**Title: Potential XRP Price Impact from the GENIUS Act Boosting Ripple’s RLUSD Market Cap**
**Introduction:**
Ripple (XRP) stands in anticipation of potential gains as the GENIUS stablecoin act is projected to pass, opening doors for the growth of US native stablecoins like RLUSD. The impact on XRP’s price hinges on RLUSD potentially reaching half of Tether’s massive $150 billion market cap.
**XRP Price Potential with Growing RLUSD Market Cap**
Ripple’s XRP may witness a surge if RLUSD manages to secure a market cap of $75 billion, representing 50% of Tether’s supremacy in the stablecoin market.
**Current XRP Status and Trading Trends**
As of today, Ripple is trading at $2.37 despite experiencing a slight 1.35% decline in the past 24 hours. Trading volumes for XRP also saw a decrease of 37% within the same timeframe, based on CoinMarketCap data.
**RLUSD Market Cap and Holder Statistics**
Currently, RLUSD holds a market cap of $313 million with approximately 2.66K holders. In intraday trading, the dollar-pegged stablecoin recorded $61 million in volumes, showcasing a significant gap compared to Tether’s massive $54 billion volumes.
**Potential XRP Recovery with RLUSD’s Competitiveness**
Even with lower trading volumes, RLUSD is poised to establish a competitive advantage over Tether’s USDT, potentially supporting a rebound in XRP’s price.
**Conclusion:**
As regulatory support for native stablecoins strengthens through initiatives like the GENIUS act, the landscape for cryptocurrencies, particularly Ripple’s XRP, is poised for potential growth. The correlation between RLUSD’s market cap expansion and XRP’s price presents an intriguing prospect for investors and enthusiasts alike.
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[Source: CoinGape]