Elon Musk, the CEO of Tesla and SpaceX and an influential cryptocurrency personality, had been making sudden and unexpected appearances in the news in mid-2025, which was why he promptly became the focus of a flood of Elon Musk XRP Rumors. The rumor mill went into overdrive that Musk was about to purchase billions of dollars of the Ripple XRP token, or that he had retweeted it without their knowledge. These assertions, propagated by dark web news sources and crypto news aggregator’s went on to trigger price surges and social media hype. However, in the real world, everything indicates that these Musk-XRP stories are unfounded.
Crypto journalists and fact-checkers are all in unanimous agreement that Musk has not officially taken a stand on XRP and there is no evidence that he owns or supports the token. In summary, this entire drama is a prime illustration of fake news in crypto which is driven by clickbait and celebrity-name hype.
This is a composite image that is being disseminated by crypto influencers, it contrasts Elon Musk with XRP coin and price charts in order to be a dramatic representation of the rumor. The fact is that there has been no authoritative credit attached to Musk and XRP.
Musk’s Real Crypto Track Record
In a bid to appreciate the Musk-XRP narrative, it is prudent to remember that Musk has been in the business of crypto. He has publicly been an advocate of Bitcoin and Dogecoin, and not of XRP. As an illustration, at the end of 2021 Tesla bought 1.5 billion Bitcoin and even sold cars with it, but soon changed its mind and returned to environmental policies. Musk also embraced Dogecoin with open arms: he once referred to DOGE as the crypto of the people and even held Twitter polls on whether to accept it by Tesla. In fact, Reuters lists that Musk has repeatedly supported Dogecoin and claimed that it would be a superior choice in transactions, and stated that Tesla made Dogecoin purchases of merchandise. Contrarily, Tesla ceased Bitcoin payments only a few months after launching the service, which highlights the exclusive crypto endorsement of Musk.
Notably, Musk did not never publicly supported Ripple (XRP). He has never tweeted about XRP, or said he had any plans with Ripple or its CEO. Musk has never tweeted about XRP, never publicly endorsed the same. Cryptocurrency fact-checkers emphasize this: Elon Musk is not officially investing in the XRP of Ripple to the tune of $104 billion, there has been no filing or plausible report to the effect that Musk is investing in the XRP, according to different Crypto news. On the same note, the fact-check issued by Binance on a viral message is short and leaves no room to doubt: There is no credible evidence that Elon Musk has been buying XRP in large volumes (50 billion dollars). The statement is a mere rumor that has been made up.
This is supported by the few interactions that Musk had with the XRP community. His sole crypto-related response to the CEO of Ripple was on October 20, 2022, when Brad Garlinghouse complained about the delayed nature of the SEC in issuing documents in the Ripple case. Musk simply replied “No way.”. This was taken not as a promotion of XRP, but as a move by Musk that the actions of the SEC were scandalous. Crypto analysts note that Musk has never been unhappy with Ripple, but rather with regulators: in 2022, he made a notorious statement and referred to SEC officials as bastards. To the point, Dogecoin and Bitcoin are the history of Musk, and there is nothing that a rumor can change.
Origin of the Elon Musk xRP Purchase Rumor
Where then did these rumours originate? They started on social media and on the outskirts of crypto blogs, and were expeditiously propagated by speculative traders and clickbait websites. An initial seed was a since-removed tweet of a Twitter account under the nickname CryptoGeek, saying that Musk had tweeted that day that XRP was looking pretty promising, and then deleted the tweet. But fans posted screenshots (which proved to be fake), XRP Army was buzzing, despite there being no screenshot or archive of such a Musk tweet.
At the same time, a second round of rumors went through in June 2025. On Telegram and Twitter, viral posts stated that Musk would make an unbelievable investment in XRP of $50 billion or $104 billion. Musk would not change to Ripple, others alleged, but some reported that he had leaked contracts or insider sources. Some of them put out false pictures of news stories or Binance posts in which they purported that there was a Musk-Ripple partnership. No evidence, verifiable or not, generally appeared in these stories other than sensational numbers and buzzwords. Indicatively, in one rumor, a nonsense price of 600.37 per XRP in the projected agreement had been mentioned. Factually, XRP has been trading in the range of 2-3USD per share and therefore, the price of 600 would mean an absurd market valuation.
