Ripple Could Hit $100B Valuation as IPO Buzz Grows After Circle’s Stock Surge

Ripple may reach a $100B valuation as Circle’s IPO sparks new momentum for a potential public debut.

Fridah Kangai
June 25, 2025
2:00 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Ripple could surpass $100B in value if it enters the public market, says legal expert John Deaton.
Circle’s $66.2B valuation following its IPO has triggered new comparisons with Ripple’s asset strength.
Ripple leadership may reconsider IPO stance amid rising valuations across the crypto sector.

Ripple is once again under the spotlight as fresh IPO speculation gains traction following the explosive rise in Circle’s market valuation. John Deaton, popular in the XRP community and legal insider, has renewed the discussion of Ripple’s chances of entering the public market, referring to the market dynamics.

Under current circumstances, Deaton believes that Ripple may cross the 100-billion mark in valuation if it chooses to become publicly traded right now. His remarks are timely as the newly traded stocks of Circle (CRCL) have jumped more than 600 percent since their listing on the New York Stock Exchange in the first half of this month. The Circle is currently worth $66.2 billion, higher than that of the USDC stablecoin it promotes, which reaches $61.3 billion.

I know @bgarlinghouse said @Ripple is NOT in a rush to go public. They certainly don’t need to raise capital, which is often, a primary reason to go public. But TIMING an IPO is also a big consideration. If @circle can hit a 62B-75B market cap then @Ripple, with nearly 40B XRP,… https://t.co/MSFNMy6i8E
— John E Deaton (@JohnEDeaton1) June 23, 2025

Ripple boasts of possessing more than 40 billion XRP, of which 36.2 billion is in escrow, and the current XRP price is roughly 2 dollars. This presents the company with digital assets of over 78.8 billion dollars, not counting its blockchain infrastructure or international partnerships. Deaton noted that Ripple’s foundation is strong enough to secure a better valuation than Circles in the event of its entering the public market.

Circle’s Stock Performance Reshapes Expectations Across the Crypto Sector

The situation in the market has changed dramatically since the last time Ripple was privately valued at $11.3 billion this year. Such valuation might not reflect the potential of the company anymore, especially as capital markets are giving a large premium to crypto-native companies. The increased valuation of Circle has established a new baseline for Ripple.

Ripple’s top management has dismissed the concept of an IPO until now. In April, President Monica Long said that the company had no intentions to go public in 2025. Its Chief Executive Officer (CEO) Brad Garlinghouse said that an IPO was still a possibility but not a priority now. Nevertheless, the situation in the market environment and the company’s powerful asset base might alter the company’s course.

Furthering the momentum are the talks about XRP being included in an exchange-traded fund. Some analysts and community members already feel that Ripple’s IPO is less of an of-the-moment question mark than a matter of when.

As Circle is successfully changing the market perception, Ripple is a company whose IPO route can soon be the focus of serious consideration. A valuation of $100 billion previously appeared within the reach in case Ripple decides to proceed.

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