XRP News Today: Ripple's Potential IPO Could Spark XRP Breakout

Crypto analyst Johnny has expressed his belief that Ripple's anticipated Initial Public Offering (IPO) could significantly boost both the company and its native token, XRP. Johnny, who is also the founder of the Wealth Group trading community, stated that he would not be surprised if Ripple enters the public markets with a remarkably high valuation. He further predicted that this valuation could be "insane," potentially leading to substantial gains for XRP holders.

Johnny pointed out that XRP has been trading within a symmetrical triangle pattern since its January 2025 drop from $3.4. For the past five months, the token has fluctuated around $2, failing to break out of this range. One notable attempt occurred in March when XRP briefly surged to $3 after Donald Trump proposed adding it to a U.S. government crypto reserve, but it quickly returned to its previous range. With XRP nearing the tip of the triangle, Johnny and other market analysts suggest that a breakout could be imminent. His chart indicates an initial move above the $3 mark if the pattern resolves to the upside, with a Ripple IPO potentially serving as the catalyst for this breakout.

Analysts argue that Ripple could follow a similar trajectory to Circle’s IPO, which saw the USDC issuer’s valuation jump from $7 billion to over $25 billion. Dennis Liu, another market analyst, described a potential IPO as a watershed moment that could open the floodgates to serious gains for XRP. In 2023, attorney John Deaton suggested Ripple might target a $100 billion valuation within a year of resolving its legal dispute with the SEC. Despite the speculation, Ripple executives have repeatedly stated that an IPO is not on the table this year. In April, Ripple President Monica Long told that the firm “doesn’t need outside capital” and is instead focused on strategic acquisitions. Ripple recently purchased prime brokerage firm Hidden Road for $1.25 billion, following its $250 million acquisition of custody provider Metaco in 2023. CEO Brad Garlinghouse reinforced that message, stating an IPO “does not make sense just yet,” though he described it as a “natural future step.”

Still, signs of IPO readiness remain. Ripple launched a $700 million share buyback this month at $175 per share, implying a valuation near $25 billion—more than double its $11.3 billion valuation in early 2024. The company is also actively hiring for corporate development and shareholder relations roles. On June 11, VivoPower, a publicly listed firm, announced a partnership with the Flare blockchain to generate yield from its XRP holdings. The move could indicate that institutional players are looking for ways to leverage their crypto assets without liquidating them. In May, VivoPower also invested $121 million in XRP as a strategic reserve, making it the first company in the world with an XRP-focused treasury.