🚀It looks like Ripple's expected initial public offering (IPO) will not happen this year or early 2024. This is due to ongoing litigation with the SEC and the need for regulatory approval of the S-1 filing.

🌐Although Ripple CEO Brad Garlinghouse has considered an IPO outside the US, no specific timeline has been provided for such a move.

💹On the other hand, Ripple's native token, XRP, experienced a price rally and recently reached $0.73, becoming the fourth largest cryptocurrency in terms of market value.

📰Ripple's IPO is Unlikely

The cryptocurrency community has been intrigued by speculation that Ripple may soon file for an IPO. However, this did not happen.

Yassin Mobarak, founder of Dizer Capital, offered several reasons why Ripple will not go public this year or early 2024. He said that such an initiative may be possible after the US SEC approves the company's S-1 filing.

However, due to ongoing litigation, such an attempt is currently impossible. Mobarak also claimed that Garlinghouse was considering filing for an IPO outside the US, but a timeframe for this was not given.

📈XRP's Latest Price Increase

Regarding Ripple, it is worth mentioning the recent price rally of its native token, XRP. On November 6, it hit a three-month high of $0.73, according to CoinGecko data, making it the fourth-largest cryptocurrency by market cap.

Factors affecting this increase include the positive developments of the case between Ripple and the US SEC, the general green wave in the digital asset industry and the numerous agreements signed by the company.