Elon Musk’s XRP Statement Under Scrutiny: Fact Check

Rumors have ignited on social media about Elon Musk and Ripple (XRP), sparking speculation about the tech mogul’s potential backing for the cryptocurrency. According to claims by user CryptoGeek on X, Musk reportedly posted, “#XRP is looking quite promising,” only to delete it shortly afterward. While this post remains unverified, the XRPArmy’s optimism towards XRP hasn’t been diminished. However, the lack of concrete proof and absence of any official confirmation from Elon Musk, Ripple, or X fuels doubt surrounding these claims. Furthermore, past rumors about a potential $104 billion investment by Musk in XRP to facilitate payments on X have resurfaced, contributing to the ongoing speculation. While some posts on social media suggest collaboration between Musk and Ripple’s CEO, Brad Garlinghouse, these assertions haven’t been officially confirmed. It’s important to note that these rumors are yet to be substantiated. The circulating claims about a partnership with Ripple aim to inflate XRP prices through market manipulation.