XRP News Today: Ripple's Market Cap Could Reach $100 Billion Post-IPO Says Lawyer

Pro-XRP lawyer John E. Deaton has made a significant prediction about Ripple's future, suggesting that the company could hit a $100 billion market cap post-IPO. Deaton's comments come after observing Ripple CEO Brad Garlinghouse's discussion on Circle's market performance. While Ripple has stated it is not in a rush to go public and does not need to raise capital, Deaton emphasized that the timing of an IPO is crucial. He noted that if Circle can achieve a market cap between $62 billion and $75 billion, Ripple, with nearly 40 billion XRP, could potentially be valued even higher.

Ripple currently holds nearly 40 billion XRP, and with XRP trading around $2, this gives the company an internal value close to $80 billion. Deaton believes that a $100 billion market cap is within reach given the current environment. Despite Ripple executives, including Garlinghouse and President Monica Long, stating that an IPO is not on the table for 2025, recent developments suggest otherwise. The company has launched a $700 million share buyback program and increased hiring in investor relations and corporate strategy teams, typical signs of IPO preparation.

Ripple's recent acquisitions, including a $1.25 billion deal for crypto prime brokerage firm Hidden Road and a $250 million buyout of custody platform Metaco, indicate a strategic plan to build out its ecosystem and attract institutional interest. Even though XRP's price has remained steady around $2, institutional interest is growing. Energy firm VivoPower recently invested $121 million into XRP for its treasury and partnered with the Flare blockchain to earn returns on those holdings, suggesting that big institutions are betting on XRP's long-term potential.

The SEC lawsuit, once a major hurdle, is no longer a significant roadblock. With more clarity on XRP’s legal status in the U.S., the path to a public listing appears more open. Deaton's comments reflect a growing sentiment in the crypto community that Ripple may be playing the long game, but when it finally steps into the public markets, it could do so with a valuation that makes headlines. The return of Arthur Britto, a co-founder of Ripple and the XRP Ledger, has added to the speculation and excitement within the XRP community, as his involvement in various projects related to Ripple has led to widespread speculation about his intentions and the potential impact on Ripple's future.