Is Ripple buying back XRP?

Could you please clarify whether Ripple is indeed engaging in a buyback program for XRP? I've heard rumors but am seeking confirmation from a reliable source. Given Ripple's influence in the crypto space, such a move could have significant implications for XRP's market value and overall liquidity. Are there any official announcements or statements from Ripple that support this speculation? And if so, what are the potential benefits and risks associated with Ripple buying back its native token? Thank you for your time and insight.