Reality Check: Did Elon Musk Buy XRP?

Is Elon Musk planning to invest in XRP from Ripple? A recent viral post claimed that the billionaire would invest $104 billion in cryptocurrency. The post even shared a headline that read: “Elon Musk joins Ripple partnership, investing $104 billion in XRP.”

The attached news report states that Musk views XRP as fast, efficient, and not a security. He also considers Ripple a strong partner in addressing regulatory challenges across the industry. Just a few weeks ago, the same account commented that Musk was ready to spend 50 billion dollars on XRP. This account also added that Musk believes XRP could reach a level of 600.37 dollars per coin. But there is no evidence or official confirmation to prove that. Perplexity AI claims that the $50 billion rumor is false. The latest rumors put the figure even higher at $104 million. However, there has been no confirmation of this from any officials. Therefore, this rumor should not be taken seriously until Musk or other officials confirm it. Rumors About Musk’s XRP Tweet Raise Questions Earlier this year, there were rumors that Musk posted a short message, “#XRP looks quite promising,” before deleting it just a few seconds later. This statement also generated excitement, with many citing his previous interest in Dogecoin and Bitcoin as a possible indication that he is now shifting his attention to XRP. However, no screenshots have emerged to prove that this tweet ever existed.