Speculation around a possible Ripple IPO is doing rounds on the internet, with many in the crypto community debating what such a move could mean for the price of XRP. Over the past few months, Ripple has made several strategic moves, fueling talks of an eventual public listing , even though the company has officially said it’s not on the table for 2025.
While Ripple’s executives, including CEO Brad Garlinghouse and President Monica Long, have made it clear that no IPO is planned this year, signs of IPO preparation are visible. The company recently launched a $700 million share buyback and has been hiring for corporate development and investor relations roles. Its $1.25 billion acquisition of prime brokerage firm Hidden Road and a $250 million deal for custody provider Metaco also hint at long-term growth plans.
Adding to this, pro-XRP lawyer John Deaton reacted to a video clip of Garlinghouse commenting on Circle’s market performance after its IPO. Deaton said that while Ripple isn’t in a rush to go public and doesn’t need to raise capital, timing an IPO is crucial.
He added that if Circle could reach a $62 billion to $75 billion market cap, Ripple, with nearly 40 billion XRP currently valued at around $2 (or roughly $80 billion) — could aim for a $100 billion market cap in the current market environment.
XRP’s price has been trading within a tight range since its drop from $3.40 in January, hovering around $2. It briefly spiked to $3 in March after U.S. President Donald Trump proposed including XRP in a national crypto reserve. Since then, the token has remained trapped within a rigid range.
Meanwhile, institutional interest around XRP appears to be growing. Publicly listed firm VivoPower recently partnered with the Flare blockchain to earn yields on its XRP holdings and invested $121 million in XRP for its treasury. While Ripple’s IPO plans remain speculative for now, the company’s expanding footprint and market activity continue to keep investors watching closely.