In June of 2025, another speculation tidal wave struck the crypto space: that Musk was going to invest a staggering 104 billion in the XRP of Ripple. The news leaked out like a wildfire but is this news authentic, or is this another manifestation of the rumor mill run riot by crypto? Concisely, such assertions originated on social media and not through an official point of view.
Key Rumors (Debunked):
- Elon Musk will purchase XRP in the amount of 50B at approximately 600 a coin. This is a lie, this was not announced by Musk and XRP did not trade at such levels.
- “Musk deleted a tweet that said: ‘#XRP looks promising’. False, no tweet was documented or tracked down.
- Musk to partner with Ripple (XRP) on X (Twitter) payments. None, Ripple and XRP have never been brought up in the companies of Musk.
- Musk to invest XRP $104B, xAI. Both idea and figure are based on chatter that is yet to be proven.
By mid-2025, #ElonMuskXRP was trending on crypto Twitter, and the leveraged trading volume of XRP shot up. Other traders had taken the rumor and believed that it was going to be easy money. However, there is a warning that this is precisely how price pumps occur: by pumping hype using the names of celebrities.
Debunking the Myths
The news had no time to be fact-checked by reputable crypto media. Major outlets and exchanges indicated the holes that were glaring:
- No official filings or announcements: The companies of Musk (Tesla, SpaceX) are publicly traded and regulated. Any investment of multi-billion-dollar would have to be disclosed or announced by the SEC or press releases. Investigations found none. Ripple Labs did not say anything to support Musk as well.
- No public endorsements: Musk has no history of bullish gushing about XRP on his social media. Actually, crypto analysts observe that Musk has never tweeted about XRP or publicly endorsed the same. Lack of a direct quote from Musk is eloquent.
- Price action doesn’t match: As the real big-money deals are done the market tends to respond instantly. During the time of such rumors, the price of XRP fluctuated only slightly (about 2-3 USD, with insignificant fluctuations). It did not experience the parabolic spike that would be occasioned by a $50-100B investment. This is what Fact-check by Binance highlighted: “The price of XRP has not decreased… It lacked a spike or a rush in the price, which would have followed a legitimate announcement of such magnitude.
- Fabricated “proof”: Photos and screenshots as evidence were frequently edited. As an example, the fact-check by Binance reveals that the source of the rumor about the 50B on X was a deleted CryptoGeek post that did not have substantiation other than hearsay. The other bogus image of news even quoted the CTO or CFO of Ripple with Musk, but those were pulled out of context or made up altogether.
The debunk as put up by Crypto Times was succinctly summarized: There is no such valid information… The 104 billion, specifically, is in itself a hoax and is more likely to have been based on earlier speculations or misunderstood tweets. As a matter of fact, several fact-checks concluded with the same statement: Completely false.
Expert & Official Reactions
The rumors have been refuted implicitly by industry experts and leaders of the companies who remained silent or have issued warnings. Brad Garlinghouse, CEO of Ripple and XRP executives have said nothing in relation to Musk. Regarding his own case of legal conflict with the SEC, in interviews, Garlinghouse has been agitating over regulatory matters, as opposed to any Musk alliance. The Garlinghouse response that elicited a one-word response by Musk was related to the release of an SEC document, which has nothing to do with Musk investing in XRP.
Cryptobrokers are warning. An example of such a person is CryptoQuant Ki Young Ju, who frequently advises against celebrity hype. Former SEC officials have also cautioned many times that people should not trust claims made on social media without verifying their truthfulness. One of the AInvest newsletters stated that rumors about celebrities and huge capital inflows are often unfounded but can nonetheless cause short-term explosive market moves. Viral posts should never be trusted by investors when it comes to major news, as these publications always have official channels, SEC filings, corporate press releases, or interviews.
