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  • Nidhi Kolhapur
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    Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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  • Reviewed by: Qadir AK
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    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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  • 1 minute read

Fact Check: Is Elon Musk Buying XRP (Ripple)?

Story Highlights
  • Elon Musk–XRP Investment Rumor Goes Viral – Claims of a $104B Musk investment in XRP spread online, but no official confirmation exists.

  • Deleted Tweet Sparks XRP Speculation – Rumors of Musk tweeting about XRP resurface, yet no credible proof or screenshots have been found.

Is Elon Musk planning an investment in Ripple’s XRP? A recent viral post has claimed that the billionaire is set to invest $104 billion into cryptocurrency. The post even shared a headline that read: “Elon Musk Joins Ripple Partnership, Injects $104B into XRP.”

The attached news report says that Musk sees XRP as fast, efficient, and not a security. He also sees Ripple as a strong partner in in tackling regulatory challenges across the industry.

Just weeks ago, the same account made comments that Musk was ready to spend $50 billion on XRP. It also added that Musk believes XRP could hit a massive $600.37 per coin. But there was no evidence or official confirmation to back it up. Perplexity AI claimed that the $50 billion rumor wasn’t true. The latest rumor boasts an even larger figure of $104 million.

However, there is no confirmation about the same from any officials. Hence, the rumour should not be taken seriously until Musk or other officials confirm it. 

Rumored XRP Tweet from Musk Raises Questions

Earlier this year, rumors circulated that Musk had briefly posted, “#XRP is looking quite promising,” before deleting it just seconds later. The claim had also sparked excitement, with many citing his previous interest in Dogecoin and Bitcoin as a possible sign he could now be turning his attention to XRP. However, no screenshots have surfaced to prove the tweet existed. 

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