Have you ever heard the saying ‘Once a rumor can become today’s 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? Let’s understand the chances.
Financial veteran Linda Jones, with a seasoned background on Wall Street, has analyzed Ripple’s situation from an investor’s perspective. She’s tossed out a $5.7 billion valuation for Ripple’s 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, Ripple’s stock could be priced at around $600.
If this forecast is accurate, it could also give XRP’s price a rocket boost. We’ve seen Bitcoin’s price surge directly impacting the stock prices of Bitcoin mining companies. Applying this logic to Ripple, it’s 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: Here’s What Happened At The Victory Party
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?
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 up—the ride will be surprising!
Grayscale has recently filed an updated S3 registration statement for its Digital Large Cap Exchange-Traded…
It seems like ADA, Cardano’s native token, has successfully retested its crucial support and is…
UNI, Uniswap's native token, appears bullish and is poised for massive upside momentum after a…
The crypto market is always shifting based on global money trends, but a new debate…
XRP holders are finding themselves at a crossroads as recent market trends raise questions about…
Bitcoin, the flagship cryptocurrency, has taken a hit with a 5% drop in its price.…