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Ripple & XRP: The Stage Is Set for Success: NOW Make it Happen

  • mstone619
  • Aug 9, 2024
  • 3 min read

For years, the belief was that Ripple’s partnerships, cutting-edge technology, and strategic marketing would naturally lead to success for both the company and XRP. While these elements are crucial, the true catalyst for success lies in the adoption of services that provide genuine utility to both enterprises and retail users. In a short amount of time, we’ve witnessed substantial progress on this front, setting the stage for potential mass adoption.



The Lawsuit: A Turning Point


The conclusion of the lawsuit marks a significant turning point for Ripple and XRP. This legal battle has been a major distraction, casting a shadow of uncertainty over the future. However, with the lawsuit now behind us, Ripple can finally focus on what truly matters—building, acquiring, and launching businesses that drive real-world utility. The possibility of the SEC extending the case still exists within the next 60 days, but both sides seem to have gained enough to be satisfied. This newfound clarity allows XRP to regain its liquidity in the U.S. market, a critical factor for its broader adoption.


The Transformation of the XRPL


As the dust settles from the legal battles, the XRP Ledger (XRPL) is undergoing a remarkable transformation. The introduction of Automated Market Makers (AMMs), Non-Fungible Tokens (NFTs), and borrowing and lending capabilities are pushing the XRPL into the modern era. These advancements enhance its versatility while maintaining its core strengths—speed, low cost, and world-class finality. What’s remarkable is that these upgrades have been implemented without compromising the ledger’s key attributes. The XRPL remains as robust as ever, now with added features that make it more attractive to developers and users alike.


RLUSD: A Potential Game-Changer


One of Ripple’s most exciting developments is the launch of RLUSD, a stablecoin that has the potential to become a world-class asset. If successful, RLUSD could be a highly profitable venture for Ripple and a cornerstone of the XRPL’s utility. The introduction of RLUSD will also enhance Ripple’s payment services, making them more efficient and viable on a global scale. The key to success here lies in leveraging the XRPL for its highest and best utility rather than forcing XRP’s role. XRP will naturally be used where it fits best, a strategy that will ensure its sustainable growth.


The Perfect Time for Growth


With U.S. regulations beginning to take shape, now is the perfect time for Ripple to accelerate its growth. Ripple’s payments service, stablecoin business, and custody services are all poised for expansion. This is a crucial moment to capitalize on the momentum and drive broader blockchain adoption. However, it’s important to acknowledge the challenges that lie ahead.


Ecosystem Challenges: A Time for Reflection


The XRPL ecosystem is currently experiencing turbulence, with key infrastructure providers and developers exiting the system. This is a critical time for reflection and planning to ensure the XRPL is well-positioned for long-term success. Recently, Ripple President Monica Long addressed these concerns, reassuring the community that a new foundation will be established. This is a golden opportunity to decentralize the blockchain and set it up for the coming decade.


Conclusion: The Road Ahead


The decisions made today will shape the future of Ripple and the XRPL. While nothing is guaranteed, all signs point to growth, adoption, and improvement compared to the past four years. The battle for survival is over; now it’s time to fight for blockchain adoption and utility. The stage is set, and the future looks promising.



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mike burnett
mike burnett
2024년 8월 09일

Nice article, Jungle. We need focus on the XRP vs RLUSD thing.

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