XRP: “I Thought It Would Collapse After Exchange Delistings” — CoinDesk Executive Admits “I Was Wrong”

▲ XRP

XRP has staged a spectacular comeback after overcoming the critical crisis of being delisted from Coinbase, directly overturning experts’ past predictions that had declared the game was over.

According to cryptocurrency media outlet The Crypto Basic on February 13 (local time), former CoinDesk Chief Content Officer Michael J. Casey officially admitted that his earlier prediction of XRP’s downfall was wrong. Casey had previously assessed XRP’s chances of survival as extremely low when Ripple began its legal battle with the U.S. Securities and Exchange Commission (SEC).

When the SEC filed a lawsuit against Ripple in 2021, major exchanges including Coinbase delisted XRP, effectively isolating it from the market. At the time, Casey used the provocative phrase “game over,” asserting that XRP would never return to the regulated financial market. However, in 2023, XRP secured a summary judgment from the court ruling that it was not a security, marking a dramatic turnaround in the history of the digital asset industry.

Following the court ruling, Coinbase promptly relisted XRP, making it a symbolic example of an asset that survived regulatory pressure. In recent remarks, Casey acknowledged that the strong cohesion of the XRP community and Ripple’s legal response capabilities far exceeded his expectations. He admitted his misjudgment, adding, “I underestimated how decisive market resilience and community support can be for an asset’s survival.”

XRP is now accelerating its expansion beyond a simple trading asset, advancing real-world utility through global payment infrastructure and the XRP Ledger. With institutional capital flowing back in, it is further solidifying its position as a top market capitalization asset. The crisis that once nearly led to its removal from the market has instead become an opportunity to secure legal clarity and establish a unique standing within the institutional framework.

XRP’s survival amid the intense turbulence of the digital asset market presents an important milestone for other projects facing conflicts with regulators. Experts analyze that, freed from its legal constraints, XRP is highly likely to establish itself as a key pillar of liquidity supply within the global financial system.

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