The associated report indicates that Musk views XRP as quick, effective, and non-security. He also perceives Ripple as a formidable ally in confronting regulatory obstacles in the sector. Just a few weeks prior, the same source claimed that Musk was set to invest $50 billion in XRP, anticipating that it could soar to an incredible $600.37 per coin. However, there was no substantiation or official endorsement to verify this claim. Perplexity AI refuted the $50 billion speculation, but the latest rumor suggests a heftier figure of $104 billion. Source

Nevertheless, there has been no official confirmation regarding these claims. Therefore, it’s advisable to not take these rumors at face value until confirmed by Musk or other credible sources. The purported Musk Tweet about XRP has added to the speculation.

Earlier this year, murmurs swept across the internet claiming that Musk briefly tweeted, “#XRP is looking quite promising,” only to delete it moments later. This stirred up excitement among crypto enthusiasts, who pointed to Musk’s known interest in Dogecoin and Bitcoin as a possible indication that he could be shifting his focus to XRP. However, there is no evidence to confirm the existence of this tweet.

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