XRP is poised for a breakout! Could the rumors of an acquisition of Ripple be the catalyst to突破2.25美元?

Original title: Fact Check: Is Ripple Really Offering $20 Billion to Buy Circle?

Original Author: Coin Edition

Source:

Compiled by: Daisy, Mars Finance

Fact Check: Is Ripple really going to acquire Circle for $20 billion?

Ripple is rumored to have raised its acquisition offer for Circle.

If Ripple's quote is accepted, Circle's IPO plans may change.

The XRP price is struggling at the $2.25 mark, with a breakthrough imminent.

The competition for dominance in stablecoins is intensifying. According to reports, Ripple is taking significant action to acquire USDC stablecoin issuer Circle.

According to the latest report from Bloomberg citing anonymous sources, Circle rejected Ripple's initial offer of $4-5 billion because it was too low.

Ripple has raised its acquisition offer to $20 billion.

However, the latest development is shocking — Ripple CEO Brad Garlinghouse is reportedly raising the acquisition offer to $20 billion. Sources say that both parties are negotiating based on this higher valuation. This price increase news is yet to be officially confirmed by either company.

During this serious business negotiation, Ripple's Chief Technology Officer David Schwartz made a sarcastic comment. In response to a tweet about Ripple's initial offer of $5 billion, he wrote: "$6 billion, but that's our final offer."

Ripple's Stablecoin Ambitions and RLUSD

Ripple is trying to strengthen its position in the stablecoin sector. The company launched its own stablecoin RLUSD last December, but its market capitalization of $317 million is still insignificant compared to Circle's USDC, which has a market cap of $61.7 billion.

The rumored price has soared from 5 billion to 20 billion USD, demonstrating Ripple's determination to dominate the stablecoin sector— as the global regulatory framework gradually clarifies, the sector is showing signs of accelerated development.

Circle's IPO plan

Despite Circle's secret IPO application submitted to the SEC this month, Ripple's new offer could change the situation. A Circle spokesperson previously declined to comment, citing the SEC's quiet period.

XRP price seeks catalysts

XRP is currently in a narrow range of fluctuations and has not been able to break through the $2.25 mark. After recently breaking through $2.20, the token is now testing the resistance level of $2.25.

Technical indicators are showing strength - MACD is bullish, and RSI breaking above 50 indicates sufficient momentum.

If the closing price stays above $2.25, it may quickly rise to $2.35 or even $2.50; on the downside, $2.18 is a key support level.