According to PANews, Ripple CEO Brad Garlinghouse has stated that the company's previous valuation of $11 billion is now outdated due to the rising price of XRP and increased demand for Ripple's blockchain solutions. In a recent interview, Garlinghouse highlighted that the value of XRP held by Ripple has surpassed $100 billion, significantly influencing the company's valuation outlook. Ripple's last valuation was $11 billion in early 2024, coinciding with a $300 million stock buyback.
Garlinghouse pointed out that Ripple's trading price in private markets is considerably lower than its net asset value, especially when compared to other cryptocurrency-related companies like MicroStrategy. He remarked, "The value of our XRP holdings exceeds $100 billion, while MicroStrategy trades at three times its net asset value, yet Ripple remains undervalued." He reiterated Ripple's focus on the B2B sector, providing solutions for banks, payment providers, and enterprises, including custody and cross-border payment services. Garlinghouse also emphasized that their stablecoin, RLUSD, will enhance XRP liquidity rather than replace it, opening up more possibilities for utilizing Ripple's decentralized exchange (DEX) and automated market maker (AMM) features.
Ripple's growth is further supported by changes in the regulatory environment. Garlinghouse believes that the departure of SEC Chairman Gary Gensler and clearer regulations from the new administration represent a "turning point" for Ripple. He noted, "The tide has turned, and although 95% of our customers are outside the U.S., I anticipate renewed interest from the U.S. in the coming months."