Ripple is still committed to an IPO in spite of regulatory obstacles and talks about investigating foreign listings. Speculation is increasing because many believe that the Ripple IPO will increase XRP.
Industry leaders such as attorney John Deaton anticipate that the IPO could happen following the resolution of the SEC lawsuit, which has been pending for nearly four years.
Will XRP reach $100?
Consider an IPO that can outperform titans such as Saudi Aramco and Alibaba. Sounds crazy, right? Ripple may be on the right track to do this. Industry excitement over Ripple’s IPO in the United States remains strong, bolstered by recent developments.
Linkto has priced Ripple’s shares at $40.99, valuing the company at $7.3 billion. Ripple’s IPO is expected to break all previous records, making it the largest in recent history, thanks to its significant XRP holdings.
Assuming 178 million outstanding shares, if Ripple’s share price reaches $100, its market valuation could reach $17.8 billion. John Deaton and other analysts estimate that Ripple’s valuation could exceed $100 billion, which would equate to $561 per share.
Analysts predict that the price of XRP will increase in proportion to Ripple’s power and ownership. A jump to $100 per share could push XRP’s price to over $1.16, which is 2.43 times higher than its current price of $0.4792.
Crypto Response
Linda Jones, a Wall Street veteran, says that at $35 per share, Ripple would be worth $5.7 billion, far less than XRP’s $21 billion. The financial expert predicted that Ripple would be valued significantly more. With a $107 billion valuation, Ripple shares would be worth $600. XRP’s relationship to Ripple’s growth might propel it above $100.
Bitboy, a well-known member of the crypto ecosystem, thinks XRP has tremendous growth potential. He believes it could reach $15 in about 18 months. He is even more confident that XRP will reach $35 if Ripple launches an IPO at the right time. Bitboy’s confidence stems from Ripple’s recent legal successes, which have made XRP’s future more clear.
Closing Remarks
Speculation about a Ripple IPO has been going on for some time. CEO Brad Garlinghouse had hinted at a possible one even before the SEC case was filed. But Ripple’s preparations may have been put on hold because of this case. Although Ripple has not confirmed these plans, many in the crypto world believe that the IPO will increase the price of XRP, indicating a favorable attitude towards the digital asset.
