Is Ripple‘s Planned IPO a Cause for Concern for XRP Investors?

A number of intriguing developments have emerged, all of which suggest that cryptocurrency giant Ripple may be preparing to launch an Initial Public Offering (IPO). This has raised concerns among the XRP community about how it could potentially impact the price of XRP in the long run. However, crypto expert Panos Mourkas believes that these concerns are unfounded and that an IPO could actually benefit XRP.

Ripple‘s Hiring Trends Spark Speculation

Ripple has not yet officially announced its plans to go public, but industry analysts have pointed to the company’s recent hiring trends as indicators of preparations. In a YouTube video, crypto analyst Lewis Jackson highlighted these trends, triggering reactions from XRP enthusiasts. One comment made in the video suggested that an IPO could be detrimental to Ripple, leading to an increase in XRP followed by a dump and price manipulation. This sparked a debate within the community.

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Mourkas, however, believes that Ripple‘s IPO will generate more interest in XRP rather than have a negative impact on its price. Given that the price of XRP is influenced by Ripple, the company’s visibility and credibility rising on Wall Street can lead to more mainstream investors recognizing the potential of XRP. This increased exposure and validation could attract new buyers to the XRP market and drive up demand and prices.

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It’s important to note that Ripple and XRP are separate entities. XRP is an independent digital asset, so an IPO from Ripple would involve selling shares of Ripple stock and not XRP tokens. Experts predict that Ripple‘s valuation could exceed $100 billion after going public. Even if the valuation were to drop post-IPO, XRP‘s independence and utility beyond Ripple would remain.

The Future of Ripple and XRP

Ripple is on track to resolve its ongoing legal battle with the SEC, with a settlement potentially within reach. The company has also been selected by the National Bank of Georgia as an official partner for a pilot of the Georgian Lari currency.

XRP, on the other hand, has been growing steadily after being deemed not a security by a US federal judge. It has seen a 13.73% increase in a seven-day period and is aiming to establish strong support above the $0.62 level. Additionally, XRP has recently been integrated into the Dubai crypto market by the Dubai Financial Services Authority.

All these recent developments point to potential upside for XRP when Ripple‘s IPO is fully established. According to one of Ripple‘s co-founders, XRP‘s price could soar to $10,000.

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### News source: bitcoinist.com

By Team