Ripple’s IPO Could Skyrocket XRP Price to $1.16: Experts Weigh In
The post Ripple’s IPO Could Skyrocket XRP Price to $1.16: Experts Weigh In appeared first on Coinpedia Fintech News
If Ripple’s stock hits $100 post-IPO, XRP might quadruple to $1.16 from $0.4792. Discussions concerning Ripple’s IPO have raised questions about its valuation impact on XRP. Despite regulatory hurdles and discussions of exploring overseas listings, Ripple remains committed to an IPO. Since many expect the Ripple IPO to boost XRP, speculation is growing.
Industry figures like attorney John Deaton speculate that the IPO might proceed post-SEC lawsuit resolution, which has lingered for nearly four years.
Will XRP hit $100?
Imagine an IPO that can outpace giants like Saudi Aramco and Alibaba. Sounds wild, right? Well, Ripple might just be on track to do that. Industry optimism persists regarding Ripple’s IPO in the U.S., buoyed by recent developments. Linqto estimates Ripple’s share at $40.99, valuing the company at $7.3 billion. Speculations suggest Ripple’s IPO could break all previous records some of the largest in recent history, driven by its substantial holdings of XRP.
If Ripple achieves a share price of $100, its market valuation could reach $17.8 billion, assuming 178 million outstanding shares. Some commentators, like John Deaton, forecast Ripple’s valuation could exceed $100 billion, potentially translating to $561 per share.
Given Ripple’s influence and holdings in XRP, analysts project a proportional increase in XRP’s price. A rise to $100 per share could potentially lift XRP to approximately $1.16, representing a 2.43x increase from its current $0.4792 valuation.
Crypto Reaction
Giving a realistic check, Wall Street veteran Linda Jones suggests that at $35 a share, Ripple would be worth $5.7 billion, substantially less than XRP’s $21 billion. The financial expert said Ripple would be worth much more. With a $107 billion valuation, Ripple shares would trade at $600. XRP’s link to Ripple’s growth could push it past $100.
BitBoy, a prominent figure in the crypto community, believes XRP could rise significantly. He thinks it could reach $15 in about 18 months, which would be a huge 1,720% increase from its current price. He’s even more optimistic about XRP hitting $35 if Ripple goes public with an IPO at the right time. That would mean XRP would need to surge by a massive 4,200% from where it is now. BitBoy’s confidence comes from recent legal wins for Ripple, which have brought more clarity to XRP’s future.
Final Thoughts
The rumors of Ripple’s IPO have been circulating for some time. CEO Brad Garlinghouse hinted at the possibility even before the SEC lawsuit began. However, the lawsuit has likely disrupted Ripple’s plans. Although Ripple has not confirmed these plans, many in the crypto community believe that an IPO would likely have a positive impact on XRP’s price, signaling bullish sentiment towards the digital asset.