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Altcoin News

Elon Musk Says Ripple XRP is Promising: Fact Check

In another post, the user also says that Musk has partnered with Ripple to use XRP.

Written By Jalpa Bhavsar
Fact Checked by Kritika Mehta
Published 2025-06-03·Updated 1 year ago
Make The Crypto Times preferred on GoogleGoogle
Elon Musk Says Ripple XRP is Promising Fact Check

Elon Musk and XRP are making waves again as new rumors spread on social media. This time, the rumor claims Musk believes that XRP is promising.

On X, a user named CryptoGeek claimed that Musk posted, “#XRP is looking quite promising” and deleted it just 20 seconds later. He also claimed that Musk is working on a global payments deal with Ripple, the company behind XRP.

The post claiming that Musk is XRP garnered massive attention. Users flocked to find any screenshot of the original X post if possible. However, no such screenshot was found, even CryptoGeek failed to offer the tweet’s snapshot. Thus, it’s possible that Musk never made such a post on X. Nonetheless, the XRPArmy is open to such possibilities as they remain bullish on Ripple’s token.

In another post, the user also says that Musk has partnered with Ripple to use XRP. However, this is not the first time rumors have circulated about this partnership. In the past, rumors circulated around Musk preparing to invest $104 billion into XRP as part of this partnership with Ripple to power payments for X.

There are also images added of posts from Binance Suqure suggesting Musk and Ripple’s CEO, Brad Garlinghouse, are working together. Another post also said that after this partnership, the XRP price could reach $600.

However, it is important to note that there is no official confirmation from Elon Musk, Ripple, or X (formerly Twitter) about any such deal. The major reason behind this rumor is to trick people and potentially push the XRP price up. 

Also Read: BlackRock to File for Spot XRP ETF Today: Fact Check

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Elon MuskFact CheckRipple (XRP)
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