Pour white chocolate chips into a medium bowl.
In a microwave safe bowl, melt butter with zest. Stir in heavy cream and heat it in microwave until just under a boil.
Pour mixture through a strainer while over the white chocolate chip bowl. Press with the back of a spoon to squeeze out all flavor from the zest.
Sit for one minute. Add orange extract and food coloring. Whisk smooth. Cover and chill for at least 2 hours.
Scoop out heaping Tablespoons of mixture and roll into balls. If too cold to scoop, let it sit on the counter a few minutes. Roll in powdered sugar. Chill and serve!