TL;DR
- Linda P. Jones highlights Ripple and XRP’s potential, suggesting that the company could be significantly undervalued.
- The firm, currently valued at $7.5 billion, could see a return of up to fifteen times its investment if its XRP reserves were included in the financial statements.
- Jones estimates that if XRP returns to its all-time high of $3.59, the firm could reach a valuation of $150 billion, representing a twenty-fold increase from its current valuation.
Linda P. Jones, a Wall Street financial expert, has presented an optimistic analysis of Ripple and its cryptocurrency XRP. Comparing its valuation with that of Coinbase, Jones emphasizes the considerable growth potential of the company, suggesting that it may be significantly undervalued in the current market.
Currently, Ripple is valued at $7.5 billion on the Linqto investment platform, a figure that contrasts with its previous valuations of $10 billion in 2020 and $15 billion in 2022. Jones believes that this low valuation represents an excellent opportunity for investors, especially if the company follows a trajectory similar to Coinbase, which was valued at $86 billion during its initial public offering (IPO) in 2021. According to Jones, if Ripple were to go public with a similar market reception, investors could see a return of up to eleven times their current investment.
Additionally, Jones highlighted the significant XRP reserves held by the company. Ripple has 48 billion XRP in escrow, valued at approximately $28.35 billion at the current market rate of $0.5906 per token. Although Ripple does not include these assets in its current financial statements, Jones suggests that future changes in accounting standards might allow companies to include cryptocurrencies in their balance sheets, which would greatly increase the company’s valuation. If this inclusion were allowed, combined with a potential IPO, company’s total valuation could reach $115 billion, implying a fifteen-fold return on investment.
Could Ripple Be Worth $150 Billion?
If the price of XRP were to return to its all-time high of $3.59 reached in 2017, Jones estimates that Ripple’s valuation could rise to $150 billion, representing a twenty-fold increase from its current valuation on Linqto. She also mentions that the cryptocurrency saw a 60,000% increase in just 248 days in 2017, suggesting that a similar pattern could repeat in the near future.
Finally, Jones hints that Ripple might be keeping quiet about significant strategic agreements with major corporations such as Amazon and Apple, which could further strengthen the company’s position if these deals were confirmed. All this, combined with the absence of a settlement with the SEC and the lack of specific regulations for cryptocurrencies, underscores the immense unrealized potential of Ripple and XRP.
