XRP Price Prediction: As Bloomberg Says Ripple Bid Up To $5B For Circle, The Solaxy Presale Cruises Past $32.6M

The XRP price dropped over 1% in the last 24 hours to trade at $2.21 as of 4:45 a.m. EST on trading volume that surged 14% to $2.9 billion.

This comes as an April 30 Bloomberg report noted that Ripple put a bid of between $4 billion to $5 billion as part of an attempted takeover of stablecoin issuer Circle. However, the offer was rejected for being too low.

Ripple has not considered whether to make another bid to purchase the stablecoin issuer. The acquisition attempt comes in days after Circle applied for an Initial Public Offering (IPO) in the US. 

For investors, Ripple’s acquisition of Circle would signal a strategic leap into the stablecoin market, potentially boosting XRP’s utility and long-term value while positioning the company as a dominant force in global crypto finance. 

XRP Price Poised For A Wave 5 Bullish Rally

The XRP price appears to be in the midst of an Elliott Wave structure, currently completing wave (4) and potentially entering wave (5), which typically marks the final impulse of a bullish sequence.

The recent bounce from the 200-day Simple Moving Average (SMA) suggests strong dynamic support near $2.00, as GeckoTerminal data shows. XRP has also reclaimed the 50-day SMA support, further reinforcing the bullish structure and upward continuation potential.

Meanwhile, the Relative Strength Index (RSI) is at 53.04, showing neutral-to-bullish momentum, which suggests that the Ripple token price still has room for growth before its enters overbought territory. 

The price of XRP structure also forms a higher low at wave (4), which is a bullish signal for continuation. If wave (5) follows typical Elliott Wave dynamics, XRP could target the previous resistance zone around $2.75.

However, if the bears take charge of the price, support around $1.64 still remains a possible cushion against downward pressure.

Meanwhile, investors are flocking to buy a new Solana project called Solaxy (SOLX). Popular YouTube channel 99Bitcoins, with over 725K subscribers, says the crypto has the potential to soar 100X post-launch.

Solaxy Presale Closes On 33 Million – Next 100X Crypto?

Solana’s speed and low fees are well-known, but reliability at scale has been an issue for the blockchain, especially when compared to Ethereum. While Ethereum leans on Layer-2s to manage network load, Solana has gone at it alone.

Enter Solaxy, the first Layer-2 solution for Solana, built to solve its growing congestion and scalability issues.

With Solaxy, Solana could finally unlock sustained growth and developer confidence without compromising the performance it’s famous for.

The project aims to address Solana’s network congestion issues by implementing off-chain processing mechanisms similar to Ethereum’s Layer-2 solutions.

It's perfectly okay to think about $SOLX at night…

We won't tell 😉🔥https://t.co/mdaTX9aVVx pic.twitter.com/AZcIvfpiS6

— SOLAXY (@SOLAXYTOKEN) April 22, 2025

This model has already successfully scaled the Ethereum blockchain through platforms like Arbitrum and Optimism.

By processing transactions off of Solana’s main chain, bundling them together, and submitting them to the mainnet for final verification, Solaxy’s system enhances efficiency.

Once launched, Solaxy will also provide a platform where developers can build decentralized applications or launch new tokens without compromising Solana’s Layer-1 capabilities.

The project has already raised $32.6 million through its ongoing presale, signaling strong market demand at this early stage.  

Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.00171 each using BNB, ETH, USDT, or a bank card. 

Solaxy also offers holders who stake SOLX a huge annual yield of 123%.

Interested investors will want to buy SOLX before the next presale price hike in about 7 hours to secure the best deal.

Visit the Solaxy website.

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