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International Business Times
International Business Times
Business
Marvie Basilan

$XRP Retreats Amid News Circle Rebuffed Ripple's Takeover Offer

Ripple Circle XRP Crypto USDC United States
Ripple cryptocurrency price (Credit: Cryptocurrency.com/flickr)

KEY POINTS

  • Ripple has reportedly not yet considered whether it should make another offer
  • $XRP is down nearly 2% in the day following the takeover rejection
  • Ripple has been busy acquiring companies over the last two years
  • Just last month, Ripple agreed to acquire prime broker Hidden Road for $1.25 billion

XRP prices retreated overnight after a new report revealed that Circle Internet Group Inc., the issuer of the popular USDC stablecoin, rejected a takeover bid from Ripple valued between $4 billion and $5 billion.

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