Ripple IPO May Not Pump XRP: Rippleās IPO could draw attention, but analysts warn it may not directly boost XRPās token price.
XRP ETF Approval Odds at 95%: Bloomberg analysts predict a 95% chance of a spot XRP ETF approval by October, boosting market momentum.
XRP is making headlines again, and this time itās not just about price action. Crypto analyst VirtualBacon, in his latest video, shared a full breakdown of key developments that could impact XRP, Rippleās IPO, its stablecoin plans, potential ETF approval, and ongoing market rumors. Hereās whatās going on.Ā
Will Rippleās IPO Boost XRP?
Rippleās pre-IPO shares are currently trading OTC at around a $20 billion valuation, with some suggesting the stock could 10x post-IPO. But VirtualBacon warns not to expect XRP to follow suit. However, thereās no fixed connection between Rippleās stock price and XRPās token value. If Ripple goes public, big investors might prefer to buy the stock rather than the XRP token. Pre-IPO Ripple shares are selling at around $100, but only experienced investors can access them. So, while the IPO could bring more attention to Ripple, it may not directly pump XRP.
Rippleās Stablecoin and Bank License Plan
Ripple recently applied for a national bank license in the U.S., which would put it on the same level as Circle. This move supports Rippleās stablecoin, RLUSD. Moreover, with new rules like the Genius Act on the way, stablecoin issuers may soon be required to hold real dollars or U.S. Treasuries. Rippleās strategy lines up with these rules, and getting a bank license would make RLUSD more appealing to institutions.
XRP ETF: Approval Could Be Close
After launching XRP futures ETFs on the CME and NYSE, the momentum is building for spot products. VirtualBacon highlighted that Bloomberg analysts have given a 95% chance for spot XRP, Litecoin, and Solana ETFs to be approved by October. If true, it would cement XRPās standing among top-tier digital assets.Ā
Swift Partnership Rumor Is False
Thereās been talk online that Ripple and Swift are teaming up, but VirtualBacon says itās just a rumor with no real source. While Swift is testing technology that XRP supports (like ISO 20022), itās also working with other blockchains like Stellar and Algorand. Even Ripple CEO Brad Garlinghouse said the two are still competitors.
