XRP’s Strategic Move: Ripple’s $5B Bid for Circle Rejected Amid IPO Ambitions
Ripple Labs has made headlines with its ambitious $4-5 billion acquisition offer for Circle, the issuer of the USDC stablecoin. However, Circle’s leadership swiftly rejected the proposal, deeming it too low. This development comes as Circle remains focused on its impending public listing, having confidentially filed for an IPO earlier this year. The stablecoin market continues to be a hotbed of activity, with Ripple potentially considering a revised bid. Below is a detailed summary of the situation and its implications for the cryptocurrency sector.
Ripple’s $5B Bid for Circle Rejected as Too Low Amid IPO Plans
Ripple Labs has proposed a $4-5 billion acquisition of Circle, the issuer of USDC stablecoin, according to Bloomberg sources. The offer was swiftly rejected by Circle’s leadership as undervaluing the company. Negotiations remain fluid, with Ripple considering but not committed to a revised bid.
Circle maintains its focus on an impending public listing, having confidentially filed for an IPO earlier this year. The stablecoin pioneer has withheld comment on valuation specifics or timing, while regulatory constraints limit public disclosures. Market observers note the proposed deal would have combined two of crypto’s most regulated entities.
The rejected bid signals intensifying competition in dollar-pegged digital assets, where Circle’s USDC trails only Tether in market capitalization. Ripple’s interest underscores the strategic value of stablecoin infrastructure for cross-border payments.
Pundit Challenges Market Cap Logic, Predicts XRP Could Reach $100
John Squire, a crypto investor with over 520,000 followers on X, has reignited debate around Ripple’s XRP by dismissing traditional market cap constraints as a barrier to its price potential. "They say XRP can’t hit $100 because of market cap. Bro, if you’re still using Excel logic to predict the future, you’re already late," Squire argued, labeling market capitalization a "vanity metric."
The commentary strikes at the heart of crypto valuation debates, where speculative momentum often clashes with conventional financial frameworks. Squire’s assertion that XRP’s price ceiling is "made of cardboard" reflects a growing sentiment among altcoin holders that network utility and adoption metrics may eventually supersede purely quantitative models.
XRP Trading Activity Surges 134% as Price Eyes Breakout Zone
XRP is witnessing a dramatic spike in short-term trading activity, with inflows of speculative capital surging 134.9% in under a week. Blockchain analytics firm Glassnode reports that so-called ’hot capital’—digital assets held for fewer than seven days—jumped from $0.92 billion to $2.17 billion between April 20 and April 28.
The surge reflects growing trader interest, as evidenced by darker shaded regions on Glassnode’s Realized Cap by Age chart indicating new holdings. While weekly inflows remain below December 2024’s peak of $7.66 billion, the current momentum suggests renewed market attention on the digital asset.
XRP Price Prediction For May 1
XRP continues to trade within a familiar range on higher timeframes, hovering just above the 38.2% Fibonacci retracement level—a technical zone often linked to wave 4 corrections in Elliott Wave theory. The asset has dipped over 2%, currently priced at $2.20.
The pullback is viewed as part of a broader wave 4 correction, with potential for another upward leg to form a higher high. However, deeper retracements remain possible. Key support lies between $1.22 and $1.34, with $1.21 acting as a critical pivot. A breakdown below this level would severely undermine bullish momentum, signaling a shift toward bearish dominance.
