Prominent XRP Advocate Highlights Ripple’s Potential $100 Billion Gain if XRP Hits $2 Milestone

• John Deaton emphasizes Ripple’s significant potential $100 billion gain if XRP reaches $2 in value.
• Ripple’s ties with XRP were highlighted amidst concerns of a shift in focus, contrasting the company’s pre-IPO valuation with XRP’s potential milestone.

In a recent statement, John Deaton, a prominent advocate for XRP, emphasized the potential financial boon Ripple could reap if the value of XRP surges to $2. He underlined this while responding to a report from Ripple regarding a significant milestone for XRP in Dubai, where the city’s financial authorities approved XRP as a regulated crypto asset, allowing licensed firms to incorporate it.

This report holds particular importance within the XRP community, showcasing Ripple’s commitment to seeking legal and regulatory clarity for XRP. It counters concerns among many community members that the company might be shifting its focus away from the asset, as evident from Ripple’s recent offerings not prominently featuring XRP despite its regulatory certainty.

Addressing these concerns, Deaton debunked claims suggesting Ripple’s detachment from XRP. He spotlighted Ripple’s valuation trajectory, from its Series A valuation of $128 million in 2015 to its recent Series C Buyback valuation of $15 billion in 2022.

Firm Commitment or Strategic Shift: Deciphering Ripple’s Evolving Focus Amidst XRP Milestones

Deaton emphasized Ripple’s confidence in its future by repurchasing its Series C shares at a 50% premium during the crypto bear market and before a significant ruling in the SEC case. Notably, the current trading of Ripple’s pre-IPO shares below the repurchase price accentuates the company’s strong faith in its prospects.

The attorney highlighted the intertwined nature of Ripple’s success with XRP, asserting that Ripple has a fiduciary responsibility not to abandon XRP. Ripple’s substantial holding of 46.5 billion XRP, as outlined in its market report, stands as a potential key factor in the company’s success if XRP achieves significant milestones.

Deaton envisioned a considerable upsurge in Ripple’s financial standing should XRP reach the speculated $2 or $3 marks, potentially placing Ripple’s valuation at $100 billion or $139.5 billion, respectively. This outlines the symbiotic relationship between Ripple and XRP, illustrating the significant impact of XRP’s success on Ripple’s future.