Ripple launches 700 million USD buyback at 175 USD per share; how it affects XRP price?

Ripple Labs has launched a 700 million USD buyback of 3-5% of its equity at 175 USD per share, showing strong confidence amidst SEC challenges.

This initiative follows a previous buyback at 125 USD per share in January 2025, reflecting a notable increase in Ripple’s valuation and positioning.

Although the buyback does not directly involve XRP, it is expected to influence market sentiment positively, hinting at Ripple’s robust financial health.