- Ripple going public in 2020, CEO drops hint on an IPO
- Ripple Price Analysis – XRP coin recline to $0.21 amid price correction
Recently, there have been speculations that Ripple, a San-Francisco based Fintech company, may have an IPO planned for this year. According to Ripple’s latest news, the CEO of Ripple Brad Garlinghouse affirmed the news during an interview at the World Economic Forum at Davos.
Although there is no video interview available online yet, the News began from a Tweet by Rippe’s senior vice president of Product Management, Asheesh Birla. Birla affirmed the report by referencing Garlinghouse’s assumed statement. For now, there is no additional information on the report.
XRP (XRP) Price Today – XRP / USD
Moreover, this is not the first time Garlinghouse has talked about an IPO. Sometime in September 2017, in an interview with CNBC, Garlinghouse was asked about the advantages and disadvantages of a Ripple IPO, and he stated:
“It’s a flattering question to get. I want to make sure we have the right managerial maturity, infrastructure, and ability to forecast properly.” He went further: “We’ve been around for 4.5 years. At some point, it will make sense. Just not today.”
Also in 2018, there were speculations online on if a Ripple IPO is forthcoming. Garlinghouse projects that the initial public offerings (IPOs) will be more powerful in the blockchain and cryptocurrency sphere in 2020. Speaking at the World Economic Forum in Davos on Jan. 23, 2020, Garlinghouse allegedly implied that Ripple would soon be among the firms to pursue a public debut. He went thus:
“In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company.”
Ripple Price Analysis – XRP coin recline to $0.21 amid price correction
Ripple News Update – Ripple’s XRP price has encountered a lot of selling pressure, breaking the mid-term rising trend line into a fresh declining wedge pattern. This was after reaching the wedge’s support close to $0.21. XRP coin recoiled back near the wedge’s resistance. A price rejection is projected on the XRP price reaches this resistance. The major support levels are $0.21 and $0.20, while the major resistance levels are $0.23 and $0.25.
Ripple latest update – currently, XRP coin is trading close to $0.222 against the U.S dollar and also it is indicating a loss of 1.24%. XRP price projected to correct soon once it finds a key support level. The MACD for the XRP coin is presently indicating a bullish crossover. If the XRP price rises back to the positive zone, a major surge should be anticipated to the 2800 SAT level. an additional gain above the channel could push XRP coin to an extreme buying as 3400 SAT resistance would be a major target for buyers.