- Ripple’s legal victory against the SEC is a turning point, allowing the company to stabilize and explore opportunities, including a partnership with Mastercard.
- Wall Street expert Linda Jones is optimistic about Ripple (XRP) and suggests buying shares at $40 before a potential IPO.
Ripple’s recent legal triumph against the SEC marks a pivotal moment, allowing the company to restore its previous stability and explore fresh opportunities to improve its renowned international payment system. Adding to this success is the partnership with Mastercard. Despite a recent downturn in the cryptocurrency market, Ripple’s native token, XRP, has attracted favorable interest.
Linda Jones’s Optimistic View on XRP
Linda Jones, a well-respected figure in Wall Street, holds an optimistic perspective on XRP. She contends that acquiring Ripple stocks now, priced at roughly $40, before the anticipated Initial Public Offering (IPO), is a wise decision. Despite the current stock price, Jones advises investors to focus on the broader picture and assess Ripple’s intrinsic worth, which she approximates to be around $6.6 billion.
Interesting IPO Valuation discussion by @LindaPJones @linqtoinc investor meetup. XRP Zero value on the @ripple balance sheet currently Will it be factored in an IPO? pic.twitter.com/2YuIHdPDDl
— Digital Asset Investor.XRP (@digitalassetbuy) August 31, 2023
Jones claims that Ripple has substantial growth potential in the forthcoming years compared to Coinbase, a cryptocurrency exchange based in the United States, which entered the public market with an astounding valuation of $86 billion. Given that Ripple’s current valuation is at least one-tenth of Coinbase’s, Jones proposes that individuals who purchase Ripple shares today could see their initial investment increase by more than ten times.
To illustrate this point, she provides an example: if an investor allocates $10,000 to Ripple at this moment, this investment could potentially grow to $100,000, even without Ripple surpassing Coinbase’s performance.
Considering the Future Implications
What adds intrigue to this situation is Ripple’s unique accounting practice. At present, Ripple doesn’t assign any value to its XRP assets on its balance sheet. On this matter, Jones argues that if Ripple were to assign a value to its XRP holdings at the current price of $0.5 or based on its previous high of approximately $3.84, the growth potential would be substantial.
A $10,000 investment in Ripple could yield an impressive return on investment (ROI) of $140,000, assuming Ripple follows a similar path as Coinbase. However, it’s crucial to keep in mind that investing in stocks always carries a level of risk, and past performance doesn’t necessarily predict future outcomes.
What do we understand about the Prospect of a Ripple IPO?
Ripple Labs, the entity behind the XRP cryptocurrency, has not yet initiated the process for an initial public offering (IPO). However, back in 2022, Ripple’s CEO, Brad Garlinghouse, indicated to CNBC that the company would consider the possibility of an IPO once its legal battle with the Securities and Exchange Commission concluded.
In August 2023, Ripple made headlines by announcing a grand celebration event in New York to mark its legal victory. This development has reignited discussions regarding the potential of a Ripple IPO.
In April 2023, Ripple conducted a private ‘road show,’ engaging with potential investors to gauge their interest in a potential public listing. Many experts speculate that the Ripple IPO could significantly influence the value of the XRP cryptocurrency itself. Ambitious price targets have now been set for XRP, especially since it has endured a slow 18-month period of growth in the United States due to the ongoing lawsuit.
Nevertheless, it is crucial to distinguish between shares in the publicly traded company Ripple Labs and the XRP token itself.
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