- Elon Musk acknowledged XRP for the first time.
- Musk’s opinion is not an endorsement or a lack of endorsement for XRP.
Elon Musk has made headlines in the crypto industry by mentioning particular crypto assets. Recently, he has mentioned XRP, making an impact across the market. Notably, Musk has been actively campaigning for Donald Trump in recent weeks and discussed various topics such as the economy, politics, and cryptocurrency.
Musk mentioned XRP during a discussion about digital assets and blockchain technology. Elon was asked to comment on whether he thinks XRP could be integrated into the global financial system in the future. He responded without specifying XRP that cryptocurrency is an interesting and probably valuable bulwark against centralized control.
However, Elon Musk clarified that his comment does not imply support or opposition towards XRP. He emphasized that cryptocurrencies like XRP promote individual freedom.
Musk’s interference in the crypto industry has previously led to significant price movements. While Elon Musk did not endorse or criticize XRP, the indirect mention has fueled optimism among XRP investors amid the ongoing regulatory challenges with the Ripple Labs and SEC. On the other side, widespread speculation about whether his mention of XRP could boost its price and adoption is a concern among the community.
Notably, over the last 24 hours, XRP has gained over 2.50%, and trades at $0.5529, with its daily trading volume increasing by 81% to $1 billion, as per CMC data. Furthermore, Santiment reveals that the number of active wallets on the XRP Ledger has increased, reaching 35,799 unique wallets making at least one transaction a day.
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