XRP Price Impact If GENIUS Act Boosts Ripple’s RLUSD Market Cap to 50% of Tether’s $150B

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XRP Price Impact If GENIUS Act Boosts Ripple's RLUSD Market Cap to 50% of Tether's $150B

Highlights

  • Ripple (XRP) price eyes significant gains if RLUSD stablecoin's adoption surges if the GENIUS stablecoin act is passed next week.
  • If RLUSD attains half of Tether's $150 billion market cap, XRP price can easily reach $4.
  • A falling wedge breakout also shows a strong technical outlook as it maps XRP's surge to $4.

Ripple (XRP) is on the verge of an uptrend after Senator Bill Hagerty noted that the GENIUS stablecoin act will get Senate greenlight next week. Once this bill passes, it will have a notable impact on US-made stablecoins like RLUSD. However, can RLUSD attain 50% of Tether’s $150 billion market cap, and if it does, how will it impact XRP price?

XRP trades at $2.34 today after a 3.4% decline in 24 hours. Trading volumes were also down by 39% in 24 hours, according to data from CoinMarketCap.

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XRP Price If RLUSD Hits $75B Market Cap

Ripple’s RLUSD currently has a market cap of $313 million, and 2.66K holders. At press time, the dollar-pegged stablecoin posted $59 million in intraday trading volumes, significantly lower than Tether’s volumes of $66 billion.

XRP Price Impact If GENIUS Act Boosts Ripple's RLUSD Market Cap to 50% of Tether's $150B
RLUSD Stablecoin

However, RLUSD is about to gain a competitive edge over Tether’s USDT and likely support an XRP price recovery. US Senator Bill Hagerty noted that the US Senate will pass the GENIUS Act next week. Per the legislator, this bill will pave the way for the adoption of payment stablecoins.

The White House Advisor on Digital Assets, Bo Hines, supported Hagerty’s sentiments, adding,

“Stablecoins strengthen U.S. dollar dominance, modernise our outdated payment rails, and give Americans faster, cheaper, and more transparent ways to move money.”

This act may be the catalyst for a Ripple price rally by boosting the adoption of RLUSD. If this stablecoin can reach half of Tether’s $150 billion market cap, Ripple’s price will likely surpass $3 and aim for fresh all-time highs.

This bullish XRP price forecast is supported by historical data. In December 2024, after Ripple received regulatory approval for RLUSD, XRP’s price surged by over 70% in barely a month. A 30% rally from the current price of $2.37 will push Ripple to $4.

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Can RLUSD Attain Half of Tether’s Market Cap?

Getting to a $75 billion market cap may take years to achieve. However, if the GENIUS Act sees Tether lose its market share, RLUSD and other US-native stablecoins like USDC will step in and fill the gap, making more gains achievable.

In the last five months since its launch, RLUSD’s market cap has increased nearly six times alongside the XRP price. A six-fold increase from the current $331 million will push RLUSD to a nearly $2 billion market cap before the end of the year.

This growth may be accelerated by the GENIUS Act, and if RLUSD gains adoption as a means of payment across the US, its market cap may surge past $2 billion soon.

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Ripple Technical Analysis as $4 Breakout Looms

RLUSD’s adoption following the GENIUS Act bill is not the only factor that supports a bull run for XRP price. The technical outlook shows that the Ripple price has broken out of the upper resistance of a falling wedge pattern on the weekly chart, confirming that bulls are about to dominate the XRP market.

However, this bullish breakout will occur if XRP can make a decisive close above the resistance line, and currently, technical indicators suggest that it is likely to occur. The RSI is tipping north and making steady highs to confirm an uptick in buying activity. Meanwhile, the AO bars have turned green again, indicating that the XRP’s bullish momentum is gaining strength.

XRP Price Impact If GENIUS Act Boosts Ripple's RLUSD Market Cap to 50% of Tether's $150B
XRP/USDT: 1-Week Chart

Considering the above bullish setup, and the looming adoption of the RLUSD stablecoin after Senator Hagerty stated that the GENIUS stablecoin act will gain approval next week, the XRP price has the potential to reach $4 soon. This is achievable if RLUSD can gain high adoption and usage and possibly scoop a massive share of Tether’s USDT stablecoin.

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Frequently Asked Questions (FAQs)

1. What is the XRP price impact if RLUSD achieves 50% of Tether’s market cap?

If RLUSD reaches 50% of Tether’s $150 billion market cap, it will have a bullish impact on the XRP price. Such growth may push Ripple past $4.

2. Will the GENIUS stablecoin act boost RLUSD’s growth?

The GENIUS stablecoin act will likely boost the growth of the RLUSD stablecoin. The legislation will give US-native stablecoins a competitive edge in the market.

3. Can XRP price reach $4?

XRP price can reach $4 as portrayed in a falling wedge pattern. However, to achieve this, Ripple needs to make a decisive close above the falling wedge pattern.
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.