XRP Speculation Reignites as Unverified Elon Musk Endorsement Surfaces
Rumors of Elon Musk endorsing Ripple's XRP token have resurfaced, sparking widespread speculation within the cryptocurrency community. An unverified claim by user CryptoGeek on X alleged that Musk briefly posted and then deleted a message describing XRP as "quite promising," while also hinting at a potential partnership between Ripple and a global payments network. However, no concrete evidence, such as screenshots or corroborating posts from Musk or Ripple, has been provided to substantiate these claims. The lack of verification has left the crypto market divided, with some investors viewing this as a potential bullish signal, while others remain skeptical. As of June 2025, XRP's price remains volatile, with traders closely monitoring any developments that could validate or debunk these rumors. The situation underscores the impact of high-profile endorsements—verified or not—on cryptocurrency markets and highlights the need for due diligence in an industry rife with speculation.
Elon Musk's Alleged Endorsement of XRP Sparks Speculation Amid Lack of Verification
Rumors of Elon Musk endorsing Ripple's XRP token have resurfaced, triggering a wave of speculation across crypto communities. An unverified claim by user CryptoGeek on X alleged Musk posted and quickly deleted a message calling XRP "quite promising," alongside assertions of a potential Ripple partnership for global payments. No evidence supports these claims—no screenshots or corroborating posts from Musk or Ripple exist.
Historical context adds fuel to the fire. Similar rumors circulated previously, including a debunked $104 billion investment narrative tied to X's payment infrastructure. Binance Square images purportedly showing Musk with Ripple CEO Brad Garlinghouse further amplified the buzz, with some predicting XRP could reach $600 post-collaboration. Market reactions remain untested, as neither Musk nor Ripple has acknowledged these claims.
Ripple's RLUSD Stablecoin Gains Dubai Approval, XRP Price Eyes 20% Rally
XRP surged 4% to $2.25 following Dubai Financial Services Authority's (DFSA) approval of Ripple USD (RLUSD) stablecoin for use within the Dubai International Financial Centre. The regulatory milestone triggered a technical breakout, with XRP flipping its 200-day EMA at $2.07 into support.
Trading volume spiked to $2.45 billion as the asset formed a descending triangle breakout pattern. Analysts project a near-term target of $2.60 - a 20% upside from current levels. Some bullish forecasts, including Javon Marks' $21 price target, suggest 800% upside potential during this market cycle.
Ripple vs. SEC: Speculation Mounts Over Potential June 13 Settlement
XRP advocate The Real Remi Relief has ignited market chatter with claims of a possible resolution in Ripple's protracted legal battle with the SEC. Her June 13, 2025 settlement prediction—though unconfirmed—sent XRP prices up 4% to $2.25, with bullish projections of breaching its $3.84 all-time high.
Remi's track record, including accurate Doge ETF predictions, lends credibility to her assertions. Yet skepticism persists, with former SEC commissioner Marc Fagel dismissing the claims outright. The market watches closely as XRP holders weigh Remi's advice to accumulate at $2 against regulatory uncertainties.
XRP’s ETF Approval Prospects Surge as Market Confidence Grows
Market Optimism around a potential XRP exchange-traded fund (ETF) has reached unprecedented levels, with Polymarket data suggesting a 90% approval probability. The surge follows regulatory progress and the introduction of CME XRP options in May, signaling institutional readiness.
Investors are positioning for a 2025 launch, betting that XRP’s legal clarity and technical infrastructure will overcome final hurdles. Polymarket reports record-high user confidence, reflecting a broader shift in sentiment toward crypto ETFs.
