XRP News Today: Elon Musk XRP Investment Rumors Debunked Despite $104 Billion Speculation

In June 2025, rumors circulated widely that Elon Musk, the CEO of Tesla and SpaceX, was planning to invest a staggering $104 billion into Ripple’s XRP token. This speculation sparked intense debate and significant price volatility for XRP, as retail traders speculated on the potential impact of Musk’s involvement.

The rumors began when several social media influencers and news outlets started circulating headlines alleging that Musk intended to acquire a massive XRP position. Some posts cited supposed “insider information” or claimed leaked documents hinted at Musk’s plans to integrate XRP into Tesla’s or X’s (formerly Twitter) payment infrastructure. These allegations quickly gained traction, amplified by viral tweets and algorithm-driven content feeds.

However, reputable industry sources have since debunked the claims, revealing no evidence to support them. Leading crypto outlets confirmed that there is no evidence of any Musk investment or endorsement of Ripple’s token. Reputable publications, including Crypto Times and CoinDesk, moved quickly to investigate the viral claims. After a thorough review, no SEC filings, official press releases, or credible financial disclosures were found indicating any Musk investment in XRP. Furthermore, Musk has not publicly endorsed Ripple or XRP in any recent statements or posts on X.

Experts suggest the eye-catching $104 billion figure likely originated from recycled rumors or misinterpreted social media commentary dating back to speculative discussions around Musk’s crypto interests in 2021-2022. These types of unfounded stories often go viral in the cryptocurrency space due to the influence of celebrity names and a lack of reliable information. Crypto analyst David Lawant noted that rumors connecting Musk to XRP are not new: “Since 2020, there have been repeated false claims about Elon Musk endorsing or planning to buy XRP. These stories tend to re-emerge during periods of market uncertainty or when XRP shows significant price movement.”

This incident highlights the need for investors to remain cautious and seek credible sources before acting on viral crypto news. As industry veterans note, rumors involving celebrities and large capital inflows often prove baseless but can still drive dramatic short-term market reactions. Investors are urged to verify claims through primary sources such as regulatory filings, company announcements, or established news organizations.

Experts caution investors to verify information carefully, as celebrity-linked rumors frequently resurface in crypto markets. The cryptocurrency community has been abuzz with rumors that Elon Musk's xAI has invested $100 billion in XRP, a digital asset that has been gaining traction in recent months. The speculation has been fueled by the fact that Musk's xAI recently completed a $10 billion debt raise to expand its AI operations. This has led to a flurry of activity within the XRP community, with many investors and analysts closely monitoring the situation.

The idea that companies are buying and holding XRP is gaining traction, and the rumor of Musk's investment has added fuel to the fire. XRP has tested the $2.31–$2.32 zone three times, and a breakout could set the stage for a run toward $3 and beyond. This has led to a sense of optimism within the XRP community, with many investors hoping that the rumors are true and that Musk's investment will drive the price of XRP even higher. However, it is important to note that there is no concrete evidence to support the rumors of Musk's investment in XRP. While the idea that companies are buying and holding XRP is gaining traction, it is still unclear whether this is actually happening. The fact that such rumors gain traction so quickly speaks to how invested the XRP community remains, and how much they are hoping for a major catalyst to drive the price of XRP higher.