HomeNewsXRP's Potential Surge: Forecasting Price Amid Ripple's $600 IPO Shares

XRP’s Potential Surge: Forecasting Price Amid Ripple’s $600 IPO Shares

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  • Ripple’s potential IPO, acknowledged by CEO Brad Garlinghouse, is anticipated by market analysts.
  • Despite speculation about Ripple’s IPO, historical precedent is absent.

Conversations regarding the impending Ripple IPO have recently dwindled as market participants shift focus to issues such as XRP’s poor performance amidst the ongoing bull market. XRP failed to rally alongside other cryptocurrencies during the bulls, further declining in the overall market downtrend.

The digital asset has gained a modest 1.08% in the past 24 hours, trading below the $0.50 support level. Nonetheless, market experts opine that various factors could catalyze XRP’s upturn, with some setting 2X and 3X price targets. Among these factors is the much-anticipated Ripple IPO.

Although Ripple has not officially announced a specific timeline for its IPO, CEO Brad Garlinghouse has openly acknowledged its possibility. Wall Street executive Linda Jones further hinted at a high likelihood of Ripple going public using the Pitchbook algorithm.

Jones also asserted that XRP’s dip is convenient for Ripple to unveil its IPO. Additionally, prominent U.S. attorney John Deaton predicted that Ripple could aim for an IPO within a year of fixing its regulatory issues.

Assessing Ripple’s Potential Post-IPO Impact on XRP Price

Jones speculated that Ripple’s shares might substantially increase to $600 post-IPO, estimating a valuation of $97.7 billion. This assessment was based on various factors, including Coinbase’s valuation post-IPO and Ripple’s significant XRP holdings.

Insights from Linqto reveal that Ripple’s pre-IPO shares are currently trading at $44.69, a significant increase from last year’s value of $35. If a surge materializes, Ripple could print a 1,242% increase, potentially impacting XRP, which currently stands at $0.4940 after the recent market downturn.

Moreover, analysts project a potential correlation between Ripple’s post-IPO shares and the price of XRP, drawing comparisons to the relationship between Bitcoin (BTC) and the stocks of Bitcoin mining companies. The predictions have led to the prospect of an IPO among Ripple enthusiasts.

However, these projections lack historical precedence and remain speculative. Despite industry commentary suggesting a potential positive impact on XRP’s price, the correlation between Ripple’s shares and XRP’s price is uncertain.

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