This story has not been stoked by even Musk himself. Indeed, anytime that XRP has been brought up in his vicinity (such as that 2022 tweet), Musk has batted it away. Following the rumor deleted on Twitter (#XRP promising), Musk did not say anything to prove it. In the meantime his personal Twitter (X) bio states that he is the DogeFather, Twitter Saviour, includes doge memes, and does not mention Ripple or XRP. Essentially, there was no promotion of any XRP story by the staff of Musk, which in PR terms tends to tell a lot.
Why These Rumors Gain Traction
What is the reason behind the spread of such myths in crypto? Several factors contribute:
- Musk’s immense influence: Not many people can shake the crypto markets as much as Elon Musk. Even the smallest show of interest, real or imaginary, on his part, is sufficient to cause a frenzy. Members of the community remember that his open reflections on Bitcoin and Doge coin are legendary. Therefore, by associating the name of Musk with XRP, the story is made viral in nature.
- Crypto fear-of-missing-out (FOMO): Large numbers of XRP investors and traders are interested in a large price drive stimulus. The fear-of-missing-out is triggered by a rumor that the richest man on the planet is sponsoring XRP. This makes individuals spread the rumor without verifying its truth in the hope of being at the front line.
- Celebrity-driven disinfo: Hyped by the celebrity including fake is a time-tested method of building hype in the crypto world. The creators of the content are aware that talking about Musk or the giant dollar will draw attention, and, perhaps, likes or advertisement revenue, thus, they promote such articles in a pushy manner, regardless of whether they are accurate.
- Lack of regulation on social media: The news about cryptos is commonly spread through Twitter/X, Telegram, Discord, and so on. It is a platform with minimal actual supervision and therefore misinformation can flourish. A Coinpaper fact-check itself even reports that rumors about Musk and XRP were recycled with the assistance of social media algorithms and clickbait headlines. You can also check our guide on Coinbase text scam warnings to stay safe from fake crypto messages and misleading claims.
Tips for Crypto Investors
To keep up with these scams, do the following:
- Verify sources: Check whether a reliable news source, or the official website of a company, has covered the story. When it is only discussed in fringe accounts, then be suspicious.
- Look for evidence: If it was really an investment of this size, it will leave behind a trail of evidence in the form of SEC filings, interviews, or official announcements. In the case that they don’t exist, take the claim with a grain of salt.
- Watch market reactions: A valid big announcement normally produces an apparent market reaction. At the time the rumors about the Musk XRP price started appearing, the experienced traders reported that the price action remained subdued or even suppressed by corrections, which would not be the case in the case of a massive announcement.
- Beware “too good to be true” posts: XRP to $600, Musk “buying 5 percent of all XRP” etc. are warning bells. Another indicator that the rumor was fabricated is that the value of 600/XRP was wildly unrealistic, according to the fact-check placed by Binance.
The Real Story: No Musk, Still XRP
As a matter of fact, there is nothing about Musk that has altered the fundamentals of XRP. Ripple has its own roadmap: focusing on regulatory clarity, its current legal fights and technology alliances, the growth of its On-Demand Liquidity offering, and finding applications in remittances. Whatever Musk might say about XRP in the future, the token will be valued based on those fundamental developments and not viral tweets and rumors.
It is not the first occasion that the name of Musk has been dragged into the crypto gossip. According to one authority, since 2020, there have been repeated fake news reports that Elon Musk supported or was going to purchase XRP. It is history to assume that we need to read these tales as entertainment rather than investment advice.
As the Coinpaper conclusion rightly states, the Elon Musk XRP Rumors is the textbook case of what happens when rumors, hype, and Twitter collide in crypto. It was great copy to have crypto as the subject of the rumor mill, and in fact, it was another fake that the rumor mill was making.
Bottom line: Musk has never expressed that he is interested in XRP, and all the biggest rumors to this effect have been denied by reputable sources. Investors are supposed to remain cautious. Skepticism of viral crypto stories, particularly those that feature bigger-than-life personalities associated with their communication and financial filings, should be checked prior to belief. It will be possible to avoid unnecessary panic or exuberance in the market by basing norms on facts instead of hype.
