A naukri.com initiative
Crypto-News-Flash
5h
331
Image Credit: Crypto-News-Flash
Ripple’s Potential IPO May Fuel XRP Surge, Analysts Warn of ‘Insane Valuation’
- Ripple's potential IPO speculation is fueling XRP price surge near its breakout point.
- Analysts believe Ripple going public could trigger XRP to reach new highs.
- Recent corporate actions suggest Ripple might be preparing for a public listing despite officials denying immediate IPO plans.
- XRP has been trading within a symmetrical triangle since a sharp drop in January 2025.
- XRP is currently at $2.14, indicating a 2.2% decline in 24 hours.
- Wealth Group founder Johnny anticipates a potential strong breakout for XRP especially with Ripple's IPO proceedings.
- Analysts compare Ripple Labs' potential public listing to Circle's IPO, which significantly increased its valuation.
- Market analyst Dennis Liu sees Ripple's IPO as a turning point that could lead to major gains for XRP.
- Ripple completed a $700 million share buyback at $175/share, hinting at a valuation close to $25 billion.
- Despite official denials, Ripple has displayed signs of IPO readiness by hiring for corporate development roles and recent acquisitions.
- Attorney John Deaton believes an IPO for Ripple, with legal matters settled and a strong balance sheet, is possible and appealing.
- Investors are closely monitoring Ripple's actions, including VivoPower's $121 million investment in XRP.
- CNF reported VivoPower partnering with the Flare blockchain to generate yield from its XRP holdings.
Read Full Article
19 Likes
For uninterrupted reading, download the app