XRP News Today: Ripple Eyes Uphold Acquisition Amid XRP Dominance

Ripple, a prominent player in the cryptocurrency space, is reportedly set to acquire Uphold Inc, a major exchange with a significant focus on XRP. This rumor, sparked by a post from crypto influencer JackTheRippler, has ignited intense discussions within the XRP community and beyond. Neither Ripple nor Uphold has officially confirmed the acquisition, but the speculation has gained traction, particularly as Uphold is reportedly exploring strategic options, including a potential sale or IPO.

Uphold has become a pivotal player in the XRP ecosystem, holding over $4.5 billion in XRP, which constitutes approximately 69% of its total cryptocurrency reserves. The exchange has processed more than 26 million XRP transactions, representing over 26% of the asset’s overall transactional volume. Uphold’s recent addition of support for USDC on the XRP Ledger further solidifies its deep integration within the XRP ecosystem. This level of involvement positions Uphold as an essential hub for the XRPFi (XRP-based decentralized finance) movement. An acquisition by Ripple would grant the company immediate control of a platform already aligned with its long-term goals for enterprise-grade financial infrastructure.

Ripple’s track record of strategic investments includes acquiring a stake in Bitstamp, which was later involved in a merger deal. An acquisition of Uphold would mark a more direct expansion for Ripple, positioning it to own a highly compliant, XRP-heavy exchange with a global user base. This move would support Ripple’s broader goals, including deeper liquidity for RLUSD (Ripple’s stablecoin) and further development of financial products built on the XRP Ledger. Uphold’s robust infrastructure and transparent reserves, backed 100.6% according to internal disclosures, would be a valuable asset for Ripple’s growing financial ecosystem.

Uphold’s CEO, Simon McLoughlin, has confirmed that the company is considering a sale or IPO, with a valuation reportedly exceeding $1.5 billion. Revenue projections for 2025 are said to surpass $300 million, up from just $80 million in 2022. These financial indicators highlight why Uphold has become a prime acquisition target, not only for Ripple but for others eyeing its strong financials and XRP integration. McLoughlin’s open support for XRP also raises questions about his preferences for a potential acquisition, whether it be from Ripple or broader institutional interest to drive up valuation.

While the rumor remains unverified, JackTheRipper’s post has drawn attention to what could become one of the most consequential deals in crypto. Ripple’s ambitions, Uphold’s XRP dominance, and the clear synergies between the two make the acquisition not just plausible but strategically powerful. The community continues to watch and wait as speculation swirls around one of XRP’s most trusted platforms.