Ripple CEO Brad Garlinghouse said the company's previous $11 billion valuation is now outdated due to the rising price of $XRP and increased demand for Ripple's blockchain solutions.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 Ripple’s holdings of XRP have surpassed $100 billion, which has had a significant impact on the company’s valuation expectations. Ripple’s last valuation was $11 billion in early 2024, coinciding with a $300 million share buyback. Garlinghouse noted that Ripple’s trading price on private markets is well below its net asset value, especially when compared to other crypto-related companies like MicroStrategy. “Our holdings of XRP are over $100 billion, while MicroStrategy is trading at three times its net asset value, and yet Ripple remains undervalued,” he said. He emphasized Ripple’s focus on the B2B sector, providing solutions for banks, payment providers, and institutions, including custodial and cross-border payments services. Garlinghouse also emphasized that their stablecoin, RLUSD, will augment the liquidity of XRP rather than replace it, opening up more possibilities for using Ripple’s decentralized exchange (DEX) and automated market maker (AMM) features. Ripple’s growth is also supported by changes in the regulatory environment. Garlinghouse believes that the departure of SEC Chairman Gary Gensler and clearer regulations from the new administration represent a “turning point” for Ripple. He noted that “the tide has turned, and although 95% of our customers are outside the US, I anticipate renewed interest from the US in the coming months.”$XRP #BinanceMegadropSolv
