๐ฅ๐ถ๐ฝ๐ฝ๐น๐ฒ ๐ฆ๐ฎ๐๐ ๐ก๐ผ ๐๐ฃ๐ข ๐จ๐ป๐๐ถ๐น ๐ฎ๐ฌ๐ฎ๐ฑ, ๐ช๐ฎ๐ป๐๐ ๐๐ผ ๐๐ผ๐ฐ๐๐ ๐ผ๐ป ๐๐ฟ๐ผ๐๐๐ต
โค Ripple Stays Private for Now:
Rippleโs President Monica Long announced they wonโt go public in 2025. CEO Brad Garlinghouse supports the decision, saying thereโs no need for an IPO.
โค Why No IPO Yet?
Ripple has lots of cash already โ billions of dollars on hand โ so they donโt need to raise more money from the public.
โค Focus on Independent Growth:
Ripple wants to grow privately without the stress of public investors. Their big $11.3 billion share buyback earlier also showed they want to stay in control.
โค XRP Market Steady:
Rippleโs XRP coin is doing fine. XRP trades at $2.253with a market cap of $132 billion. The price went up 2.70% today and 9.21% this week, even though itโs still down 25% over 90 days.
โค Strong Financial Position:
โ Ripple has a strong balance sheet.
โ Focused on growing the business without outside pressure.
โ XRP remains stable despite IPO news.