Ripple's $5 billion bid to acquire Circle was rejected, with Circle focusing on its IPO and growth trajectory.
Circle declined the deal, believing the offer undervalued the company, especially since they have ambitions to go public and let public markets define their valuation.
Ripple, despite the rejection, continues its strategic expansion with acquisitions like Hidden Road and the growth of RLUSD, contributing to bullish sentiment for XRP.
XRP remains resilient amid broader crypto volatility, maintaining key technical supports and eyeing a potential breakout above $2.40, currently trading at $2.20 USD with slight fluctuations.