Ripple Job Posting Sparks IPO Rumors, Will XRP Price Finally Cross $100?
October 17 2023 - 12:00PM
NEWSBTC
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.’ Related Reading:
Crypto Research Firm Predicts 200% XRP Price Rally To $1.5 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. Source: X 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. Related Reading: How
Ripple’s Rumored Token Burn Could Affect The XRP Price 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. XRP
briefly recovers above $0.5 | Source: XRPUSD on Tradingview.com
Featured image from Analytics Insight, chart from Tradingview.com
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