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The XRP price dropped 2% in the past 24 hours to trade at $2.30 as of 4:18 a.m. EST, despite a 4% rise in trading volume to $2.03 billion.
This comes as Circle, the issuer of USDC, shut down reports of informal acquisition talks with Coinbase or Ripple.
“Circle is not for sale. Our long-term goals remain the same,” a company spokesperson told the media following reports that the stablecoin issuer was seeking a $5 billion valuation in sale discussions and its initial public offering (IPO).
💥BREAKING
CIRCLE DENIES REPORTS OF ACQUISITION TALKS WITH RIPPLE AND COINBASE
“CIRCLE IS NOT FOR SALE. OUR LONG-TERM GOALS REMAIN THE SAME.” pic.twitter.com/UJuqeHOVqE
— DustyBC Crypto (@TheDustyBC) May 27, 2025
XRP Price Gearing Up For A Breakout
The XRP price on the daily chart shows a breakout from a falling wedge pattern, a classic bullish reversal formation.
After breaking out of the wedge, the Ripple token price appears to be consolidating around the $2.30–$2.50 region. This region aligns closely with the 0.382 Fibonacci retracement level at $2.2633, where XRP is finding support, according to GeckoTerminal data.
Meanwhile, the 50-day Simple Moving Average (SMA), currently at $2.2379, is trending upward and lies just below the current price of XRP, suggesting a short-term bullish bias.
The 200-day SMA, at $2.2535, has been acting as a dynamic support level. XRP’s holding above both of these key SMAs strengthens the case for bullish continuation.
The Relative Strength Index (RSI) is hovering around 48.38, which is in neutral territory. This indicates that the Ripple token is neither overbought nor oversold at the moment, leaving room for a potential upward move.
XRP shows signs of preparing for a bullish leg upward. The measured move from the wedge breakout projects a target near $3.35, which is reinforced by the 0 Fibonacci extension level at $3.3483. As noted on the chart, this would represent a 46% price increase from current levels.
On the flip side, if the bears take charge of the price at this level, and with the RSI now trading downwards, the price of XRP could undergo a correction. In this scenario, the 0.5 Fib level ($1.92) and the 0.618 Fib level ($1.59) act as the immediate support levels.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which gives token holders free BTC through airdrops.
99Bitcoins, a prominent crypto YouTube channel with over 723k subscribers, says BTCBULL is poised for massive gains.
BTC Bull Token Presale Nears $7 Million
BTC Bull Token is a one-of-a-kind project that enables its holders to earn real Bitcoin rewards without investing directly in BTC.
The project’s presale has already raised over $6.43 million, signaling rising investor interest.
BTCBULL holders will receive free Bitcoin when BTC crosses $150K for the first time and again at the $200K milestone. These events are designed to reward loyal supporters directly during high-momentum market phases.
Perhaps the most anticipated event is when Bitcoin reaches $250K for the first time. The project will conduct a monumental airdrop when Bitcoin achieves this milestone, distributing 10% of the entire 21 billion token supply to early supporters.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
In addition to BTC airdrops, the team will also carry out BTCBULL token burns, permanently removing a portion of the total supply. The aim is to follow Bitcoin’s footsteps and increase scarcity and value.
Bitcoin Bull token holders can also earn passively by staking their tokens for a 64% annual percentage yield (APY).
Investors who want to participate in the presale can visit the official BTC Bull Token website to buy BTCBULL for $0.00253 each using BNB, ETH, USDT, or a bank card.
Buy BTCBULL before a price hike in about 1 hour to secure the best deal.
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Best Wallet - Diversify Your Crypto Portfolio
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