Wall Street Expert Sees 20x Potential In Ripple Via XRP And IPO
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Linda P. Jones, a former Wall Street expert and author, expressed a bullish outlook for Ripple, comparing its potential IPO to Coinbase's market entry. Ripple's present valuation is $7.5 billion, but Jones believes it could soar to $115 billion, reflecting a 15-fold return. She indicated Ripple's significant XRP holdings, valued at $29 billion.
Future accounting changes might allow cryptocurrencies on balance sheets, enhancing Ripple's valuation. Potential undisclosed partnerships with Amazon and Apple could further bolster Ripple's market standing. If XRP returned to its 2017 high, Ripple's valuation might reach $150 billion, a 20-fold increase.
Jones suggested that Ripple's strategic silence on major agreements and a potential SEC settlement could significantly impact its future valuation. She urged investors to consider the promising value of Ripple and XRP, currently valued at $0.60 per XRP.
Source: www.newsbtc.com ↗
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