If Ripple (the company behind XRP)
goes public through an Initial Public Offering (IPO), it could have a significant impact on the price of XRP. However, the effect would depend on several factors. Here’s a breakdown:
Short-Term Price Prediction (Immediately After IPO):
Price Range: $0.80 – $1.50
Reasoning:
Hype and investor sentiment: A Ripple IPO would attract major media attention, retail investors, and institutional interest.
Perceived legitimacy: An IPO could boost confidence in Ripple and, by extension, XRP.
Liquidity boost: Increased attention to Ripple’s financials and operations might lead to higher XRP trading volumes.
Mid-Term (6–12 Months Post-IPO):
Price Range: $1.50 – $3.00 (conservative), possibly higher if market sentiment is strong.
Reasoning:
Partnership expansion: IPO proceeds could be used to build new partnerships, expand operations, or boost RippleNet usage.
Speculation and accumulation: If investors see Ripple’s business growing, they may speculate on XRP becoming more integral to global payments.