The potential for a Ripple IPO in the United States could lead to a significant increase in the XRP price, possibly reaching new heights of $600 per share. However, discussions about the IPO have declined recently as the focus shifts to XRP’s underperformance in the current bull market.
Despite the overall market uptrend, XRP has not experienced the same surge and has actually seen a decline in value. While Bitcoin and Ethereum have only dropped around 4-5% in the past 24 hours, XRP has slumped by 8.18% below the $0.50 support level.
There is speculation among market watchers that the Ripple IPO could potentially trigger a resurgence in the XRP price, with some predicting it could reach two to three-digit figures. Ripple’s CEO, Brad Garlinghouse, has acknowledged the possibility of an IPO, and research firm Pitchbook has given it a 98% chance.
According to Wall Street veteran Linda Jones, the best time for Ripple to launch its IPO is when XRP has a low price. U.S. attorney John Deaton also predicts that Ripple could go public within a year of resolving regulatory issues in the U.S.
Last year, Jones suggested that Ripple’s shares could skyrocket to $600 after the IPO, giving the company a valuation of $97.7 billion. This prediction is based on factors such as Coinbase’s valuation post-IPO and Ripple’s extensive XRP holdings.
Currently, Ripple’s pre-IPO shares are trading at $44.69, significantly higher than their value of $35 last year. If the shares were to increase by the predicted 1,242%, it would result in a substantial boost to Ripple’s valuation.
This increase in valuation could have a positive impact on the price of XRP, potentially causing it to surge as well. However, it is difficult to accurately gauge the scale of this impact based on historical data. If XRP were to follow the same 1,242% rate of increase, its price would reach $6.63.
Some industry commentators believe that a rise in Ripple’s shares post-IPO would lead to a similar surge in the price of XRP, creating anticipation among XRP supporters. However, it is important to note that these comments are speculative and should not be taken as investment advice. There is no guarantee of a direct correlation between Ripple’s shares and the price of XRP.
In conclusion, the potential for a Ripple IPO could have a significant impact on the XRP price, but the extent of this impact remains uncertain. Readers are advised to conduct thorough research before making any investment decisions and should not consider this article as financial advice.