Ripple is reportedly preparing for an initial public offering (IPO), with its valuation now nearing $40 billion, based on new data from CB Insights. This milestone places Ripple among the top-valued private fintech companies and has led to renewed discussion across the XRP community. The firm has continued expanding its partnerships with global banking institutions, which may be contributing to the rising valuation. Social media commentary picked up momentum soon after the valuation update. Members of the XRP community shared optimistic views about potential XRP price moves in light of the IPO buzz. However, some voices raised questions about whether a public offering would actually benefit XRP, as the token and Ripple’s corporate equity are separate assets. Source: CB Insights While the IPO is expected to bring more public exposure to Ripple, its direct connection to XRP’s long-term price movement remains unclear. Stock market investors are likely to focus on Ripple’s business performance rather than the token itself. However, short-term price spikes linked to the IPO announcement and wider media coverage cannot be ruled out. XRP Price Bottom May Be Near, Rally Looming? On the technical front, according to crypto analyst Sensei, the XRP price appears to be approaching the end of a multi-month correction. A recent Elliott Wave analysis outlines a complete five-wave impulse from late 2024 into 2025, followed by a complex W-X-Y correction. The final leg of this pattern includes an ABC structure, with the C wave potentially bottoming out. Source: X According to volume data, strong demand has consistently emerged between $1.00 and $1.20. This range is supported by the high-volume node visible on the volume profile and aligns with historical support zones. A key resistance now stands near the $1.65 to $1.70 level, which would need to break for bullish momentum to resume. A breakout from the current range may initiate Wave 3 or Wave C in the Elliott structure. As the Coinpaper earlier reported, these waves are typically the strongest and could push XRP toward the $2.50 to $3.30 zone, depending on broader market sentiment and liquidity conditions. XRP Whale Transfer Adds to Market Speculation Amid this price crash, a large XRP transaction of over 116 million tokens, valued at approximately $165 million, was recorded between Kraken and Binance. Whale Alert marked the movement as between unknown wallets, while other tracking platforms like XRPWallets suggested the funds were transferred between internal exchange subwallets. Although large transfers often raise concern about potential sell-offs, market observers suggested this movement was more likely a liquidity rebalancing move. Analysts noted no major sell pressure appeared on order books at the time of the transfer, reducing fear of immediate downside pressure. Such whale activity is common near key price levels, where institutions adjust positions or prepare for potential trend shifts. With XRP hovering above $1.30 and approaching a key technical zone, traders are watching closely for confirmation of direction.
