Ripple Reportedly Upped Circle Offer to $20B After $5B Rejection
By: cryptosheadlines|2025/05/02 10:30:02
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Ripple has allegedly raised the Circle acquisition offer.Circle’s IPO plans may change if Ripple’s offer is accepted.XRP price struggles at $2.25, bullish breakout may come soon.The battle for stablecoin dominance is intensifying. Ripple is reportedly making big moves to acquire Circle, the issuer of the USDC stablecoin. According to a new Bloomberg report citing anonymous sources, Ripple initially made an offer valued between $4 billion and $5 billion, which Circle rejected as too low.BREAKING:Ripple reportedly made a $4–$5 billion bid to acquire Circle’s USDC — but the offer was turned down!CTO David Schwartz responded: “$6 billion, and that’s our final offer.” #XRP pic.twitter.com/LENmDWy8YH— CryptoSensei (@Crypt0Senseii) May 1, 2025Related: XRP Price Prediction May 2025: Will Ripple Smash $3 or Crash to $1.70?Ripple Reportedly Raises Acquisition Bid to $20 BillionHowever, in a surprising new development, Ripple’s CEO Brad Garlinghouse has now reportedly raised the acquisition bid to a massive $20 billion. Sources suggest negotiations are progressing toward a potential deal at this higher valuation. The news of this escalated bid awaits official confirmation from either company.BREAKING: Ripple CEO Brad Garlinghouse has reportedly raised the bid to purchase Circle for $20 billion, with the deal moving closer to being finalized.If completed, this move could mark a major step toward Ripple becoming a full-scale financial institution. #XRP pic.twitter.com/RodOXiJkeW— CryptoSensei (@Crypt0Senseii) May 1, 2025In the middle of all this serious business, Ripple’s Chief Technology Officer David Schwartz made some comments. Responding to a tweet about Ripple’s earlier offer of $5 Billion, he said, “$6 billion, but that’s our final offer.”Related: Ripple offers to acquire Circle $USDC stablecoin issuer, Bloomberg reportsRipple’s Stablecoin Ambitions and RLUSDRipple appears trying to strengthen its position within the stablecoin sector. The company launched its own stablecoin, RLUSD, last December. However, RLUSD remains a small player with a market capitalization of around $317 million compared to Circle’s USDC, which commands a market cap of over $61.7 billion.The alleged increase in the acquisition offer from $5 billion to $20 billion shows Ripple’s seriousness in securing a leading role in the stablecoin sector — a space seeing heightened activity as regulatory clarity improves globally.Circle’s IPO PlansWhile Circle had been focused on its plans to go public, having confidentially filed for an initial public offering (IPO) earlier this month, the new offer from Ripple could change dynamics. A Circle spokesperson previously declined to comment on the matter, citing the company’s quiet period with the U.S. Securities and Exchange Commission (SEC).XRP Price in Search of CatalystXRP is currently trading in a tight range and hasn’t been able to move above the $2.25 level. It recently broke above $2.20 and is now testing $2.25 as resistance.Technical indicators look strong — the MACD is bullish, and the RSI is above 50, showing momentum.If XRP closes above $2.25, it could quickly rise to $2.35 or even $2.50. On the downside, $2.18 is the key support to watch if the price drops.Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Source link
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