Ripple Offered to Buy Circle—What Happened to the $5B Deal?

• Circle has rejected Ripple’s bid of $5B for Circle, focusing instead on its IPO trajectory and growth.

• Ripple’s strategic expansion continues with new acquisitions, and RLUSD is growing. This boosts the bullish sentiment towards XRP.

Ripple has made headlines with an incredible offer in April: the proposed acquisition of Circle by $5 billion, the company that issues the USDC stablecoin. Previous spotted Crypto News Flash, or CNF, reported that Ripple joined Circle in supporting Trump’s Advisory Council.

Bloomberg reports that Ripple was looking to acquire one of their main competitors in order to increase its market share on the stablecoins. Walter Bloomberg shared this information in his X account.

*RIPPLE IS SAID TO HAVE OFFERED TO BUY STABLECOIN RIVAL CIRCLE https://t.co/d5PFUuBwII

— *Walter Bloomberg (@DeItaone) April 30, 2025

In addition, referring to the updates by insiders, Circle turned down the deal, believing the offer undervalued the company—especially given its own growth trajectory and ambitions to go public.

Timing was crucial. Circle filed its U.S. IPO in early this month. The executives seem to be focused on letting the public market determine their valuation and not a buyout.

Strategic Positioning and Ripple’s Acquisition Streak

Ripple is expanding according to reports. In April, it announced the acquisition of prime brokerage firm Hidden Road for $1.25 billion, one of the largest crypto M&A deals to date.

Ripple’s President Monica Long confirmed recently that the company has no plans to go public but remains firmly rooted in its current business model. “acquisitive mode.” Ripple has a strategy of aggressive scaling and securing a dominant position in the stablecoin industry.

Ripple has its own cryptocurrency. stablecoinRLUSD has been gaining tremendously with a recently exceeded $300 million market cap. Circle’s USDC is still the largest stablecoin, with a market cap of over $62 Billion.

Price Analysis and Forecast for XRP

While Ripple’s corporate strategy doesn’t always directly correlate to XRP’s price, sentiment around expansion—especially in the stablecoin sector—continues to support bullish sentiment for the asset. XRP continues to be one of the top ten cryptocurrencies based on market cap as confidence among institutions in blockchain infrastructure grows.

Recent CNF prediction is close to what was predicted updateXRP remains resilient amid the wider crypto volatility. The currency is maintaining its key technical foundations and aiming for a breakout. $2.40. Now, XRP trades at $2.20 USD, reflecting the a 2.16% Drop over the last day with a small increase in 0.75% CoinMarketCap reported that XRP prices have increased by 4% in the past seven days. Below you can see XRP’s price chart.

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