Rumors of a potential acquisition of Circle Internet Financial — the firm behind the USDC stablecoin — have injected fresh momentum into XRP, sparking a 5% price jump and strengthening the bullish XRP price prediction.
Still, the news may not be fully priced in. XRP has since retraced to $2.35, alongside a 25% drop in trading volume in the 24 hours following the report.
With many investors remaining on the sidelines and competing bidders in the mix, it has not yet made a compelling case as the best crypto to buy.
Better-than-expected April inflation data have lifted sentiment, but Fed Chair Jerome Powell’s reluctance on rate cuts has tempered risk appetite, leaving the market cautiously optimistic.
Ripple Wants Circle, But it Faces Tough Competition
While Circle is still committed to going public, Fortune-reported informal talks with Coinbase and Ripple suggest it is exploring multiple paths.
Sources from the banking and private equity sector say Circle is seeking at least $5 billion, the same valuation it is targeting for the IPO.
Ripple has already made a bid in the range of $4 billion to $5 billion, but that offer was turned down as too low, according to Bloomberg.
With a shared history dating back to 2018 through the Centre Consortium—a venture to establish fiat-backed stablecoins, including USDC—Coinbase is seen as the natural buyer.
Though the consortium dissolved in 2023, Coinbase retains an equity stake in Circle and continues to share in the USDC revenue.
XRP Price Prediction: Could Ripple-Circle Pave the Way to $1000?
Ripple Labs would likely integrate USDC into the XRP Ledger network, providing access to a sector expected to grow from $248 billion $2 trillion by 2030, according to Citigroup projections.
Such an integration could significantly boost XRP Ledger transaction volumes, increasing the burn rate and utility demand for XRP. This would support long-term XRP price growth with deflationary pressure.
However, in the near-term price action is likely to be defined by the breakout from the falling wedge pattern that has defined the multi-month XRP price downtrend.
Momentum has faltered post-breakout, with the Rupple price now retesting the pattern’s former resistance as support. Crossing below this could invalidate the pattern completely.
If momentum continues, the pattern sets an XRP price breakout target around $4 before the end of the year, representing a potential 70% surge from current prices.
This outlook is supported by the MACD, which continues to lead above the signal line—often an early sign of a sustained mid-term trend.
More so, the RSI holds in bullish territory above the neutral line at 50, though the balance remains delicate. Buying pressure continues to lead higher timeframes.
The ongoing retest of past support at $2.20 in line with the 0.5 Fib retracement level—a common reversal zone—could mark a correction bottom if bulls fail to defend the current level.
Looking further ahead, June 17 presents a major catalyst with the decision deadline on US XRP spot ETFs.
Alongside a Ripple-Circle deal, the coveted $1,000 XRP price prediction could be in focus for the coming years.
The Bull Market Could Be Back – Here’s How to Take Advantage
Any trader hedging their risk likely features Bitcoin (BTC) as a major part of their portfolio, especially with the market in a state of cautious optimism.
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With some analysts forecasting highs of $1M this cycle and BTC finally back on the recovery path, BTCBULL could become a Bitcoin Maxi’s best friend.
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