Wall Street Forecasts Ripple’s XRP Price Reaching $3.84 All-Time High; Speculates $500B IPO Achievement

Linda Jones, an experienced Wall Street professional, has provided an unconventional perspective on Ripple’s potential initial public offering (IPO). Drawing parallels with tech giants Nvidia, Apple, and Amazon, Jones predicts that Ripple could achieve a record-breaking IPO valuation if its native token XRP reaches its all-time high (ATH) of $3.84.
However, Jones’ analysis is contingent on hypothetical scenarios, specifically Ripple’s ongoing legal battle with the Securities and Exchange Commission (SEC) and a resurgence in XRP’s price. If XRP were to reach its new ATH, Jones suggests that Ripple’s escrowed XRP could be valued at an astonishing $150 billion, considering Ripple’s current XRP escrow balance of approximately 40.5 billion tokens.
Moreover, experts in the industry predict that Ripple’s IPO could establish a new benchmark in the current market downturn, with XRP being valued at $150 billion. Ripple’s shares are estimated to be worth $350 billion, which would be a significant milestone for cryptocurrency IPOs. However, the question on everyone’s mind is how Ripple will respond to its public offering. Can its native token, which has remained stagnant at $0.50 for months, regain momentum and reach a new ATH?
The answer is logically affirmative. If all the aforementioned factors align, Ripple’s stock will rise, potentially driving up the price of XRP as well. This phenomenon is not unheard of; Bitcoin has demonstrated a similar trend. As Bitcoin’s price increases, companies involved in Bitcoin mining become more valuable. The same dynamics could apply to Ripple – if its stock surges, it could generate heightened interest in XRP, leading to an increase in its price.
However, there are roadblocks on the horizon. Ripple must navigate the SEC’s approval process, which may face delays unless the company relocates. While XRP’s legal situation seems favorable, it is advisable not to expect rapid progress from Ripple.
In terms of XRP’s price, Dark Defender predicts that it could reach $5.85, signifying a substantial growth. Recent positive price movements indicate a potential short-term test at $0.66, with $0.55 serving as a crucial milestone for a potential bullish trend. Despite recent underperformance, XRP remains the fifth-largest cryptocurrency by market value, currently trading at $0.523 with a market value of $27.9 billion. If Ripple’s stock achieves the projected level, XRP may experience a significant rally. However, it is crucial for investors to exercise caution as changes in Ripple’s stock can impact XRP.