Rumors are making the rounds within the Ripple XRP community about the possibility of Ripple acquiring the stablecoin issuing giant Circle. Along with these conversations comes an expectation for XRP to outperform in the long term, should the community’s expectations be met.
In a recent post that seems to tackle both subjects, Kate Young Ju, an alternative X account for Ki Young Ju, the founder of the on-chain analytical platform CryptoQuant, brought clarity to the discussion.
“XRP gives off the vibe of a league of capital market pros. It has flaws, but there’s something undeniably sharp about how it moves.” The pseudonymous account asserted.
Addressing the rumors surrounding Ripple and Circle, the analyst remarked that Ripple acquiring the stablecoin issuer would mark a strategic move for the payment giant.
Institutional players are poised to flock to the XRP market
According to a report from Fortune, Circle kicked off “informal talks” with Ripple and Coinbase over the possibility of an acquisition deal. Insider sources reportedly disclosed that Circle is eyeing at least $5 billion in sales valuation, around the same amount as its initial public offering (IPO) target.
The analyst noted that with a rise in the demand for stablecoins among institutional investors from both the cryptocurrency and traditional markets, key players awaiting Circle’s IPO might throw their weight behind XRP going forward.
As the analyst wrote;
“There’s a rumor floating around that Ripple might acquire Circle. I don’t know if it’s true, but if it is, it’d be a very strategic move. With so many investors eager to bet on the future of stablecoins, those who were waiting for Circle’s IPO might end up buying XRP instead. Just to be clear — this post isn’t sponsored. I don’t hold any XRP.”
