XRP Price To Hit $3.84 ATH: Wall Street Predicts Ripple Breaking IPO Record at $500B If This Happens

The post XRP Price To Hit $3.84 ATH: Wall Street Predicts Ripple Breaking IPO Record at $500B If This Happens appeared first on Coinpedia Fintech News

Linda Jones, a Wall Street veteran, has offered an unusual perspective on Ripple’s potential IPO. After comparing Ripple to IT giants Nvidia, Apple, and Amazon based on current patterns in its multi-million valuation potential. Jones believes Ripple might set an IPO valuation record if XRP regains its $3.84 ATH.

However, her analysis hinges on hypothetical scenarios, primarily dependent on Ripple’s legal case with the SEC and a resurgence in the price of XRP. If XRP were to reach its new ATH, Jones suggests that Ripple’s escrowed XRP could be valued at an astonishing $150 billion, given Ripple’s XRP escrow balance of approximately 40.5 billion tokens.

Furthermore, Wall Street experts believe Ripple’s IPO might set a new benchmark in the current slump with a $150 billion XRP valuation. Ripple’s shares are worth $350 billion, a milestone in cryptocurrency IPOs. However, everyone wants to know how Ripple will respond when it goes public via IPO. Does its native token, flat at $0.50 for months, recover and reach a new ATH?

Logical: It can!

If it all happens, Ripple’s stock will go up; it could increase the price of XRP, too. This doesn’t usually happen, but we’ve seen it with Bitcoin. When Bitcoin’s price goes up, it makes companies that mine Bitcoin more valuable. The same could happen with Ripple – if its stock rises, people might get more interested in XRP, and its price could increase, too. 

Roadblocks? 

Technically, Ripple must go through the SEC’s approval process, which may be delayed unless it moves abroad. Since XRP is clear, you may bet on Ripple, but she added that you don’t anticipate them to move quickly.

XRP to Hit New ATH? 

Dark Defender predicts XRP could hit $5.85, a substantial increase. Recent positive price movements suggest a short-term test at $0.66, with $0.55 as a crucial milestone for a potential bullish trend. Despite recent underperformance, XRP holds the 5th-largest market value at $27.9 billion, trading at $0.523. Suppose Ripple’s stock hits the projected level. In that case, XRP may experience a significant rally, but it’s a unique situation, and changes in Ripple’s stock may impact XRP, a call for investor caution.