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- Analysts believe that Ripple holds the edge when it comes to legal lawsuit against the US SEC.
- Once this settles, analysts believe that Ripple’s growth could be exponential making it the next Amazon, Google, etc.
In a massive bullish call for Ripple, renowned wealth manager Clive Thompson, shared his optimism about the future of Ripple and XRP. The wealth manager believes that within the blockchain space, Ripple can become as big a player as Google, Amazon, and Apple.
Thompson disclosed his views on Ripple during a recent livestream interview with Versan and Vandell Aljarrah, founders of Black Swan Capitalist. Vandell also stated that Ripple’s payment network and its native crypto XRP will continue to exist with every bank adopting the same in the future.
📈 📊 Renowned Wealth Manager Clive Thompson is convinced that XRP will succeed.
"I'm very much hoping that Ripple Labs with it's token XRP becomes big like Amazon or Google…and too big for the SEC to have a fight with.."
🙏 @vandell33 #XRPCommunity #XRPArmy #XRPL pic.twitter.com/LQC0quYyqC
— Ingrid 🇨🇵 🇺🇲 👁️🗨️ (@IBcroc) August 31, 2023
In July, Ripple secured a partial victory in its legal dispute with the U.S. SEC when Judge Analisa Torres ruled that XRP should not be classified as a security.
While this ruling marked a partial win against the SEC’s allegations of unregistered security sales by Ripple, the legal battle is still ongoing, with the SEC filing an interlocutory appeal following the decision.
In a recent interview, Versan expressed confidence that Ripple will ultimately emerge victorious in the ongoing case, anticipating a complete legal triumph. he added.
The only thing regulators can do now is strike a balance between persevering integrity and allowing disruptive technology to thrive
Despite Ripple’s initial partial victory, XRP experienced a significant 40% drop in value over a span of just two months. There are rumors circulating that Ripple is gearing up to announce its inaugural IPO on September 29, positioning itself as a leading candidate for mainstream adoption following Bitcoin.
Can Ripple Become as Big As Amazon or Google?
Of course, this looks to be quite a monumental target for Ripple, and expecting it to cross over a trillion-dollar in valuation. But wealth manager Clive Thompson believes that this is very much possible.
He envisions a scenario where Ripple could become so influential that even government intervention might prove challenging. Furthermore, Ripple’s resolute stance against the SEC is gaining considerable attention. Experts widely view this as a significant development in the ongoing Coinbase vs. SEC legal battle. Many laud Ripple’s decision to file a motion against what they perceive as the SEC’s unjust practices and its scrutiny of Gary Gensler’s role in the crypto industry’s slowdown.
The wealth manager has expressed his unwavering support for the judge’s ruling that XRP is not a security, reinforcing his belief that Ripple will ultimately triumph, even in the face of the SEC’s appeal. This perspective underscores a growing sense of optimism regarding Ripple’s potential to reshape the financial landscape.
As said, Ripple’s native crypto XRP lost all of the gains after the court ruling. The XRP price for now is holding just above $0.50 and is trading at a market cap of $26.49 billion.
