Wednesday, June 19, 2024
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Ripple CEO: XRP Will Power the World

A recent post on X by Ripple CEO Brad Garlinghouse has ignited a lively discussion within the XRP community. The post featured a framed artwork depicting a dispirited chimpanzee holding a sign that reads, “Laugh now, but one day XRP will power the World!”

This artwork is a homage to Banksy’s renowned piece, “Laugh Now But One Day We’ll Be In Charge.” The original piece, which emerged in 2000 as part of Banksy’s East London “guerilla exhibition,” prominently features the image of a chimpanzee with a similar message.

Read Also: Blockchain Association Legally Joins Ripple and XRP in the Fight against the SEC 

The “Laugh Now” artwork is considered a pivotal moment in Banksy’s career, marking his evolution from a street artist to a social and political commentator. Banksy’s anti-authority legacy can be seen in Ripple and the XRP community’s fierce opposition to the attack from the U.S. Security and Exchange Commission (SEC) in the form of the XRP lawsuit. The artwork also represents the community’s resilience in the face of the lawsuit, and many believe Ripple will come out victorious.

Community Divided on Interpretation

Garlinghouse’s post of the adapted artwork has sparked a range of interpretations within the XRP community. Following the recent Ethereum ETF approval, excitement is rising for XRP ETFs.

Amid this excitement, some have interpreted Garlinghouse’s post as a bullish signal for XRP’s future potential. Some community members called for Garlinghouse to turn the image into an NFT on the XRP Ledger (XRPL).

XRPcryptowolf (@XRPcryptowolf), a prominent figure in the XRP community, showed support, saying that soon everything will run on XRP.

However, not all reactions were positive.  Skeptics pointed to XRP’s current price performance. At press time, XRP traded at $0.532. Although this price was up 2.38% over the past 24 hours, it was 86.15% below XRP’s all-time high of $3.84. One user called Garlinghouse irresponsible, accusing the CEO of spreading false hope.

Read Also: Ripple CTO’s Cryptic Tweet Sparks Speculation Among XRP Army. Sell or Hold XRP? 


Ripple’s Continued Focus on XRP Development

While the exact message behind Garlinghouse’s post remains open to interpretation, it undeniably highlights the ongoing commitment of Ripple toward XRP’s development. Ripple has consistently emphasized the utility of XRP as a fast and cost-effective cross-border payment solution.

Although some believed Ripple would abandon XRP after the company announced its upcoming stablecoin, the company has debunked this. Ripple’s Chief Technology Officer (CTO) David Schwartz recently revealed that the company would use both XRP and the stablecoin where each serves best, reassuring the community that XRP factors heavily into Ripple’s long-term plans.

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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.

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