Recent comments from game designer Chad Steingraber have drawn attention to his long-standing $250 price target for XRP, potentially supported by the GENIUS Act.
XRP Price Forecast
Chad Steingraber has maintained his $250 price forecast for XRP since early 2024, even when the asset was significantly lower. He argues that XRP is undervalued and that this figure reflects its true worth. As of now, with XRP steady around $2, he reiterated his belief that a three-digit price could be realized by year-end.
Importance of the GENIUS Act
The GENIUS Act proposes a federal regulatory framework for stablecoins in the United States, mandating that they be fully backed by physical cash or short-term U.S. Treasury securities. The bill has recently passed in the Senate, instituting rigorous transparency and audit standards that may help integrate stablecoins more deeply into the U.S. financial system.
Community Impact on XRP
Analysts, including Steingraber, believe that the GENIUS Act could drive wider adoption of XRP, particularly through Ripple's stablecoin RLUSD. This may increase demand for XRP, as transactions involving RLUSD will require XRP for fee settlements. Community commentary also highlights potential benefits from supporting tokenized U.S. debt.
While the $250 price target for XRP remains speculative, proponents suggest that legislative clarity from the GENIUS Act could provide a structural foundation for growth.
