Chad Steingraber, a prominent XRP supporter and game designer, is maintaining his price target of $250 for the cryptocurrency. He believes that the recently proposed GENIUS Stablecoin Act could play a critical role in achieving this valuation by unlocking mainstream adoption and institutional confidence. 2023 saw Steingraber stick to his $250 prediction, arguing that XRP was significantly undervalued and that the price accurately reflected its true worth. He remains confident that XRP will reach three-digit territory before year’s end. This belief stems from the bill’s potential to integrate stablecoins more deeply into the U.S. financial system while reinforcing the U.S. dollar’s position in the global digital economy. The Act recently advanced through the Senate, receiving a 66-32 vote to proceed, and is currently awaiting final approval. 30% of XRP holders are watching closely to see what happens with the bill.