Discussion around a possible Ripple IPO in 2026 and potential impact on the XRP price has picked up after Investing Visuals ranked major private companies by estimated valuation.
Specifically, the presentation places SpaceX at the top with a projected value of $1.5 trillion. OpenAI follows at $830 billion, while ByteDance stands at $480 billion. Anthropic comes in at $230 billion, Databricks at $160 billion, and Stripe at $120 billion.
Projected Ripple IPO at $50B
Meanwhile, Revolut holds an estimated valuation of $90 billion, with Shein at $55 billion. Notably, Ripple comes in next at $50 billion, matching Canva at the same level. Together, these companies account for a combined valuation of roughly $3.6 trillion.
If Ripple goes public at a $50 billion valuation, it will likely rank as the ninth-largest IPO of 2026. This figure also exceeds Ripple’s most recent private valuation. For context, in Q4 2025, Ripple completed a $500 million funding round that valued the company at about $40 billion. A move to $50 billion would represent a 25% increase.
Importantly, an IPO of that size would raise questions about XRP’s price outlook. While Ripple operates as a company and XRP exists as a separate digital asset, the markets have often linked the two.
Specifically, when Ripple expands partnerships, gains regulatory clarity, or attracts institutional attention, XRP sentiment typically picks up. To understand how a $50 billion IPO could affect XRP, we asked Google Gemini for an assessment.
XRP Price if Ripple IPOs at $50B
Google Gemini called 2026 a year when Ripple’s corporate growth and XRP’s market performance could become more connected, especially for institutional investors. With the assumption that Ripple lists publicly at a $50 billion valuation, Gemini presented a hypothetical price range for XRP.
According to Gemini, a public listing would represent Ripple’s move from a long-standing private company to a major public one.
While XRP does not represent ownership in Ripple, the token benefits from activity within Ripple’s ecosystem. Increased visibility from an IPO could bolster confidence in Ripple’s technology and, by extension, support demand for XRP.
In this scenario, Gemini suggested a bullish XRP price range between $8 and $15. One major factor behind this prediction is institutional sentiment. At present, XRP trades largely on retail demand and its role in cross-border payments.
A successful IPO could send a message to traditional finance that Ripple’s business model has matured. Gemini pointed out that some institutional analysts, including Standard Chartered, have already mentioned $8 as a possible XRP target for 2026, assuming steady ETF inflows and lower regulatory risk.
Ripple Executives Downplay the Urgency of an IPO
Despite these projections, Ripple executives have consistently downplayed the urgency of an IPO. CEO Brad Garlinghouse said in a July 2024 Fortune interview that going public represents only one step in Ripple’s journey, not a final goal.
In March 2025, Garlinghouse told Bloomberg that an IPO was not a major priority, noting that Ripple continued to grow without needing public capital. Moreover, he also mentioned to Bloomberg that Ripple currently focuses on acquiring firms, not pursuing a public offering.
Ripple President Monica Long has suggested the same. In an April 2025 CNBC interview, she confirmed that Ripple had no plans to go public in 2025, pointing to billions of dollars in cash reserves. Later, at the Swell conference in New York in November 2025, she told Bloomberg that Ripple had no IPO plan and no timeline.
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