XRP Trades in Range; Ripple President Confirms It Will Not Go Public in 2025

by

After years of speculation, Ripple has confirmed that it
will not go public in 2025. The company behind XRP has opted for a different
path. In an interview with CNBC, Ripple’s President, Monica Long, explained
that an IPO is not part of the company’s plans. She noted that Ripple is
financially strong, holding billions in cash.

Meanwhile, the XRPUSD H1 chart indicates that the price is
stuck within a horizontal range. Traders should wait for a breakout to
determine the next direction.

Long stated that companies typically go public to raise
capital or increase visibility, but Ripple does not need either at this stage,
as reported by Coinpedia. CEO Brad Garlinghouse supported this view, confirming
that Ripple does not seek outside funding or plan to become a publicly traded
company in the near future.

The possibility of Ripple going public has been discussed
for several years. In 2022, Garlinghouse indicated that an IPO would be
considered once Ripple’s legal issues with the SEC were resolved. Following the
legal resolution in late 2023, Garlinghouse reiterated that going public is not
a priority for Ripple.

Trades Within Narrow Intraday Range

The XRPUSD H1 chart shows that the cryptocurrency faced
rejection near 2.22000 and found support around 2.16700. At the time of
writing, the price is moving back toward the lower boundary of the range.
However, without a clear breakout above resistance or below support, intraday
traders may find it difficult to identify setups with favourable risk-to-reward
ratios.

XRPUSD, H1 Chart, Source: TradingView

You may find it interesting at FinanceMagnates.com: Ripple
Secures First DFSA Blockchain Payments License in Dubai Push
.

Ripple’s Valuation Has Shifted

Earlier this year, Ripple repurchased shares at a valuation
of $11.3 billion, down from $15 billion in 2022. The share buyback raised $285
million, increasing Ripple’s total funding to $318.5 million.

Ripple’s investors include high-profile names such as
Andreessen Horowitz, Google Ventures, and Founders Fund, signalling ongoing
confidence in the company.

Ripple Grows Global Presence via Partnerships

Ripple recently announced the
acquisition of Hidden Road for $1.25 billion
. The deal is among the largest
in the digital asset sector. With this move, Ripple becomes the first crypto
firm to own and operate a global, multi-asset prime broker. Hidden Road
provides services in clearing, prime brokerage, and financing across asset
classes, including foreign exchange, digital assets, derivatives, swaps, and
fixed income.

Ripple has also expanded its network through new
partnerships. The
company is working with Revolut and Zero Hash
to strengthen its position in
the stablecoin space alongside USDT and USDC. In Portugal, it has partnered
with Unicâmbio to enable real-time payments between Portugal and Brazil using
digital assets.

In South Korea, BDACS
will use Ripple Custody to store XRP and RLUSD
. Ripple expects Japanese
banks to begin using the XRP Ledger for cross-border transactions by 2025. The
company is also collaborating with Chainlink to integrate RLUSD into
Ethereum-based DeFi platforms.

After years of speculation, Ripple has confirmed that it
will not go public in 2025. The company behind XRP has opted for a different
path. In an interview with CNBC, Ripple’s President, Monica Long, explained
that an IPO is not part of the company’s plans. She noted that Ripple is
financially strong, holding billions in cash.

Meanwhile, the XRPUSD H1 chart indicates that the price is
stuck within a horizontal range. Traders should wait for a breakout to
determine the next direction.

Long stated that companies typically go public to raise
capital or increase visibility, but Ripple does not need either at this stage,
as reported by Coinpedia. CEO Brad Garlinghouse supported this view, confirming
that Ripple does not seek outside funding or plan to become a publicly traded
company in the near future.

The possibility of Ripple going public has been discussed
for several years. In 2022, Garlinghouse indicated that an IPO would be
considered once Ripple’s legal issues with the SEC were resolved. Following the
legal resolution in late 2023, Garlinghouse reiterated that going public is not
a priority for Ripple.

Trades Within Narrow Intraday Range

The XRPUSD H1 chart shows that the cryptocurrency faced
rejection near 2.22000 and found support around 2.16700. At the time of
writing, the price is moving back toward the lower boundary of the range.
However, without a clear breakout above resistance or below support, intraday
traders may find it difficult to identify setups with favourable risk-to-reward
ratios.

XRPUSD, H1 Chart, Source: TradingView

You may find it interesting at FinanceMagnates.com: Ripple
Secures First DFSA Blockchain Payments License in Dubai Push
.

Ripple’s Valuation Has Shifted

Earlier this year, Ripple repurchased shares at a valuation
of $11.3 billion, down from $15 billion in 2022. The share buyback raised $285
million, increasing Ripple’s total funding to $318.5 million.

Ripple’s investors include high-profile names such as
Andreessen Horowitz, Google Ventures, and Founders Fund, signalling ongoing
confidence in the company.

Ripple Grows Global Presence via Partnerships

Ripple recently announced the
acquisition of Hidden Road for $1.25 billion
. The deal is among the largest
in the digital asset sector. With this move, Ripple becomes the first crypto
firm to own and operate a global, multi-asset prime broker. Hidden Road
provides services in clearing, prime brokerage, and financing across asset
classes, including foreign exchange, digital assets, derivatives, swaps, and
fixed income.

Ripple has also expanded its network through new
partnerships. The
company is working with Revolut and Zero Hash
to strengthen its position in
the stablecoin space alongside USDT and USDC. In Portugal, it has partnered
with Unicâmbio to enable real-time payments between Portugal and Brazil using
digital assets.

In South Korea, BDACS
will use Ripple Custody to store XRP and RLUSD
. Ripple expects Japanese
banks to begin using the XRP Ledger for cross-border transactions by 2025. The
company is also collaborating with Chainlink to integrate RLUSD into
Ethereum-based DeFi platforms.



Source link

Related Posts

Leave a Comment