According to ChainCatcher and reported by Coingape, Ripple CEO Brad Garlinghouse announced that, with the rise in XRP prices and growing demand for Ripple's blockchain solutions, the company's original $11 billion valuation has become 'severely outdated.' In the interview, he mentioned that the value of XRP held by Ripple has exceeded $100 billion, becoming key to reshaping the company's valuation outlook. The last valuation of Ripple was $11 billion at the beginning of 2024, when the company repurchased $300 million worth of stock.
Garlinghouse pointed out that, compared to cryptocurrency-related companies like MicroStrategy, Ripple's trading price in the private market is far below its net asset value. He stated, 'The value of the XRP we hold has exceeded $100 billion, while MicroStrategy's trading price is three times its net asset value, and Ripple has been consistently undervalued.' In the interview, Garlinghouse reiterated the company's focus on the B2B sector, including banks, payment providers, and enterprises, where Ripple offers solutions such as custody and cross-border payments. Garlinghouse also emphasized that its stablecoin RLUSD will utilize XRP rather than replace it, thereby enhancing its liquidity and opening up more possibilities for leveraging Ripple's decentralized exchange (DEX) and automated market maker (AMM) functionalities.
Ripple's growth has also benefited from changes in the legal environment. Garlinghouse believes that the departure of SEC Chairman Gary Gensler and new regulatory clarity from the government represent a 'turning point' for Ripple. He stated, 'The winds have changed; although 95% of our customers are outside the U.S., I expect interest from the U.S. side to return in the coming months.'
