XRP Market Dynamics: Circle Denies Acquisition Rumors Amidst Speculation

In recent developments within the cryptocurrency sector, Circle, the prominent stablecoin issuer, has officially denied rumors regarding potential acquisition talks with major players like Coinbase and Ripple. These rumors, which proliferated across various crypto social media platforms, suggested informal discussions between the companies, sparking investor curiosity and concern. Circle’s firm stance on remaining independent has helped quell some of the speculative fervor, emphasizing its commitment to its current operational trajectory. Meanwhile, XRP’s market price stands at 2.29280000 USDT, reflecting the ongoing dynamics in the digital asset space. This article delves into the details of these developments and their implications for the broader cryptocurrency market.

Circle Denies Acquisition Rumors Amid Coinbase and Ripple Speculation

Circle has publicly refuted rumors of acquisition talks with Coinbase or Ripple, following widespread speculation across crypto social media channels. The stablecoin issuer confirmed it has no interest in being bought or sold, quelling investor concerns triggered by unverified claims.

The rumors originated from social media posts suggesting informal discussions between the companies, with some sources hinting at potential XRP-based transactions. Market observers had grown wary of the unsubstantiated reports, which gained traction through influencer accounts like Del Crxpto.

XRP Price Declines Amidst Drop in Trading Volume

Ripple’s XRP fell 2.41% to $2.30 on Tuesday, retreating from $2.35 as daily volume contracted 0.82% to $2.13 billion. The simultaneous pullback in both metrics suggests weakening momentum, potentially foreshadowing a trend reversal as trader interest wanes.

Despite the downturn, XRP maintains a 2.70% weekly gain with a market capitalization of $134.69 billion. Market movers show PancakeSwap, Quant and Four leading gainers, while SPX6900, Pi and Monero head the losers’ board.

XRP Faces Overvaluation Concerns Amid Downtrend, Investors Remain Hopeful for Rebound

XRP’s price continues to struggle as overvaluation delays its recovery toward the $2.50 mark. The Network Value to Transactions (NVT) Ratio has surged to a one-month high, signaling potential overvaluation relative to network activity. Such spikes often precede price corrections, casting doubt on immediate recovery prospects.

Despite these headwinds, long-term holders appear undeterred. The declining Liveliness indicator suggests accumulation by patient investors, echoing past resilience after periods of overvaluation. Market participants now watch for renewed buying interest to catalyze the anticipated rebound.

Circle Explores $5 Billion Sale to Coinbase or Ripple While Pursuing IPO

Circle Internet Financial is weighing a potential $5 billion acquisition by either Coinbase or Ripple despite its ongoing IPO preparations, according to sources familiar with the matter. The stablecoin issuer filed public IPO paperwork in April but remains engaged in parallel acquisition discussions, with Ripple’s previous $4-5 billion offer deemed insufficient.

The company maintains a complex revenue-sharing arrangement with Coinbase through their USDC partnership established in 2018. "If Coinbase wanted to buy them, Circle WOULD sell in a heartbeat," revealed a banking source involved in the private negotiations. Market observers note the fluid nature of such deals, with terms evolving weekly.

Uphold Warns of Final Opportunity to Buy XRP Below $3 as Key Catalysts Converge

XRP’s sub-$3 price window may be closing faster than anticipated, according to alerts from major exchanges. The token currently trades at $2.34 as three significant catalysts align: potential spot ETF approval, Federal Reserve rate cut signals, and the upcoming XRPL APEX developer summit.

Market observers suggest June could prove decisive for XRP’s valuation. Price projections for 2025 now consistently exceed the $3 threshold, creating urgency among investors. Uphold’s social media post framing this as a ’last chance’ scenario has amplified retail interest.

The convergence of regulatory developments, macroeconomic conditions, and ecosystem growth presents a unique inflection point. Exchange platforms are emphasizing proper acquisition methods and risk assessment as volatility expectations increase.

Circle Files for IPO on NYSE, Targets $6.71B Valuation

Circle Internet Financial has formally abandoned acquisition rumors involving Coinbase or Ripple, opting instead for a Wall Street debut. The stablecoin issuer filed for an IPO on Tuesday, May 27, seeking to raise up to $624 million through 24 million shares priced between $24-$26.

The proposed valuation reaches $6.71 billion on a fully diluted basis, with 9.6 million shares offered by Circle and 14.4 million from early investors including Accel and General Catalyst. ARK Investment Management, led by Cathie Wood, has emerged as a committed buyer, signaling institutional confidence in the crypto-adjacent fintech.