‘Circle is not for sale, ‘ the USDC stablecoin issuer has clarified amid the ongoing rumors of a Coinbase or Ripple buyout. While the crypto industry was recently abuzz with talks of a possible sale, the stablecoin firm has denied the report. Furthermore, it continue pursue its plans of an Initial Public Offering (IPO), and a possible listing on the New York Stock Exchange (NYSE) later this year. Circle Rejects $5 Billion Ripple Takeover Bid Previous reports suggested that blockchain firm Ripple offered $5 billion in a takeover bid for stablecoin firm Circle. However, during the negotiation process, the USDC issuer had denied the bid of $4-$5 billion from Ripple, stating that it was too low and insufficient. While Ripple reportedly remains interested in pursuing a deal, it has yet to decide on making a revised proposal. Meanwhile, the USDC issuer continues to prioritize its plans for an IPO. In… Read More at Coingape.com
Ripple (XRP) price soared to $2.70 on Thursday, surging 19% in 24 hours as investors responded to U.S. trade tariff updates and rising anticipation ahead of the White House Crypto Summit on March 7. With XRP bulls maintaining dominance in derivatives markets, leveraged long positions now total $150 million, signaling continued upside potential.
Ripple (XRP) Outperforms Bitcoin and Ethereum Ahead of White House Crypto Summit
XRP faced stiff resistance at the $3 level after Trump’s announced the strategic crypto reserve on March.
However, renewed volatility from shifting U.S. trade policies has strengthened bullish sentiment leading into the summit. If momentum persists, XRP could challenge long-term resistance above $3.
Ripple (XRP) Price Action
The latest market data indicates a strong influx of buyers, propelling XRP beyond $2.70 as investors execute last-minute trades ahead of today’s high-profile summit.
Ripple CEO Confirms Attendance at White House Crypto Summit
Ripple CEO Brad Garlinghouse confirmed his participation in the White House Crypto Summit, reinforcing the company’s growing engagement with the Trump administration’s digital asset policies.
” I’ve had some new confirmations for Friday’s White House Crypto Summit. As of this morning, invites were still rolling out. .”
FOX report Eleanor Terret Confirmed Ripple CEO Brad Garlinghouse attendance at White House Crypto Summit, in a March 6 post on X.
The summit, led by Trump’s AI and Crypto Czar David Sacks, will feature major industry figures, including Coinbase CEO Brian Armstrong and MicroStrategy’s Michael Saylor. Discussions will center on regulatory frameworks and a proposed U.S. crypto reserve.
Ripple price, already up 19% on Thursday has outperformed Bitcoin’s 4% dip. The affirms investor optimism surrounding the summit’s potential impact on Ripple’s institutional adoption. Analysts suggest a breakout beyond $3 could materialize if policy discussions favor digital asset integration into financial markets.
What is the White House Crypto Summit, and How Could It Be Bullish for XRP?
The White House Crypto Summit is a pivotal event where key industry leaders and policymakers discuss the future of cryptocurrency regulations in the U.S. Topics include the establishment of a national crypto reserve and clearer guidelines for institutional adoption.
For XRP, the summit’s significance lies in its potential to reshape market sentiment. If Ripple gains regulatory clarity or is formally integrated into the proposed reserve, XRP could experience sustained bullish momentum, with traders eyeing a move toward $5.
XRP Liquidation Map | March 6
Going by trends observed in Coinglass‘ latest derivatives market data, majority of XRP short-term traders are anticipated a positive outcome from the summit. As seen in the chart above, XRP long leverage has crossed the $150 million mark at press time on March 6, towering above the active short contracts which currently stands at $115 million. With long leverage outpacing short by more than 20%, the short-term momentum remains largely bullish.
However, if negative readings from Non-Farm Payrolls report overshadow headlines from the White House Crypto summit, XRP price risks rapid corrections if the over-leveraged bulls are liquidated.
XRP Price Eyes $5 as Bulls Retain Control Ahead of White House Crypto Summit
XRP price is holding strong above $2.60, gaining 19% in just two days as technical indicators flash bullish signals. The Parabolic SAR dots remain positioned below price action, confirming the prevailing uptrend, while the MACD histogram shows expanding green bars, signaling strengthening bullish momentum. The MACD line has crossed above the signal line, reinforcing the possibility of a sustained rally.
A decisive close above the $2.70 resistance zone could set the stage for a retest of the psychological $3 level, where prior rejection occurred following Trump’s crypto reserve announcement. If bulls maintain control, breaking past $3 could expose XRP to an extended breakout toward the $5 mark in the coming weeks.
XRP price analysis | XRPUSD
However, failure to hold above the $2.60 level may invite bearish pressure, potentially leading to a retest of the $2.10 support level, where buyers previously stepped in to propel the recent surge.
The increasing leverage in long positions, now at $150 million, suggests that market sentiment is skewed toward the upside, but it also introduces liquidation risks if volatility spikes. As the White House Crypto Summit unfolds, XRP’s reaction to regulatory developments could dictate the next major move, with bullish momentum favoring a continued uptrend.
