There are multiple posts circulating on social media about a supposed partnership between Elon Musk and XRP. However, this news is totally fake. Here’s a simple breakdown of what is going on.
One post on X by Ripple Queen appears to be misleading hype, claiming, “A groundbreaking partnership between Elon Musk and XRP has just been officially announced!”
Partnership between Elon Musk and XRP?, Source: X
Ripple Queen has also shared an image of Binance Square in the post, which claims that Ripple’s CEO, Brad Garlinghouse, is working closely with Musk, possibly to make the claim look more credible.
This viral news may be aimed at manipulating public interest and XRP’s price. The image says that XRP could go up to $600 because of this “partnership,” but this is pure speculation without any foundation.
The images says, “By integrating XRP into Musk’s X Payments platform, they’re positioning the cryptocurrency to reshape the digital payments landscape.”
Musk to invest $104 billion into XRP?, Source: X
Another post is also making unverified claims, stating that Musk is preparing to invest $104 billion into XRP as p[part of this partnership with Ripple to power payments for X, the so-called “Everything App.”
There has been no official announcement from Elon Musk, Ripple, or X (formerly Twitter) confirming any collaboration involving XRP. Main news sources, reputable crypto media sites, and Ripple’s own sources have yet to report on such a transaction.
Additionally, Elon Musk has never publicly endorsed XRP. Actually, he prefers Dogecoin, and there is no indication that X Payments (his still-in-dev-platform) has any intention of integrating XRP whatsoever.
Always beware of viral social media posts and crosscheck news using genuine and authentic sources prior to believing and sharing.
