In the recent presentationLinda P. Jones, former Wall Street financial expert and author of the bestselling “3 Steps to Quantum Wealth: The Wealth Heiress’ Guide to Financial Freedom by Investing in Cryptocurrencies,” detailed her bullish outlook for Ripple, using a valuation comparison with Coinbase and the potential of XRP.
Why Ripple May Be Massively Undervalued
Jones began by noting Ripple’s current valuation on investment platform Linqto at $7.5 billion — a stark contrast to its 2020 and 2022 valuations of $10 billion and $15 billion, respectively. Those numbers were set during Ripple’s Series C share buyback rounds. She emphasized that point by stating, “It’s amazing to me that this valuation is so low. That’s good for us as investors. Right?”
The financial expert used Coinbase’s initial public offering (IPO) as a benchmark for Ripple’s potential entry into the market. He highlighted that when Coinbase went public in 2021, at the height of the cryptocurrency market, it was valued at $86 billion. Given that comparison, Jones argued that if Ripple went public with similar market acceptance, it would have delivered an 11x return based on its current valuation.
Adding a layer to her valuation model, Jones discussed Ripple’s significant XRP holdings. Ripple currently has 48 billion XRP in custody, valued at about $29 billion at the current market rate of $0.61 per XRP. Jones noted, “Ripple right now doesn’t put that on their books. They don’t value it. They don’t put any value on XRP. But they sell XRP and they make money selling XRP.”
She suggested that future changes to accounting standards could allow cryptocurrencies like XRP to be included on balance sheets, which would further boost Ripple’s valuation: “Joe [Endoso, CEO of Linqto]and I believe that accounting standards will change and allow a company that has cryptocurrency to have it on its balance sheet in the future.”
Combining Ripple’s potential IPO valuation with XRP’s current market value, Jones estimated a total valuation of $115 billion, indicating a possible 15x return on investment from current levels. Furthermore, if XRP were to return to its all-time high of $3.59, reached in 2017, she suggested that Ripple’s total valuation could reach $150 billion, a 20x boost from its current valuation on Linqto.
Jones referenced XRP’s historic price action from 2017, when it surged 60,000% in just 248 days. “We’re repeating that pattern right now. We’re at the tip of the wedge,” she explained, suggesting a possible repeat of that energetic.
While emphasizing his strategic silence on customer deals and other news, Jones hinted at significant, undisclosed partnerships with major corporations like Amazon and Apple, which, if confirmed, could further bolster Ripple’s position.
“That’s without the SEC settlement. That’s without the cryptocurrency regulations. That’s without the IPO announcement. That’s without the ETF. That’s without any disclosure of any customer agreements that Ripple has because they’ve had to be very quiet about it. Coincidentally, we believe they have agreements with Amazon and Apple,” Jones said.
Related Reading: Pro-XRP Lawyer Debunks Ripple-SEC Settlement Rumors Due Tomorrow
She concluded her presentation by emphasizing the promising value for investors who are currently in or considering getting into Ripple or XRP. “So there’s a ton of opportunity ahead of us with XRP and Ripple. I just want to emphasize how much value it has for those of us who are already invested. But it’s still available on [Linqto] “As of today, this is the charging state of the platform,” she concluded.
At the time of going to press, the price of XRP was $0.60.
Featured image created with DALL E, chart from TradingView.com
