Elon Musk recently acknowledged XRP, marking the first time he has mentioned the digital asset. Although his comments drew attention across the crypto market, Musk made it clear that this should not be seen as an endorsement or rejection of XRP.
Musk’s involvement in the crypto space has often sparked significant market reactions, and his latest mention of XRP was no exception. During a discussion on digital assets and blockchain, he was asked about the potential integration of XRP into the global financial system. While Musk did not directly address XRP, he expressed that cryptocurrencies, in general, serve as a valuable counterbalance to centralized control, emphasizing their role in promoting individual freedom.
Despite his neutral stance, the indirect mention of XRP has generated optimism among its investors, especially amid the ongoing regulatory disputes between Ripple Labs and the SEC. Speculation has risen within the community regarding whether Musk’s comments could positively influence XRP’s price and adoption.
Over the past 24 hours, XRP has seen a 2.5% increase, trading at $0.5529, with its daily trading volume surging by 81% to $1 billion, according to CMC data. Additionally, Santiment reported a rise in activity on the XRP Ledger, with 35,799 unique wallets making at least one transaction per day, reflecting growing engagement.
