Ripple is rumored to be gearing up for an IPO, which could have a significant impact on XRP's price.
If Ripple's stock hits a projected level, XRP may rally dramatically.
However, it is important to note that this situation is unique and that Ripple's stock performance and XRP's price are subjective.
Have you ever heard the saying ‘Once a rumor can become todayโs reality’?
Ripple, the crypto-world’s darling, is rumored to be gearing up for an Initial Public Offering (IPO), marking a major moment in its journey. With the recent legal victory and Garlinghouse’s promise of a celebration, the sentiments are high and positive. Needless to say, everyone wants more.
The question on everyone’s mind is how would XRP react when Ripple goes public via an initial public offering (IPO). It has been sailing flat at $0.50 for the past few months; will it suddenly resurrect and achieve a new ATH? Letโs understand the chances.
The Ripple IPO: What Lies Ahead
Financial veteran Linda Jones, with a seasoned background on Wall Street, has analyzed Rippleโs situation from an investorโs perspective. Sheโs tossed out a $5.7 billion valuation for Rippleโs potential stock, a figure she believes to be quite conservative. Based on Linqto platform data, the per-share price is estimated at $35.
However, Jones has a more bullish scenario in mind. She contends that Ripple, with its hefty XRP holdings and the impressive debut value of Coinbase, could potentially be valued at $107 billion. Should this projection hold, Rippleโs stock could be priced at around $600.
Do the Numbers Add Up?
If this forecast is accurate, it could also give XRPโs price a rocket boost. Weโve seen Bitcoin’s price surge directly impacting the stock prices of Bitcoin mining companies. Applying this logic to Ripple, itโs plausible that a surge in its stock price could significantly pique interest in XRP, potentially leading to an uptick in its value.
This situation, though, is quite unprecedented.
Also Read: Ripple Proper Party: Hereโs What Happened At The Victory Party
Roadblocks and Hurdles
While Ripple appears to be on track for an IPO, it faces a regulatory hurdle: SEC approval. This could potentially lead to delays unless Ripple considers relocating outside the United States. Given their newfound clarity regarding XRP’s status, such a move seems unlikely in the near future.
Back to square one, are we?
Bright Road Ahead for XRP
Dark Defender predicts XRP will rise to $5.85, a significant increase from earlier projections. Recent price movements for XRP are encouraging, with a short-term retest at $0.66 in the cards. Breaking $0.55 is a critical milestone that might start a bullish trend. This projection covers 2026, demonstrating a lengthy view. Despite recent underperformance, XRP boasts the fifth-largest market capitalization at $27.9 billion, currently trading at $0.523.
In summary, if Ripple’s stock hits a projected level, XRP may rally dramatically. Remember that this situation is unique and that Ripple’s stock performance and XRP’s price are subjective. If Ripple’s stock drops, XRP may too, and vice versa. So buckle upโthe ride will be surprising!