- Ripple IPO speculation intensifies despite no official 2025 plans, fueled by recent acquisitions and share buybacks.
- Attorney John Deaton projects Ripple’s valuation could reach $100 billion under favorable IPO conditions.
- XRP trades at $2.16 amid steady institutional interest, including VivoPower’s $121M XRP treasury allocation.
Ripple is once again at the center of speculation as conversations surrounding a potential IPO circulate across the crypto community. While the company’s leadership has firmly stated that an IPO is not planned for 2025, a series of strategic business moves have sparked debate over whether the XRP issuer is quietly preparing for a future public listing and what that could mean for XRP’s price.
Over the past several months, Ripple has undertaken several actions that many view as preparatory steps toward going public. Most notably, the company launched a $700 million share buyback, a classic maneuver often used by firms intending to streamline their ownership structure before an IPO. Additionally, the XRP issuer has been actively recruiting for corporate development and investor relations positions critical roles for companies engaging with public market investors.
XRP’s parent company has also made significant acquisitions, including its $1.25 billion purchase of prime brokerage firm Hidden Road and a $250 million acquisition of custody services provider Metaco. These deals not only expand Ripple’s capabilities but also strengthen its infrastructure to better serve institutional clients, a factor that would enhance its attractiveness to potential public shareholders.
Deaton Sees Ripple Reaching 100 Billion Market Cap
The conversation around Ripple’s potential market valuation was recently reignited by pro-XRP attorney John Deaton, who weighed in after the firm’s CEO, Brad Garlinghouse, commented on Circle’s IPO performance. Deaton emphasized that while Ripple isn’t urgently in need of raising capital, timing its IPO correctly would be key to maximizing valuation.
Deaton speculated that if Circle, another major player in the digital asset space, can target a market cap between $62 billion and $75 billion, the XRP issuer could aim even higher. With nearly 40 billion XRP tokens in circulation and XRP trading at around $2.15, Ripple’s total valuation could theoretically sit near $80 billion. Under favorable market conditions, Deaton believes Ripple could potentially command a market capitalization of $100 billion.
At the time of writing, XRP is trading at $ 2.15 with a 24-hour trading volume of $ 8.28B and a market cap of $ 127.32B. XRP price increased 6.80% in the last 24 hours.
Source: CoinMarketCap
XRP Price Remains in a Tight Range
Despite the growing chatter, XRP’s market price has remained relatively steady. After sliding from a January high of $3.40, XRP has been consolidating around the $2 mark. The token saw a brief surge to $3 in March, following U.S. President Donald Trump’s proposal to include XRP in a national crypto reserve, but soon returned to its tight trading range.
While Ripple’s IPO remains hypothetical for now, institutional interest in XRP continues to build. Publicly listed firm VivoPower recently made headlines after partnering with the Flare blockchain to earn yields on its XRP holdings and committing $121 million to XRP as part of its treasury allocation. Moves like these highlight growing institutional confidence in both Ripple’s business model and XRP’s long-term utility.
Ripple’s IPO prospects remain officially off the table for 2025. Still, the company’s ongoing business expansion, acquisitions, and growing institutional partnerships suggest that the groundwork for a potential public debut may quietly be taking shape. As Ripple continues to strengthen its global footprint, market watchers and XRP investors remain vigilant, fully aware that any shift toward an IPO could significantly alter the firm’s valuation and XRP’s price trajectory.
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