In the latest XRP news, the market has received a boost with NYSE Arca’s approval of the Teucrium 2X Long Daily XRP ETF. The stock exchange’s move is considered a step forward in integrating more crypto-based investment products into the conventional financial system.
The Teucrium XRP Leveraged ETF
Per the latest XRP News, NYSE Arca approved the listing and registration of Teucrium’s 2X Long Daily XRP ETF under the Securities Exchange Act of 1934. This ETF, part of the Listed Funds Trust, gives investors a leveraged way to gain exposure to XRP, the digital currency used on the XRP Ledger.
It is worth noting that Teucrium received the green light from the American Security Commission in 2022 to launch a Bitcoin futures ETF. Now, the company is expanding into the XRP market to make it easier for investors to access alternative markets.
This move is part of a growing trend as more traditional financial firms get involved in crypto. The launch of the leveraged XRP ETF shows that confidence in the coin’s future is picking up.
In addition, crypto experts suggest that this approval signals a shift in sentiment toward risk-on products. Though regulatory challenges remain, such listings could only mean the demand for digital assets in conventional markets.
Growing Push for XRP ETF By Asset Managers
Aside from the Teucrium leveraged product approval, other major asset managers are also pushing for spot XRP ETF approvals.
In an earlier update, Franklin Templeton filed S-1 registration statement with the SEC for a potential XRP ETF. This follows its applications for Bitcoin and Solana ETFs. The move shows a serious interest in expanding crypto services to traditional investors.
Furthermore, speculation has also grown around BlackRock, especially after Ripple CEO Brad Garlinghouse commented that an XRP ETF makes sense for the community.
Though no official partnership has been confirmed, many in the crypto space expect more applications in the months ahead. This is even more likely with the Ripple and SEC lawsuit closure, paving the way for more interest.
XRP Futures in the Spotlight
Furthermore, the XRP futures product is gaining traction in the broader market.
As reported earlier, Coinbase Institutional has filed with the CFTC to self-certify XRP futures contracts via its derivatives arm. The contracts are set to launch on April 21, 2025. This filing process allows for a quicker path to market.
Meanwhile, Bitnomial, a digital asset derivatives exchange, has launched CFTC-regulated XRP futures in the U.S. This move comes after the SEC closed its appeal against Ripple, clearing regulatory hurdles.
Many experts believe the development marks another step in bringing XRP into mainstream, regulated markets.
Cryptocurrencies price trends are showing significant movement, with Bitcoin price hovering around $81k after a slight recovery of 5% yesterday. This comes after a notable price correction in the past few days. The global cryptocurrency market cap stands at $2.64 trillion, reflecting a 0.91% increase within the last 24 hours. However, volatility is expected as the U.S. Consumer Price Index (CPI) data is set to be released today, Wed, March 12th, which may impact market activity.
Cryptocurrencies Price Forecast: Will Bitcoin’s Recent Surge Endure Ahead of CPI?
U.S. Consumer Price Index (CPI) data will be released on Wednesday, March 12, attracting significant market attention. Projections indicate a 2.9% increase in inflation, but actual inflation is expected to come in much lower at around 2.4-2.5%.
Current true inflation statistics demonstrate this pattern since the CPI reveals positive signs of deceleration. Market observers remain focused on the possibility of Bitcoin price growth because the economy shows both current inflation challenges and initial adverse crypto market trends.
CPI data tomorrow will come in way lower than expected. It’s already been proven with tru inflation data. Projected is 3% expected is 2.9% and the actually numbers are 2.4-2.5%
Will Bitcoin Price Recover to $90k After CPI Released?
The BTC price hovered around $81,720 on March 12, 2025, as volatility remained a defining feature in the crypto market. Despite fluctuations, the BTC price maintains a relatively stable range, with a critical support level established just below $80,000.
The Moving Average Convergence Divergence (MACD) reveals mixed signals. The MACD line is above the signal line in the 4-hour chart.
The Relative Strength Index (RSI) remains in a neutral zone at 44.37, just above the 40 mark, hinting that Bitcoin is neither overbought nor oversold, with $82k acting as a significant resistance level. If the BTC price breaks this, the next level lies at the $90k mark.
On the downside, if the Bitcoin price prediction fails to maintain support around $80k, further declines might bring the price closer to the $70,000 range.
The other crypto markets are seeing a slight surge, with ETH price struggling to regain its trend amid market uncertainty. The latest ETH price is trading at $1,910, reflecting a minor 1% increase.
If Ethereum price prediction continues to face downward pressure and closes below $1,900, it may test its next support level at $1,800. On the other hand, if a recovery happens, ETH could rally back above the $2,200 level.
The top altcoin market, like XRP, is showing a strong performance, up by over 5%, while Solana (SOL) hovers around $130 with a modest 0.2% increase. Dogecoin (DOGE) also experiences a 5% uptick, as other top coins follow the upward momentum.
The upcoming CPI data will significantly affect the Bitcoin price fluctuations. Market changes after the CPI response will establish future market patterns specifically when inflation trends downwards. If the market conditions stay favorable Bitcoin may push through greater resistance points while cryptocurrencies price exchange values continue to change as expected.
