Fortune, a leading business and finance publication, recently published an article suggesting that Ripple and its cryptocurrency XRP could still succeed regardless of the outcome of the ongoing legal case with the US Securities and Exchange Commission (SEC).
The article cited several factors that could contribute to Ripple’s success, including the growing adoption of blockchain technology, the increasing popularity of cryptocurrencies, and Ripple’s strong partnerships with major financial institutions.
Furthermore, the article highlighted Ripple’s recent announcement of a new on-demand liquidity service, which could make it easier for financial institutions to transfer funds globally using XRP.
Ripple Could Succeed Amidst Of battle
For Instance, for the topic “Ripple and XRP may finally be for real,” Roberts reveals that he has always been sceptical of the value proposition of the cryptocurrency until he met with Ripple President Monica Long this week. Notably, the “Kings of Crypto: Coinbase and the Next Generation Finance” author now believes Ripple and XRP have found their niche with Ripple’s On-Demand Liquidity (ODL) product.
“All of this is to say that Ripple, more than ever before, has figured out a long-term value proposition for both the company and XRP—and that it may be poised to succeed regardless of how its big court case turns out,” Roberts surmised.
While the SEC’s case against Ripple has caused some uncertainty for the company and its investors, the article suggests that Ripple’s success is not entirely dependent on the outcome of the legal battle.
Despite the ongoing case, XRP has seen significant price gains in recent months, with its value surging by over 300% since November 2020.