Ripple plans IPO: Will XRP rise to $3,000?

27-05-2021

Ripple’s CEO, Brad Garlinghouse, has confirmed the company’s intentions to go public after its lawsuit with the SEC ends. An initial public offering is planned in connection with this. The possibility of Ripple’s IPO was previously allowed by representatives of the SBI Group of financial companies. 

Ripple’s intentions were announced back in 2020 at the economic forum in Davos. Ripple’s plans at the time were thwarted after the SEC accused it of illegally selling $1.3 billion worth of shares under the guise of tokens.

Ripple (XRP) exchange rate for May 2021
Ripple (XRP) exchange rate for May 2021

Analysts’ opinions are divided on Ripple’s upcoming IPO. Some experts cite cases in which the value of cryptocurrencies declined after digital assets moved to the classic market. One notable case in history is the launch of Bitcoin futures and the subsequent collapse of the coin’s value. Regardless of the current situation and Ripple’s entry into the new trading space, analysts predict a rise in the XRP coin price to $3,000 only in the event of global events. There is no guarantee that the IPO will guarantee a rapid rise in Ripple’s price. For now, Brad Garlinghouse’s statements are seen by analysts as a desire to influence XRP’s price rise.

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