Wall Street financial expert Linda Jones has shared details of Ripple’s anticipated IPO date. Her analysis indicated potential dates, but the current market context and regulatory aspects could significantly affect the eventual schedule.
IPO for Ripple is not a necessity but an option
Jones noted that while there is expected interest in an IPO for Ripple, the company itself, in terms of raising funds, may not be dependent on the event. Nonetheless, market pressures and investor expectations may prompt management to consider such a move.
She also stressed that the timing of the IPO may be strategically linked to the expected rise in the stock market, resulting from lower inflation and interest rates. On more than one occasion, similar situations have been read as opportunities by various companies. Jones thus expressed optimism about Ripple’s IPO potential in the coming year, seeing it as a definite opportunity.
Eyes turned to May
As for the anticipated date, she pointed to the fifth month of 2024 as a potential moment for the debut, considering May 15 exactly as the ideal time. “I think if Ripple decides to debut next year, May 15 could be the ideal time,” she – Jones said.
At the same time, she stressed that the timing itself depends on a number of variables, including the market environment, which can significantly affect decisions.
Conflicting messages
In the context of the legal battle, which is an important part of the plan, Ripple CEO Brad Garlinghouse pointed out that the current dispute with the U.S. regulator is creating a significant obstacle to Ripple’s planned IPO. Garlinghouse stressed that resolving the legal and regulatory conflict is essential before a possible IPO.
In doing so, he pointed to the bureaucratic steps that need to be taken. He is referring to the S-1 form, the approval of which is a basic condition for an IPO. Meanwhile, the ongoing conflict conflicts with it.
There is much more information noise. Its proliferation is undoubtedly influenced by the job announcement we found not long ago on Ripple’s official website. You can read more about it in the article under the title: “Is Ripple going to debut on the stock market? One announcement makes speculation find support in facts”
XRP from a technical point of view
All the above confusion is not without an impact on the price of XRP. Prior to the recent Ripple conference held in Dubai, XRP was gaining in value. This was directly related to expectations for an official announcement on the IPO. This, however, did not happen.
At the time of this writing, XRP is near horizontal support, located just above the $0.58 level. This situation is accompanied by a bullish RSI divergence. The whole is complemented by the golden cross we have recently observed between the 50-day and 200-day SMA. The convergence of these factors gives chances for an imminent price rebound.
