XRP to $500? Rumors of Elon Musk X adopting $XRP sparked speculation about massive demand

The X Money payment system, announced by Twitter (, has sparked significant speculation in the cryptocurrency community. A tweet from cryptocurrency researcher Xaif )@Xaif_03( suggests that X could adopt XRP as a payment method, potentially driving substantial demand and even causing its price to skyrocket to 500 dollars. While this statement is intriguing for XRP supporters, it remains merely speculation, as no official confirmation has been provided by Elon Musk or the X group.

X Money: A step towards “Everything App” A recent report by Fox Business highlighted X’s ambition to become a “super app,” expanding beyond social media to financial services. The report quoted a post by X’s CEO Linda Yaccarino, stating that X Money will “connect you in ways you never thought possible,” along with other upcoming features of X such as XTV and Grok. In addition, an official X Money account has been created in 2024 and has amassed more than 190,000 followers. This development signals an increased focus on payments within the X ecosystem. However, Musk has yet to comment publicly on the initiative, leaving many details—including the possibility of integrating cryptocurrencies—uncertain. The role of XRP: Speculation versus reality The integration of XRP into X Money has been widely debated. Some cryptocurrency analysts believe that Musk’s vision of a financial ecosystem in X aligns with XRP’s ability for fast transactions and low fees. With Musk’s clear track record with digital assets, including Bitcoin and Dogecoin, there is speculation that XRP could play a role in his payment system. Steve Griffith, an X user who commented on the situation, pointed out that X has “secured money transmitter licenses across multiple US states”, showing a strong commitment to financial infrastructure. He noted that payments and remittances are a key component of X’s broader vision, but he also acknowledged that the specific currencies and technologies that will be used remain unclear. On the other hand, skepticism remains among some members of the crypto community. Another X user, Arthur Klucznik, dismissed this speculation, claiming that, “He hasn’t launched anything yet, and when it finally comes out, XRP won’t play a role in it.” This reflects a cautious approach from those who believe that while X’s payment ambitions are real, then XRP’s role in it has yet to be verified. Introducing X Money is a significant step in Musk’s broader vision of transforming X into a comprehensive platform. While speculations about integrating XRP continue to spread, there is currently no official confirmation that this digital asset will play a role in X’s payment system. Investors and cryptocurrency enthusiasts may continue to closely monitor the developments of X. Until Musk or the leadership of X discloses specific details, discussions about the potential participation of XRP remain speculative. The coming months may provide further clarity as X moves closer to launching its own financial services.