Ripple is reportedly moving toward an IPO with an estimated valuation near $40 billion, while XRP trades in a key technical zone highlighted by Elliott Wave analysis and strong demand between $1.00 and $1.20. Analysts point to resistance around $1.65–$1.70 and a potential move toward $2.50–$3.30 if a breakout occurs, as a recent transfer of over 116 million XRP between Kraken and Binance adds to short-term market speculation.