#XRP The claim that Elon Musk plans to buy $50 billion worth of Ripple's XRP cryptocurrency appears to be baseless and lacks credible evidence. Here's a breakdown ¹ ² ³:

- *Origin of the Rumor*: The rumor started from a viral post by a user named "CryptoGeek" on X (formerly Twitter), suggesting Musk would acquire XRP at $600.37 per coin. However, there's no archived tweet or official statement from Musk or his team to verify this claim.

- *Lack of Official Confirmation*: Neither Musk nor his affiliated companies have made any official offer to purchase XRP. Musk has shown interest in Dogecoin in the past, but there's no public indication of his interest in XRP.

- *XRP's Market Status*: XRP's price has remained relatively stable, trading at around $2.14, with a slight decline of approximately 0.02% from the previous close. The lack of significant price movement suggests investors have disregarded the rumor due to its lack of credible support.

- *Investor Caution*: Investors are advised to remain cautious and avoid making decisions based on unverified social media claims. It's essential to rely on credible information and factual sources when navigating the volatile cryptocurrency market.

In summary, without concrete evidence or official confirmation, the claim about Elon Musk's $50 billion XRP purchase remains a rumor.