Deaton Says Ripple IPO Could Trigger $100B Valuation, How High Will The XRP Price Be?

The possibility of a Ripple Initial Public Offering (IPO) is increasing as the company moves towards resolving its SEC lawsuit. As a result, expectations of the IPO's valuation have started to rise, with some estimates suggesting it could reach over $100 billion. Pro-XRP lawyer John Deaton has proposed this valuation, citing the success of Circle's IPO, which surged from $5 billion to over $63 billion. Deaton believes Ripple could be even more successful, given its standing as the 4th-largest cryptocurrency. He suggests that if Circle can grow to a $63 billion valuation, Ripple could soar even higher. Deaton estimates that Ripple's valuation post-IPO could reach $100 billion, given its current market capitalization of $80 billion. Market experts speculate that if the Ripple IPO is successful, the XRP price will also soar. Some predict the XRP price could reach double-digits, above $10, while others estimate it could reach as high as $100. A successful IPO would create a symbiotic relationship between the XRP coin and Ripple stock, benefiting investors. Ripple's current equity valuation is $25 billion, with 141 million outstanding shares, as investors look favorably at the crypto firm.