XRP News Today: Ripple's Potential IPO Could Boost XRP Price 500%

Ripple, one of the largest cryptocurrency companies, has seen increasing speculation about a potential Initial Public Offering (IPO) as it moves towards resolving its SEC lawsuit. This has sparked discussions about the company's potential valuation and the impact on the price of its native cryptocurrency, XRP.

John Deaton, a pro-XRP lawyer and community member, has suggested that Ripple's IPO could lead to a valuation of over $100 billion. This prediction comes in the wake of Circle, the company behind the USDC stablecoin, successfully completing its IPO. Circle's valuation surged from an initial $5 billion to over $63 billion post-IPO, demonstrating the potential for significant growth in the cryptocurrency sector.

Deaton highlighted that Ripple's IPO, if timed correctly, could have a substantial impact on its valuation. He noted that given the current market environment, if Circle can achieve a market cap of $62 billion to $75 billion, Ripple, with nearly 40 billion XRP currently valued at $2 (approximately $80 billion), could potentially hit a $100 billion market cap. This valuation is based on the standing of XRP as the 4th-largest cryptocurrency, ahead of Circle’s USDC, which is the 7th-largest.

Ripple had previously issued a $700 million tender offer with shares priced at $175, putting the equity valuation of the company at $25 billion with 141 million outstanding shares. This move has been viewed favorably by investors, further fueling speculation about the company's potential IPO and its impact on the XRP price.

Market experts have speculated that a successful Ripple IPO could lead to a significant increase in the XRP price. Crypto investor Dennis Liu shared a video suggesting that a successful IPO would be positive for the XRP price, highlighting a potential symbiotic relationship between the XRP coin and Ripple stock. Other experts have debated that the XRP price could rise to double digits, potentially exceeding $10. In some optimistic scenarios, the XRP price has been pegged as high as $100 if Ripple completes its IPO and begins trading as a publicly listed company.