If Ripple’s stock reaches $100 after its highly anticipated IPO, the XRP price could potentially double, according to analysts. Despite the delays in the Ripple IPO due to the ongoing SEC lawsuit, industry experts like attorney John Deaton believe that the IPO could proceed once the legal issues are resolved.
In light of regulatory challenges in the US, Ripple CEO Brad Garlinghouse has hinted at the possibility of going public overseas. However, he has also expressed doubts about pursuing an IPO under the current SEC administration.
Despite these uncertainties, there is optimism among industry leaders that a Ripple IPO in the US could still happen, especially with recent developments. Linqto, an investment firm allowing investments in pre-IPO stocks, has projected a per-share value of $40.99 for Ripple, with a total valuation of $7.3 billion.
Media personality Zach Rector has suggested that Ripple’s extensive holdings of XRP could lead to one of the largest IPOs in recent history. If Ripple’s stock reaches $100 per share, market experts believe this could have a significant impact on the price of XRP.
According to projections, if Ripple’s stock surges to $100, XRP could potentially rise to $1.16 from its current value of $0.4792. Some analysts predict a post-IPO valuation of $100 billion for Ripple, translating to a share price of $561. This increase could push the price of XRP to $6.56.
Wall Street veteran Linda Jones has even suggested that Ripple could trade at $600 per share, leading to a substantial increase in the price of XRP to potentially surpass $7. However, it is important to conduct thorough research before making any investment decisions, as this content is for informational purposes only and should not be considered financial advice.