Rippleโs CEO Brad Garlinghouse has debunked the swirling rumours of Ripple potentially acquiring Circle. The popular stablecoin USDC issuer has been reported to be in talks with several major crypto brands, including Coinbase & Ripple.
Ripple CEO: $11 Billion Was Never On Offer
However, several media outlets reported that Circle (USDC) rejected a $5 billion offer from Ripple, which was apparently raised to $10-11 billion in cash in response to initial rejection. Whether itโs true or not, this question was raised during the Las Vegas conference last week, where Brad Garlinghouse sat down with law professor Chris Brummer to clear things up.
โRipple never offered $11 billion to Circleโ, – declared Ripple Boss Mr. Garlinghouse, wishing the popular USDC stablecoin issuer well and denying any ambition to acquire the rival. Notably, Ripple is also entering the stablecoin scene with the RLUSD stablecoin, which has recently gained critical acclaim on a federal level in tech-savvy Dubai, United Arab Emirates.
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Moreover, the global integration of RLUSD paints a bright picture for XRP price, as this altcoin is already a major player in the cross-border transaction field. At one point last month, XRP took a massive upswing in trading volume to briefly flip Tether (USDT) by global market capitalization.
XRP Price Sleeps In Range-Bound Mode
At present time, XRP price is still trading in a narrow range between $2.21 – $2.28, a far cry from the high-level Bollinger Band (BOLL). The $3.40 all-time high is still 35% away, but plenty of crypto traders on X agree that a double-digit XRP price could be in play.
For that to occur, Ripple is in need of smooth legal developments in the SEC case & traditional finance adoption, like the multiple Ripple ETF submissions.
Right now, crypto market bettors on PolyMarket have never been so sure of an XRP exchange-traded fund (ETF) product hitting the markets.
Ultimately, with a 92% probability of approval by the end of 2025, this could bear fruit in XRP price appreciation, while market observers are peeling their eyes on June 16, when SEC is supposed to deliver a crucial bi-monthly report on the SEC vs. Ripple suit.
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XRP price moves with market demand, Ripple news, SEC updates, and overall crypto trends.
Itโs possible, but depends on mass adoption, legal clarity, and a major crypto bull run.
Like most altcoins, XRP reacts to market sentiment, trading volume, and regulatory news.
Many traders like its liquidity and volatility, but itโs still riskyโDYOR (do your own research).
Yesโany major ruling or settlement can cause big price swings.
