Ripple Confirms No 2025 IPO Plans as XRP Trades in Narrow Range

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• XRP price remains rangebound with traders awaiting breakout signals for clear directional movement.
• New partnerships expand Ripple’s global payments network across Portugal, Brazil, South Korea and Japan.

Ripple has officially stated it will not pursue an initial public offering (IPO) in 2025. President Monica Long explained in a CNBC interview that the company does not require additional capital or heightened visibility, two common reasons for going public. CEO Brad Garlinghouse reinforced this position, noting Ripple’s strong financial standing, which includes billions in cash reserves.

💥🔥RIPPLE’S MONICA LONG JUST LIT UP CNBC WITH MASSIVE UPDATES.

We have extracted every key quote you need to see from her interview — broken down for you: 👇🏻

On XRP:

🔹 “XRP serves a couple different roles… within the blockchain, the XRP Ledger, it’s the native asset, so you… pic.twitter.com/QGkcPHM6fB

— All Things XRP (@XRP_investing) April 25, 2025

For years, market observers speculated about a potential Ripple IPO, especially after Garlinghouse suggested in 2022 that the company might consider it once its legal dispute with the U.S. Securities and Exchange Commission (SEC) concluded. The case settled in late 2023, but Ripple has since shifted focus away from public listing.

Instead, the company repurchased shares earlier this year at an $11.3 billion valuation, down from $15 billion in 2022. The buyback raised $285 million, bringing total funding to $318.5 million. Major investors, including Andreessen Horowitz and Google Ventures, remain involved.

Today, Ripple announced it is acquiring Hidden Road for $1.25B– becoming the first crypto company to own and operate a global, multi-asset prime broker. Together, Ripple and Hidden Road are bringing the promise of digital assets to institutional customers at scale, bridging…

— Ripple (@Ripple) April 8, 2025

While Ripple solidifies its business strategy, XRP trades within a confined range. The XRPUSD H1 chart shows no clear directional bias, leaving traders waiting for a breakout to determine the next move. The lack of IPO-related speculation may contribute to the subdued price action.

Ripple Expansion Through Acquisitions

Ripple recently acquired Hidden Road, a prime brokerage firm, for $1.25 billion. The deal makes Ripple the first cryptocurrency company to operate a global, multi-asset prime brokerage, offering services in foreign exchange, digital assets, and derivatives.

Additional partnerships aim to strengthen Ripple’s global footprint:  

• Revolut and Zero Hash: Collaborating to enhance stablecoin offerings.
• Unicâmbio: Facilitating real-time payments between Portugal and Brazil using digital assets.
• BDACS (South Korea): Adopting Ripple Custody for XRP and RLUSD storage.
• Japanese Banks: Expected to use the XRP Ledger for cross-border transactions by 2025.
• Chainlink: Working to integrate RLUSD into Ethereum-based decentralized finance (DeFi) platforms.

💥NEWS: Ripple CEO firmly dismisses any plans for an IPO in 2025, calling it a "definitive no."

"Most companies that go public do that to raise capital. We haven't needed to raise capital."

Is $XRP enough to carry Ripple?💪 pic.twitter.com/8vsRUnqhj3

— Coin Bureau (@coinbureau) April 19, 2025

The company continues to expand through strategic acquisitions and partnerships, even as XRP’s price remains range-bound. With institutional adoption growing, Ripple’s long-term focus appears centered on infrastructure rather than public markets.

XRP (Ripple) is currently trading at $2.287, registering a +1.51% daily gain, with a solid +10.09% growth over the past week and a +3.66% gain over the past month. Over a 6-month period, XRP shows a spectacular +332.95% rally, and a +341.72% gain over the past year, marking it as one of the strongest performers among major altcoins. Its market capitalization is approximately $133.69 billion, with a 24-hour trading volume around $4.83 billion.

Technically, XRP is moving strongly toward breaking the critical $2.33–$2.45 resistance zone. A breakout above this range could ignite a rally toward $2.77 and possibly $3.00, with very bullish targets beyond that if momentum continues.

If XRP fails to reclaim $2.33 convincingly, analysts warn of a possible pullback to $1.97 or even $1.24, according to some bearish projections. Indicators currently suggest a neutral to bullish trend.

On the fundamental side:

• ProShares’ XRP futures ETFs are launching on April 30, 2025, approved by the SEC, opening the door for more institutional access.
• CME Group is preparing to offer XRP futures trading starting in May.
• XRP attracted $31.6 million in institutional inflows last week alone, significantly outpacing major altcoins like ADA, LTC, and SOL.