Ripple CEO reflects on the darkest days for XRP. He prepares for a brighter journey ahead for the altcoin. Can XRP hit a new ATH price this year? For those of us who have been present figures
For those of us who have been present figures in the crypto space since the inception of Bitcoin and the rise of the crypto market, the journey has been sparkling and tumultuous, showing the erratic and volatile nature of the industry. From glory to ruin and the back again, one of the best told stories comes from Ripple and XRP. Recently, Ripple CEO reflects on the darkest days for XRP and prepares for a brighter journey ahead for the altocin.
Ripple and XRP have one of the most inspirational stories in the crypto space. For those of us who have been in the industry for a long time, it has been a marvel to see this firm go from a vision to truly bringing it to fruition. Indeed, most projects begin like this but only the most determined ensures to reach the finish line despite all the challenges they face. What makes XRP stand out from the rest?
https://twitter.com/i/trending/2075985014706315398As we can see from the post above, the CEO of Ripple, Brad Garlinghouse, disclosed that the 2020 SEC suit, accusing the firm of $1.3 billion in unregistered XRP sales, pushed Ripple to consider distributing XRP to shareholders and closing down. In this talk at the University of Kansas on July 8, Garlinghouse stated that he and co-founder Chris Larsen chose to fight despite the government's resources and $125-150 million in legal costs.
By gathering strength and believing in their cause, the Ripple Foundation then went on to secure victories like a 2023 ruling that XRP isn't a security in secondary sales and the SEC dropping its appeal in 2025. What’s more, former CTO David Schwartz confirmed lawyers saw the company as unsavable, yet Ripple endured delistings and doubt to gain 75 global licenses, MiCA approval, and partnerships with banks like HSBC and Santander.
From this we see that Ripple not only showed innovation and strong leadership, but also resilience and a driving force to bring their vision to reality. As a result, despite the grueling battle with the SEC and the disheartening delisting of XRP following 2020, the asset experienced two years of harrowing shadow trading on offshore exchanges only to come out stronger than ever.
https://twitter.com/BankXRP/status/2075977985811988802As we can see from the post above, this struggle is highlighted before the spotlight on its success is talked about. Now, XRP is boasting a resolved case, Ripple's US business fully back, licenses secured across multiple jurisdictions, institutional partnerships stacking up globally, and banks actually building on the tech, not just talking about it. The same ‘dead’ project people wrote off in 2020 is now sitting at the center of institutional adoption.
