In a recent presentation, Linda P. Jones, a former Wall Street financial expert and author of the bestseller “3 Steps to Quantum Wealth: The Wealth Heiress’ Guide to Financial Freedom by Investing in Cryptocurrencies,” detailed her bullish outlook for Ripple, leveraging a valuation comparison with Coinbase and the potential of XRP.

Why Ripple Could Be Massively Undervalued

Jones began by noting Ripple’s present valuation on the Linqto investment platform at $7.5 billion—a stark contrast to its 2020 and 2022 valuations of $10 billion and $15 billion respectively. These figures were determined during Ripple’s Series C buyback phases. She underscored this point by stating, “That’s amazing to me that it’s such a low valuation. That’s good for us as investors. Right?”

The financial expert utilized the initial public offering (IPO) of Coinbase as a benchmark for Ripple’s potential market entry. She highlighted that when Coinbase went public in 2021, at the peak of the cryptocurrency market’s surge, it was valued at $86 billion. Given this comparison, Jones argued that if Ripple were to IPO with a similar market reception, it would yield an eleven-fold return based on its current valuation.

Adding a layer to her valuation model, Jones discussed the significant holdings of XRP by Ripple. Ripple currently has 48 billion XRP in escrow, valued at approximately $29 billion at the current market rate of $0.61 per XRP. Jones pointed out, “Now, Ripple does not put it on their books. They don’t value it. They don’t give XRP any value. But they do sell XRP, and they do make money from selling XRP.”

She proposed that future changes in accounting standards might allow cryptocurrencies like XRP to be included on balance sheets, which would further enhance Ripple’s valuation: “Joe [Endoso, CEO of Linqto], and I believe that the accounting standards will change and will allow a company that has a cryptocurrency to be able to have it on their balance sheet in the future.”

With Ripple’s potential IPO valuation combined with the current market value of XRP, Jones estimated a total valuation of $115 billion, indicating a possible 15 times return on investment from current levels. Furthermore, if XRP were to return to its all-time high of $3.59, seen in 2017, she suggested that Ripple’s total valuation could reach $150 billion, equating to a 20-fold increase from its current valuation on Linqto.

Jones referenced historical price movements of XRP from 2017, where it saw a dramatic increase of 60,000% in just 248 days. “We’re repeating that pattern right now. We’re at the tip of the wedge,” she elaborated, suggesting a possible repeat of these dynamics.

Highlighting the strategic silence on customer agreements and other news, Jones hinted at significant undisclosed partnerships with major corporations such as Amazon and Apple, which could further bolster Ripple’s standing if confirmed.

“That’s without the settlement with the SEC. That’s without having crypto laws. That’s without having an IPO announced. That’s without having an ETF. That’s without having any disclosure about customer agreements that Ripple has because they’ve had to be very quiet about that. We happen to believe they have agreements with Amazon and Apple,” Jones said.

Related Reading: Pro-XRP Lawyer Debunks Ripple-SEC Settlement Rumor For Tomorrow

She concluded her presentation by emphasizing the promising value for investors who are currently in or considering entering Ripple or XRP. “So we have all kinds of blue sky ahead in terms of possibilities for XRP and for Ripple. So I just want to point out what a great value it is for those of us who have already invested. But it’s still available on the [Linqto] platform as of today,” she concluded.

At press time, XRP traded at $0.60.

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Wall Street financial expert Linda Jones recently offered a detailed forecast regarding the potential Initial Public Offering (IPO) of Ripple. Speaking at a Fireside chat with Linqto, a pre-IPO investment platform, Jones outlined her insights into the expected timeline and factors influencing Ripple’s decision to go public.

Jones stated via X, “Here is my interview with Linqto today. We talked about when Ripple might go public, my back of the envelope calculation for what the stock might be worth and potential acquisition targets.”

Ripple IPO In May 2024?

Despite Ripple’s apparent lack of immediate need for IPO-related funds, Jones suggested that investor pressure might compel the company’s executives towards this path. She elaborated, “Well like I said, Ripple was founded in 2012, and I think their investors want the exit and Brad [Garlinghouse] will get pressure to do that even though they don’t need the money from the IPO.”

