- Ripple’s impending IPO, fueled by its legal win over the SEC, sparks discussions among experts predicting a 20x surge in valuation, mirroring the Coinbase IPO success.
- Esteemed Wall Street analyst, Linda P. Jones, envisages Ripple’s share value catapulting to around $600 post-IPO, underlining the significant undervaluation compared to its massive escrow-held XRP reserve.
In the recent turn of events, Ripple‘s (XRP) favorable verdict against the US SEC has crafted a new narrative in the blockchain and crypto realm. The ripple effect (pun intended) of this legal milestone has not only bolstered XRP’s market position but has ignited a fervor around Ripple’s potential Initial Public Offering (IPO). The newfound legal clarity has set the stage for Ripple, aligning it closer to the likes of established enterprises like Nvidia, Apple, and Amazon.
🚀🚀 Ripple Victory Party Speculation – What Kind of Announcement Awaits Us? 🚀🚀
👉 Settlement
👉 IPO
👉 Major Partnerships with Trillion-Dollar Banks or SWIFT
👉 XRP Futures
👉 Share Your Guess in the Comments!#Ripple #XRP #SEC pic.twitter.com/FItNPfeCPg— Collin Brown (@CollinBrownXRP) September 28, 2023
A Remarkable Legal U-Turn:
The verdict by Judge Analisa Torres, marking secondary sales of XRP tokens not as investment contracts, exempted them from being categorized as securities under SEC regulation. This judgment, a watershed moment, propelled a substantial rise in XRP’s trading volume and price. Cryptocurrency exchanges, which had previously delisted XRP due to regulatory uncertainties, quickly relisted the token, amplifying its market traction.
Anticipated IPO Sparks Valuation Discussions:
Amid this legal clarity and the resurgence in trading activities, the dialogue has pivoted towards the prospects of XRP touching the $1 mark and beyond. The imminent celebration event by Ripple on September 28, meant to honor the legal victory, further fans the flames of speculation around Ripple’s valuation and a prospective IPO.
Linda P. Jones, a revered Wall Street analyst, presented a compelling case comparing Ripple’s scenario with Coinbase’s IPO success narrative. Jones emphasized the substantial undervaluation of Ripple, especially considering its vast escrow-held XRP reserve, which stands at a remarkable $21 billion at current prices.
Drawing parallels between Ripple and Coinbase, Jones illustrated a plausible trajectory for Ripple’s valuation, potentially mirroring or surpassing the trajectory witnessed by Coinbase post-IPO. This narrative hinges primarily on the substantial legal clarity, Ripple’s hefty XRP reserves, and the escalating IPO anticipation among investors.
Jones projects a scenario where Ripple‘s share value could soar 20-fold, approximating a valuation of $600 per share on September 29. Such a surge could significantly reshape the financial landscape within the cryptocurrency domain, marking a pivotal milestone in Ripple’s journey and its stand in the blockchain ecosystem.
The exploration of Ripple‘s potential valuation boom accentuates how legal verdicts and ensuing market speculations are crucial in steering the narratives around blockchain startups and their market valuations. As Ripple aligns with prominent enterprises, the crypto community is keenly observing, ready to ride the ripple of this impending IPO wave.
