XRP (CRYPTO: XRP) is flat at 0.1%, with commentators discussing how a deal between Ripple and Circle would have impacted the stablecoin landscape.
What Happened: In his X post on May 7, Puckrin discussed how Circle, the issuer of USDC, processes over $25 trillion annually and manages a $61 billion stablecoin market.
Acquiring it would have given Ripple instant scale in the stablecoin arena, bolstering its RLUSD stablecoin and greatly expanded its institutional reach.
The $5 billion bid reportedly fell short as Circle eyes a post-IPO valuation boost, with CEO Jeremy Allaire framing the IPO as a long-term infrastructure play, not an exit.
Such a move would mark a significant strategic pivot for Ripple, expanding its ambitions beyond XRP and directly challenging Tether's dominance.
It also highlights how vital stablecoins have become in the race to define crypto's financial infrastructure layer.
Also Read: XRP Outpaces Bitcoin, Ethereum In Q1 As Investment Inflows Top $200 Million
What's Next: Crypto trader The Cryptomist sees XRP holding a key trendline support and eyes a breakout toward $2.90–$3.00, provided structure holds.
Another analyst, Traderview2, notes XRP's resilience amid market weakness.
Unlike many alts, it's still holding its December range, even as Bitcoin dominance pulls liquidity from smaller tokens.
On the daily chart, XRP remains technically healthy, recent price action bounced off the yearly VWAP, was rejected at the quarterly VWAP, and is now approaching monthly VWAP near the $2.00 range low.
A bounce here would confirm continued strength. But if XRP loses that level, it could flip the bias bearish. Until then, structure remains intact, and bulls are still in the game.
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