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Ripple has unlocked 1 billion XRP from its escrow, raising eyebrows about its market moves. Is Circle acquisition on the cards?
On May 3, blockchain data showed that Ripple completed three separate transactions: 200 million, 300 million, and 500 million XRP sent to two wallets linked to the company. This action follows a new trend: Ripple locks 700 million XRP before starting its usual monthly release, which differs from its previous practice of locking tokens after the release.
The timing of this large-scale XRP movement is drawing market attention amid rumors that Ripple is actively attempting to acquire Circle, the company behind the USDC stablecoin. This move comes following a growing demand for stablecoins in the market.
Reports say that an initial $5 billion offer was rejected, and Ripple has reportedly raised its offer to $20 billion. Although neither company has confirmed these discussions, sources suggest that this move fits Ripple’s recent shift from plans for an IPO to expanding aggressively through acquisitions.
The market’s reaction to the news has been quiet, with XRP trading between $1.96 and $2.50. The $2.25 mark is acting as a key resistance level. Analysts say momentum indicators hint at a possible short-term dip, but the long-term outlook is still cautiously optimistic.
