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Ripple CEO confirms that there will be no IPO by 2025 due to low capital requirements
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XRP consolidating phase ends; breakout targets $3.75 – $5.85
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Analysts say XRP could hit $15 after a potential Ripple IPO
Brad Garlinghouse, the CEO of Ripple, has put an end to speculation that the company would go public in 2025. He clarified that there are currently no plans for a public offering.
Garlinghouse was asked at an event if Ripple would pursue an IPO this year. He replied candidly by saying: “What I’ll say right now, what I’ve already said publicly is that most companies go public in order to raise capital. We haven’t had to raise capital and that hasn’t been our driving force.
Why isn’t Ripple going public?
Garlinghouse cited the historically unfavorable regulatory environment in the U.S. for the reason Ripple hasn’t moved towards an IPO. “Until recently, there was a hostile atmosphere in the U.S. Why would we try to have this conversation?” he asked.
Garlinghouse said that he did not believe that an IPO in 2025 was likely. He explained that Ripple had discussed going public internally, but it wasn’t a top priority.
Garlinghouse, while stating categorically that an IPO for 2025 is not in the cards, did not exclude the possibility of one in the future. He acknowledged that a change in leadership or policies within the U.S. Securities and Exchange Commission could lead Ripple back to the idea.
Related to Analyst Eyes XRP Breakout with Resistance at $2.30, and Falling Inflows
Could a future IPO still boost XRP price?
Even without an IPO in this year, market experts believe a future IPO will act as a catalyst for XRP value. Ali Martinez, a crypto analyst, predicts that XRP will reach $15 if Ripple goes public.
The XRP token is currently trading in a sideways fashion around $2.07. Technical analysts, however, suggest that this period of consolidation is nearing an end. One analyst referred to current price action as “Final Consolidation”, a phase of the monthly structure that signals an impending breakout.
Related to Analyst Eyes XRP Breakout with Resistance at $2.30, and Falling Inflows
Support and resistance levels are $1.88 and 1.63. If XRP breaks as expected, the short-term price target is $3.75 to $5.85. While a Ripple IPO is currently off the table, sentiment towards XRP continues its upward trend.
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