Elon Musk Directly Mentions XRP for the First Time

In a viral video circulating on Twitter Crypto, Musk mentioned the seventh-largest cryptocurrency by market capitalization. In the video, the owner of X was asked to comment on whether he believes XRP could be integrated into the global financial system in the future, particularly in light of the SEC's punitive stance towards cryptocurrencies.

In response, Musk shared a general view on the role of cryptocurrencies, including XRP, emphasizing that they serve as valuable assets against centralized control. However, he specifically noted that his comment was "not an endorsement or disapproval of XRP." Nonetheless, he believes that the nature of cryptocurrencies like XRP supports individual freedom.

This marks the first time Musk has publicly commented on XRP in his speech. It's worth noting that members of the XRP community have drawn Musk's attention to the asset through interactions on the social network X, seeking his endorsement.

Although he did not mention XRP directly, Musk has reacted to certain events related to Ripple. In October 2022, he expressed shock over the news that the SEC published drafts of the infamous William Hinman speech on Ethereum for Ripple. Reacting to the event, the businessman tweeted, "No way." Months later, Musk also endorsed a podcast about Ripple's partial victory over the securities regulator.

However, the American billionaire has refrained from mentioning XRP directly in any of his X posts. Musk's loyalty lies with the world's largest meme coin, Dogecoin (DOGE). He has publicly supported DOGE in several tweets, especially during the 2020/2021 bull market.

His support for DOGE contributed to the token reaching an all-time high in 2021. Despite being a Dogecoin enthusiast, he has mentioned Bitcoin (BTC) and Ethereum (ETH) on certain occasions, and for the first time directly mentioned XRP in a comment today.