- 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.
Related: XRP Price Prediction May 2025: Will Ripple Smash $3 or Crash to $1.70?
Ripple Reportedly Raises Acquisition Bid to $20 Billion
However, 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.
In 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 reports
Ripple’s Stablecoin Ambitions and RLUSD
Ripple 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 Plans
While 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 Catalyst
XRP 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.
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