XRP supporter and game designer Chad Steingraber has renewed attention around his long-held price target of $250 for XRP , suggesting that the proposed GENIUS Stablecoin Act could play a critical role in achieving this valuation. According to him, the regulatory framework outlined in the bill may unlock a path toward mainstream adoption and institutional confidence, factors he believes are essential for such a dramatic price increase. Steingraber’s Consistent $250 Projection Steingraber has maintained his $250 price forecast since early 2024, even when XRP was trading significantly lower. At various points throughout 2024, he reiterated his stance, arguing that XRP was fundamentally undervalued and that $250 reflected its true worth. As of March 2025, with XRP holding steady around $2, he again emphasized his belief that the digital asset could reach three-digit territory by the end of the year. What Is the GENIUS Act, and Why Does It Matter? The GENIUS Act proposes a federal regulatory structure for stablecoins in the United States. It mandates that all stablecoins be fully backed by either physical cash or short-term U.S. Treasuries. The legislation also imposes rigorous standards on transparency, audit requirements, and licensing procedures. If passed, it could help integrate stablecoins more deeply into the U.S. financial system while reinforcing the U.S. dollar’s position in the global digital economy. The bill recently advanced in the Senate, receiving a 66–32 vote between May 19 and 22 to proceed. It is currently under further consideration, with a final vote expected following the Memorial Day recess. Journalist Eleanor Terrett has reported that lawmakers are working swiftly to expedite the legislative process, possibly bringing the bill to a vote within days. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Potential Implications for XRP Steingraber and other analysts argue that the GENIUS Act could catalyze wider XRP adoption, particularly through Ripple’s stablecoin, RLUSD. The stablecoin is expected to operate on the XRP Ledger and comply fully with the new regulatory guidelines. According to community member Pumpius , this alignment could allow Ripple to hold substantial volumes of U.S. Treasury bills, effectively positioning it as a key liquidity provider. This development would benefit XRP indirectly. As RLUSD transactions would require XRP to settle fees, which are then burned, the circulating supply of XRP would decrease over time. Analysts argue that this deflationary mechanism, combined with rising transaction volumes, could drive up the asset’s market value. Broader Community Perspectives Versan Aljarrah , the host of Black Swan Capitalist, also links the GENIUS Act to XRP’s potential for broader adoption. He suggests that the Act’s support for tokenized U.S. debt could open liquidity pipelines beyond traditional Federal Reserve channels, benefiting networks like the XRP Ledger. Crypto analyst SMQKE notes that institutional interest in RLUSD could increase if the Act provides greater legal certainty. He argues that with formal reserve, audit, and compliance requirements in place, RLUSD could become a preferred stablecoin for large investors, thereby indirectly boosting demand for XRP as network activity scales up. While the price target of $250 for XRP remains highly speculative, proponents like Steingraber believe that legislative clarity from the GENIUS Act could provide the structural foundation necessary for significant growth. As the bill moves through the Senate, XRP investors are closely watching its progress and its potential implications for Ripple’s ecosystem. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post GENIUS Act Could Send XRP to 11,200% Rocket Rally. Expert States How appeared first on Times Tabloid .
