Talk of Ripple heading to the stock market has been quietly shut down by the company’s leadership, even as its valuation and capital base continue to expand.
Recent fundraising success may have fueled expectations of a public listing, but Ripple’s message is that an IPO simply does not fit its current playbook.
Key Takeaways
Ripple has firmly ruled out an IPO, citing strong access to private capital and no need for public market liquidity.
XRP has rallied sharply, with technical indicators and analyst commentary pointing to a constructive market structure.
ETF flows show growing interest in XRP products, even as broader crypto fund flows remain mixed.
In comments shared during a recent appearance with Bloomberg, Monica Long made it clear that the company sees little strategic benefit in going public. She framed IPOs as tools for firms that need liquidity or wider investor access, neither of which Ripple lacks. With strong private market demand and a solid balance sheet, the company prefers to remain flexible and execution-focused rather than tied to public market expectations.
Private Capital Over Public Markets
That stance follows Ripple’s $500 million private funding round completed late last year, a deal that reportedly lifted the company’s valuation to around $40 billion. Compared with earlier internal benchmarks linked to share buybacks, the jump was substantial, underscoring how much investor confidence has grown without the need for a stock exchange debut.
According to Long, the structure of the deal was designed to protect investors on the downside while keeping strategic control firmly with Ripple. Remaining private, she argued, allows management to allocate capital more aggressively toward building products around XRP and expanding enterprise-grade payment solutions, rather than managing quarterly earnings optics.
XRP Price Action Gains Momentum
While Ripple’s corporate strategy stays firmly private, XRP itself has been anything but quiet. The token has staged a sharp recovery in recent weeks, rallying more than 20 percent over the past seven days and recently trading around the $2.28–$2.30 zone. The latest move followed a prolonged base, with price accelerating higher on expanding volume before cooling slightly.
Momentum indicators reflect that surge, with RSI pushing into overbought territory and MACD remaining positive, suggesting buyers are still in control even as short-term consolidation sets in.
ETF Flows and Technical Tailwinds
Flows data has added another layer of support. On January 6, XRP-linked products recorded net inflows of roughly $19 million, standing out on a day when Bitcoin ETFs saw sizable outflows and Ethereum products attracted the bulk of institutional demand. The contrast suggests growing, targeted interest in XRP rather than broad-based risk appetite alone.
From a technical perspective, analyst Credible Crypto pointed to a completed “triple tap” setup on XRP, describing the recent breakout as a textbook bullish resolution. His view suggests that even if short-term pullbacks emerge, the broader structure favors continuation rather than a full trend reversal.
Execution First, Not a Ticker Symbol
Taken together, the picture is one of divergence between Ripple’s corporate strategy and XRP’s market behavior. While leadership prioritizes product development, acquisitions, and long-term execution away from public markets, XRP continues to attract speculative and institutional interest through price action, ETF flows, and improving technical structure. For Ripple, staying private is about control and speed. For XRP, the market appears focused on momentum and upside potential.
