2025-12-27 12:23:08

Ripple has been making continuous moves over the past two years and has frequently appeared on major IPO anticipation lists. A valuation of over $50 billion means that if the listing is successful, this will be the most significant financing event in the entire crypto industry.

Let's first look at the positive side— the dispute between the SEC and Ripple has finally been resolved, greatly reducing legal risks. The company has also invested $2.7 billion in business expansion, and the issued RLUSD stablecoin has already entered the Top 5 tier. The most impressive is that the XRP spot ETF has directly attracted over $1 billion in AUM, with institutional participation clearly increasing.

However, there is a problem that cannot be ignored—XRP futures open interest has fallen to a near two-year low, indicating that derivatives trading is cooling off completely, and market sentiment is weak. If the IPO really proceeds, the valuation system of traditional finance will provide a new value anchor for XRP, which will definitely attract more institutions to allocate.

The key is to watch whether there will be any movement regarding the submission of the S-1 filing around Q2 2026.

XRP1,29%

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AirdropAutomaton

· 13h ago

$50 billion valuation, hilarious, still hyping IPO expectations? First, let's revive the futures contract enthusiasm. --- Institution AUM surpassing $1 billion is really impressive, but I'm a bit worried about the bearish contracts being so cold. --- Let's wait for the S-1 filing; since we have to wait until 2026 anyway, those betting on expectations will have to take the risk. --- I believe RLUSD entering the top 5, but the data on XRP futures... I need to think about whether I should reduce my position. --- Finishing legal disputes is a good thing, but what about market enthusiasm? Is it heating up? --- Spending 2.7 billion and ending up with such cold futures, it seems a bit strange no matter how you look at it. --- It's always "key depends on 2026," I'm tired of this tune. The real key is whether anyone is buying right now.

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DaoResearcher

· 13h ago

According to the data in the white paper, this hypothesis actually has a flaw— a sharp decline in futures OI precisely indicates that the incentives in the derivatives market are incompatible. Institutions are waiting for the S-1 filing, and a game-theoretic equilibrium has not been formed at all.

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degenwhisperer

· 13h ago

Is IPO reliable? Feels like waiting for Godot. --- A valuation of 50 billion sounds great, but what’s with the sharp drop in futures contracts? --- RLUSD entering the top 5 is interesting, but it all pales in comparison to the cold reality of derivatives. --- Next year in Q2 will reveal the truth, whether the S-1 is filed or not, we’ll see then. --- Spot ETF attracts 1 billion, but then futures die out—this contrast is quite stark. --- Wait, after the SEC case is settled, is there really no risk? I still find it hard to believe. --- With the support of the financial valuation system, maybe we can really turn the tide. --- Ripple is making a big move in this game; it all depends on whether traditional finance will buy in.

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ForkThisDAO

· 13h ago

Futures contracts are so cold, indicating that retail investors have long since fled, and institutions are also waiting for the IPO trend... The real big show hasn't started yet. XRP spot ETF has attracted 1 billion, but derivatives are dead and dull; this gap is quite significant. Ripple has chosen the timing well, with SEC settlement + IPO follow-up, leaving almost no legal suspense. A valuation of 50 billion at listing? It depends on whether there will be surprises in Q2 2026; otherwise, it's just hype and speculation. RLUSD entering the Top 5 is solid, but the overall heat of XRP itself is indeed cooling. Betting on seeing the S-1 file by Q2 2026, otherwise this wave of momentum will be too much of a false start. Institutional allocation efforts are still not aggressive enough; a 2.7 billion expansion hasn't stirred up much waves.

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BearMarketSurvivor

· 13h ago

It takes seeing whether the SEC has any big moves left before IPO can become a reality, don't get caught up in the back and forth. The coldness of XRP futures is indeed quite intense; institutional investors are really relying on this wave of smoke screens to go public. Valuation of 50 billion? Let's wait until the S-1 is filed; right now, it's all futures. The key is whether RLUSD can really take off; otherwise, IPO will just be so-so. Ripple is playing this very cautiously, taking two years just to deal with the SEC, still hoping to soar to the sky. Derivatives trading is so cold, indicating the market isn't that optimistic. 10 billion AUM sounds impressive, but compared to traditional finance, it's still small. Burning 2.7 billion without knowing the results, now that's the real focus. No S-1, so don't guess randomly; 2026 is still too far away. How institutional investors will allocate XRP needs a traditional financial valuation framework. Futures are cold, but the spot ETF with 1 billion is still a highlight.

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ChainWanderingPoet

· 13h ago

All the Pacific saury are dead, so how is XRP futures still alive... LOL --- If the IPO really happens, retail investors like us will get cut again. Just watch. --- Valuation of 50 billion? Dreaming or real? How optimistic do you have to be to believe that? --- Can SEC settlement just make it take off? Don't be funny, institutions are still watching. --- RLUSD making it into the Top 5 is just showing off. With such fierce competition among stablecoins, who believes it can last long? --- In Q2 2026, I feel like it's another story of "going public next year." --- Spending 2.7 billion, but spot ETFs steal the spotlight. The game of capital is really hard to understand. --- Derivatives trading volume plummeted, claiming that all emotions are虚的, this is the real signal. --- Waiting for traditional finance to take over? Haha, just sitting here waiting to be harvested, the feeling is just one word—妙

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UncleWhale

· 13h ago

Ha, a $50 billion valuation and going public, this move could shake up the entire circle. Wait, futures open interest is so low? The institutions say they want to allocate, but their actions are so aggressive. Q2 2026? That's too far away, let's see if the SEC has any new tricks first. Ripple's approach is really clever; once the legal issues are settled, they start telling the story of traditional finance. Honestly, getting RLUSD into the Top 5 is real skill; stablecoins are the future. But with such low derivatives trading volume, it shows retail investors aren't that optimistic... However, if the IPO really happens, the price anchoring of XRP might just be beginning.

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