CLAIM: The final fall of Babylon occurs at the end of the age and signifies the fullness of this prophecy. This passage was partially fulfilled during the fall of Babylon in 529 BC, and was a cause for rejoicing because it resulted in the release of the Jewish exiles. The exiles were free to return to the land and rebuild the temple.
False.
The idea that Babylon will be rebuilt is not a viable alternative coming from Revelation 17-19.