treasurer to allocate funds to cryptocurrencies meeting the $500 billion market cap requirement. Based on current valuations and trading volumes, only Bitcoin qualifies under this rule. However, legal analysts confirm that XRP can qualify if it surpasses the market cap by 2026.
XRP ranks fourth in the market and is valued at approximately $125.25 billion at the time of reporting. To qualify, an asset must quadruple in value, but this is considered plausible due to increasing adoption. State officials could reassess eligible assets periodically, depending on sustained market performance.
Legal expert Fred Rispoli emphasized that XRP’s eligibility depends entirely on it crossing the market cap threshold within the next year. If XRP achieves this level, the state could add it to the reserve portfolio in the following cycle. The law also aligns with broader initiatives to diversify state-backed financial holdings.
According to this law that was passed, if $XRP hits a $500B market cap this year then it is also eligible for the NH digital asset strategic reserve in 2026! https://t.co/urYEFb0K6Q
— Fred Rispoli (@freddyriz) May 7, 2025
Ripple Expands Blockchain Finance Partnerships
Ripple’s ongoing efforts to expand partnerships with financial institutions continue to boost its utility and long-term value outlook. Several banks in the U.S. are exploring use cases involving XRP for cross-border payments and blockchain integration. This institutional interest may be key in driving XRP’s market valuation higher.
Analysts attribute Ripple’s network strength to growing confidence in its underlying technology and consistent legal clarity. The firm is a leader in blockchain-based payment infrastructure across multiple jurisdictions. This status enhances XRP’s credibility as a viable reserve asset if market dynamics shift.
With regulatory progress in key markets, XRP stands to gain from a supportive legal environment and rising enterprise adoption. While the timeline remains uncertain, the groundwork is laid for sustained growth. These developments align with the conditions set by New Hampshire’s reserve policy.
A proposal by Black Swan Capitalist introduced the concept of Ripple-backed government bonds, raising discussions about blockchain-based debt instruments. The proposal suggests governments issue bonds in XRP, offering fixed yields and streamlined blockchain-based settlements.
