XRP Sell-Off Rumors Swirl After Expert Questions Ripple’s War Chest
Dave Weisberger raised concerns about Ripple Labs potentially financing a takeover of Circle for $10 to $20 billion, questioning how Ripple could sell $10 billion in XRP without negatively impacting the market. Pro-XRP attorney Fred Rispoli countered that Ripple could acquire Circle using a mix of cash, debt, and equity without needing to sell XRP. Rispoli estimated Ripple's valuation at $15 billion, suggesting a lower acquisition price for Circle could make the deal feasible. Weisberger acknowledged Rispoli's analysis but warned of potential short-term price impacts for XRP holders. Ripple's cash reserves have decreased following a recent acquisition, and while Circle has stated it is not for sale, it is pursuing a NYSE listing with a $7.2 billion valuation. Ripple's own dollar-token, RLUSD, positions it competitively in the market. Selling significant amounts of XRP could distort prices unless done privately. XRP was trading at $2.19.
