Ripple Rumored to Acquire Circle, USDC Issuer
- Acquisition Rumor: Ripple's rumored acquisition of Circle, the issuer of the $61 billion stablecoin USDC, has garnered significant attention, and if confirmed, it would rank among the most consequential deals in the history of digital assets.
- Historical Context: Ripple initially offered between $4 billion and $5 billion to acquire Circle in 2025, but the bid was rejected as too low, as Circle was focused on its IPO plans with the SEC, indicating Ripple's sustained interest in the company.
- Market Impact: If the acquisition goes through, Ripple would gain direct access to USDC's infrastructure, significantly expanding XRP's use cases and potentially altering the competitive landscape in cross-border payments, enhancing Ripple's influence in the stablecoin market.
- Competitive Advantage: By controlling both RLUSD and USDC, Ripple would achieve an unprecedented competitive edge in the stablecoin market, and although the deal remains unconfirmed, the market's strong reaction to Ripple's acquisition intentions highlights the strategic implications of this pursuit.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000209 | 0.000216 | 0.000224 | 0.000232 | 0.000239 | 0.000247 | 0.000255 |
| Fibonacci | 0.000216 | 0.000222 | 0.000226 | 0.000232 | 0.000238 | 0.000241 | 0.000247 |
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