Her forecast hinges on a broader economic outlook, predicting a bull market spurred by decreasing inflation and interest rates, thereby creating a conducive environment for public offerings. “I do think we will go into this incredible bull market that will happen from the drop of inflation and interest rates that will lead to a very strong rise in stocks that will allow the IPO market to get very hot next year,” Jones added.

Jones pinpointed mid-May 2024, specifically around May 15, as the ideal window for Ripple’s IPO, contingent on favorable market conditions and company readiness. “I think there is an opportunity if Ripple wants to go public next year that mid-May would be an ideal time, right around May 15 would be an ideal time – that’s my first target that they might go public if everything – the stars, the Sun, and the Moon – lined up, and they wanted to go public,” she explained.

However, she also cautioned about the uncertainty of this timeline, indicating that if Ripple misses this window, the next viable opportunity might not arise until 2025. “If it doesn’t happen, then I think it probably won’t happen until 2025,” Jones remarked.

One Roadblock Remains To Be Removed

Further complicating Ripple’s path to an IPO is the ongoing legal conflict with the US Securities and Exchange Commission (SEC). Ripple CEO Brad Garlinghouse has acknowledged this challenge, noting that SEC approval for Ripple’s Form S-1 Registration Statement is necessary for an IPO. As long as the legal battle persists, this approval remains uncertain.

At press time, the XRP price traded at $0.6165 after dropping below the 0.382 Fibonacci retracement level.

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The Ripple Initial Public Offering (IPO) rumors continue to wax stronger as many expect that the event will push the XRP price upward. Back then, it was mostly just rumors and speculation, but the XRP community has gotten their hands on a Ripple job listing that suggests there might be some truth to the IPO rumors.

Ripple Is Looking For A Shareholder Communications Manager

In a listing that was shared by multiple influencers in the XRP community, Ripple looks to be on the hunt for a Shareholder Communications Senior Manager. Now, according to the job listing requirements, whoever is accepted for this role will be expected to basically work with multiple teams at Ripple and maintain communications between ‘prospective shareholders and investors.’

Also, the individual will be “managing a shareholder database/mailing list and investor/analyst communication database.” Given this description, many in the community have taken it as a sign that Ripple is hiring in preparation for a potential IPO.

Some of the job descriptions also coincide with things and events that tend to take place in companies that have undergone the IPO process. One example pointed out in this Bitcoinist report is the Annual Analyst Day expected to the carried out by the Shareholder Communications Senior Manager. This is an event that is done by publicly traded companies.

The expectations of a Ripple IPO go as far back as 2020 when its Chief Executive Officer (CEO) Brad Garlinghouse first talked about initial public offerings in crypto. Back then, Garlinghouse had said that “you’ll see initial public offerings in the crypto/blockchain space” in the next 12 months. He wasn’t far off as Coinbase would become the first crypto exchange to go public the next year on April 14, 2021.

What Happens To XRP Price Is There Is An IPO?

The impact of a potential Ripple IPO on the XRP price has been discussed at length, especially in the second half of this year. One of the very first mentions of this was by financial expert Linda Jones who talked at length about how valuable Ripple would be if there were an IPO.

Using the XRP market cap, Jones explained that at $35 a share, Ripple would be valued at $5.7 billion which is much lower than XRP’s $21 billion valuation. So the financial expert explained that Ripple’s valuation would be a lot higher. Eventually, she arrived at a $107 billion valuation which would mean Ripple stock would trade at a price of $600. Using XRP’s correlation to Ripple’s development, this could easily see the XRP price surge above $100.

Crypto influencer Ben Armstrong aka BitBoy also shared his thoughts on what would happen to the XRP price in the event of an IPO. The influencer said back in July that he expects the XRP price to reach as high as $35 if Ripple were to undergo such a situation.

While there is no confirmation from Ripple on this news, the consensus remains that such a move would be bullish for the XRP price.

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