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XRP Remains Stable; Ripple Executive Clarifies Plans Against Going Public in 2025
After considerable speculation, Ripple has confirmed that it will not pursue an initial public offering (IPO) in 2025. The company behind XRP has chosen an alternative path. In a recent CNBC interview, Ripple President Monica Long detailed that an IPO is not on the horizon, noting that the company is in a strong financial position with billions in cash reserves.
Currently, the XRPUSD one-hour chart reflects that the cryptocurrency price is confined within a sideways range. Traders are recommended to await a breakout to better gauge the future direction.
Long-Standing Discussions About Going Public
Long explained that companies often opt for public offerings to secure funding or boost visibility; however, Ripple is not in need of either at this stage. CEO Brad Garlinghouse supported this view, stating that Ripple does not plan to raise outside capital or transition to a public entity anytime soon.
💥🔥Ripple’s Monica Long just illuminated CNBC with significant updates.
“XRP serves various roles… within the blockchain, the XRP Ledger, it’s the native asset…”
Price Movements in a Limited Range
The XRPUSD hourly analysis shows that the cryptocurrency has encountered resistance close to 2.22000 and has found support around 2.16700. It is currently approaching the lower boundary of this range; traders should proceed with caution unless solid breakout confirmation occurs.
Source: TradingView
Changes in Ripple’s Valuation
Earlier this year, Ripple executed a share repurchase at a valuation of $11.3 billion, significantly down from $15 billion in 2022. The $285 million buyback brought the total funding to $318.5 million. Investors such as Andreessen Horowitz, Google Ventures, and Founders Fund continue to support Ripple, showcasing their confidence in the company’s future trajectory.
💥 “Most companies go public to raise capital. We haven’t needed to raise capital.”
Ripple’s Growth Through Strategic Acquisitions
Recently, Ripple acquired Hidden Road for $1.25 billion, marking it as the first cryptocurrency firm to possess a global multi-asset prime brokerage. Hidden Road excels in clearing, brokerage, and financing solutions across various sectors, including FX and digital assets.
In addition, Ripple is partnering with Revolut and Zero Hash to broaden its footprint in the stablecoin sector. In Portugal, it is facilitating real-time payments through Unicâmbio. In South Korea, BDACS plans to utilize Ripple Custody for the storage of XRP and RLUSD. Japanese banks are anticipated to initiate cross-border transactions using the XRP Ledger, while integration with Chainlink is set to enhance the DeFi capabilities of RLUSD.
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