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

  • 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.

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