In the latest XRP news, Ripple alumni Austin King has highlighted the blockchain firm’s secret strategy to dominate the digital assets space. Notably, the former Ripple employee said that XRP Ledger (XRPL) may soon hit new heights. Notably, King has shared his insights suggesting that the XRPL is likely to witness a 400X increase in its revenue ahead.
XRP News: Ripple Alumni Highlights Company Goal
Ex-Ripple executive Austin King revealed Ripple’s strategic focus in an X thread. He highlighted Ripple’s significant financial backing to Trump’s inauguration, which raised over $200 million breaking records. Notably, he noted that the blockchain firm contributed 500% higher than peers like Coinbase and Kraken, underlining its commitment to building influence.
Meanwhile, King emphasized Ripple’s long-standing push for clear regulations. According to him, this aligns with the vision of Ripple Chairman Chris Larsen. Larsen, a fintech pioneer who founded E-Loan and Prosper, views regulation as a stepping stone to establishing Ripple as a global settlement network.
This ambition extends beyond payments, aiming to integrate Ripple into the financial ecosystem managing trillions in traditional finance transactions. In other words, King emphasized that Ripple’s strategy hinges on aligning with regulatory frameworks and strengthening ties with the Trump administration, paving the way for a transformative phase in crypto finance.
XRP Ledger Revenue To Skyrocket Amid Soaring XRP Adoption
The Ripple alumni also noted that the blockchain firm only focused on the payments solution in the “bootstrapping phase”. However, the “real goal” of the firm has always been becoming the “global settlement network for the trillions of dollars in traditional finance.”
Austin King noted that this goal might turn into a reality under the Trump administration. Given Ripple executives like CEO Brad Garlinghouse, CLO Stuart Alderoty’s close association with Donald Trump, the firm may benefit from the new crypto-friendly administration. Having said that, King said that this goal might greatly impact XRP and XRPL’s revenue in the coming days.
How Will It Impact XRPL?
The former Ripple executive said that once Ripple achieves its goal, the banks and financial technology firms will likely buy XRP to manage their assets and transactions on the ledger. In addition, other networks like Ethereum, Solana, and others, might be “forced to reposition around XRP.”
On the other hand, it could significantly boost the XRP Ledger revenue, King noted. King estimates that XRPL’s revenue model could expand 400X from its current payments-focused framework to encompass broader financial applications. This evolution would leverage XRP’s utility in global settlements, signaling a new era for Ripple and the crypto market.
Top Lawyer Bill Morgan Reacts
Pro-XRP lawyer Bill Morgan, responding to King’s post, raised critical questions about Ripple’s regulatory vision. In a recent X post, Morgan said:
But this begs the question, regulated in what manner. Obviously not as a security.
His comments underscore the legal ambiguity surrounding XRP’s status and the ongoing Ripple SEC lawsuit. In other words, the potential for Ripple to reshape global finance hinges on regulatory developments. Under a Trump administration, King believes Ripple’s ambitions could gain momentum which has fueled optimism over further positive XRP news in the coming days.
XRP Price Dips But Analyst Remains Optimistic
XRP price was down nearly 5% today and exchanged hands at $3.10, after touching a 24-hour high of $3.35. Notably, this dip comes amid a broader altcoin market crash, which many experts think was due to the absence of any crypto mention in Trump’s inauguration speech.
However, despite the recent dip, analysts remained optimistic about the future trajectory of the token. In a recent X post, popular expert Ali Martinez said that the crypto has reflected a bullish flag while predicting a potential rally to a new ATH of $4.40.
Source: Ali Martinez, X
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