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<p>A crypto analyst has predicted that cryptocurrency payments company, <a href="https://bitcoinist.com/xrp-ripple-10-trillion-sector/">Ripple</a> could be the next high-valuation company, similar to Amazon and Facebook. This prediction comes as XRP witnesses poor performance amidst market volatility and Ripple’s <a href="https://bitcoinist.com/ripple-case-may-end-without-sec-appeal/">ongoing court battle</a> with the United States Securities and Exchange Commission (SEC).&nbsp;</p> 
<h2 id="analyst-predicts-ripple-emerging-as-billion-dollar-start-up">Analyst Predicts Ripple Emerging As Billion-Dollar Start-Up</h2> 
<p>The host of the AllinCrypto YouTube channel has <a href="https://youtu.be/DU-g3q5W9dE?si=8Jr6XSdzeYl0UMvG" rel="nofollow noopener" target="_blank">released</a> a new video, underscoring Ripple’s future outlook and its ability to become a billion-dollar company. The analyst has expressed confidence that the United States will <a href="https://bitcoinist.com/ripple-us-banks-xrp-payments/">adopt Ripple</a> as a “unicorn company” just like e-commerce and tech giants like Amazon, Apple,&nbsp;Facebook and Microsoft.&nbsp;</p> 
<p>The analyst also disclosed that Ripple was on a similar growth trajectory as these leading companies which have contributed to the US’s burgeoning economy. He based his predictions on the crypto payment’s stablecoin plans, highlighting how <a href="https://bitcoinist.com/ripple-expand-the-use-of-xrp-for-treasury-payments/">US treasury</a> members are acknowledging the importance of stablecoins within the nation’s economy.</p> 
<p>In the YouTube video, the crypto analyst shared a recent news article by Wall Street Journal which emphasized how cryptocurrency could stave off a potential <a href="https://bitcoinist.com/bitcoin-mining-spared-from-30-tax/">debt crisis in the US</a>. He disclosed that treasury members were discussing the ways <a href="https://www.newsbtc.com/news/stablecoins-steal-the-spotlight-150-billion-market-cap-122-billion-daily-trades/" rel="nofollow noopener" target="_blank">stablecoins</a> could help the US maintain its global dominance, highlighting possibilities for these digital assets to solve the “colossal debt burden that the US currently has.”</p> 
<p>Earlier in April, Ripple <a href="https://bitcoinist.com/ripple-emerge-tether-upcoming-stablecoin-launch/">announced</a> its intentions to launch a USD-pegged stablecoin, competing against established stablecoin giants like Tether (USDT) and Circle (USDC). This development aligns with the crypto payments company’s <a href="https://bitcoinist.com/ripple-targets-it-services-industry/">plan to expand its digital payments footprints</a> while also strengthening its position in the US financial market.&nbsp;</p> 
<p>With a <a href="https://www.statista.com/statistics/807216/ripple-market-capitalization-quarterly/" rel="nofollow noopener" target="_blank">growing</a> market capitalization of more than $29 billion as of June 4, Ripple is still far behind tech giants like Amazon and Facebook which both have market capitalizations of more than $1 trillion. The crypto payments company will have to achieve a similar market valuation and widespread adoption as these tech giants before it can gain the status of a “unicorn company.”</p> 
<p>Currently, Ripple is doing all it can to <a href="https://www.newsbtc.com/news/ripple/ripple-eyes-tokenized-assets-sector/" rel="nofollow noopener" target="_blank">expand its global operations and services</a> despite the declining performance of XRP, the native token of the XRP Ledger (XRPL). Additionally, its ongoing legal battle with the US SEC and the <a href="https://bitcoinist.com/expert-slams-sec-chairman-over-ethereum-nature/">lack of regulatory clarity</a> for digital assets in the US could potentially impede the crypto payments company growth rate.&nbsp;</p> 
<h2 id="xrp-lackluster-performance">XRP Lackluster Performance</h2> 
<p>Given the <a href="https://www.newsbtc.com/news/xrp-sinking-a-double-blow-of-underperformance-and-address-exodus/" rel="nofollow noopener" target="_blank">poor performance of XRP</a> in the cryptocurrency market, the crypto analyst’s projection for Ripple to become a unicorn company may seem rather ambitious. <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-stuck-0-50/" rel="nofollow noopener" target="_blank">XRP has been consolidating</a> around the $0.5 price threshold for years, witnessing major declines even during favorable market conditions.&nbsp;</p> 
<p>The cryptocurrency’s stagnant value has deeply <a href="https://bitcoinist.com/xrps-underperformance-ruffles-feathers-as-community-asks-ripple-to-do-something-about-price/">frustrated long-term XRP investors </a>and community members, prompting some to sell off their considerable holdings. As of writing, the <a href="https://bitcoinist.com/crypto-expert-xrp-price-suppressed/">price of XRP</a> is $0.49, reflecting a 1.52% decrease in the last 24 hours and a 9.36% decline over the past month, according to CoinMarketCap.</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/To2WknIO/" alt="XRP price chart from Tradingview.com" width="3286" height="1576">

Crypto Analyst Touts Ripple To Be The Next Amazon And Facebook Despite Poor XRP Performance

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Bitcoinist

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