•Rationale: Musk’s announcement would likely trigger FOMO-driven buying, similar to Dogecoin’s 2021 rally (peaked at $0.74 after Musk’s tweets). XRP’s current price (~$0.57) could 3-5x due to hype, X’s user base, and media coverage. Historical highs ($3.84 in 2018) provide a psychological target.
Example: An #X post claiming XRP would hit $2.50 on a $104B Musk-Ripple deal (unverified) fueled brief 15% gains, suggesting a real announcement could push higher.
•Rationale Sustained growth would depend on actual XRP usage in X Payments (e.g., for remittances or microtransactions). If 10% of X’s active users (~100M) adopt XRP-based payments, demand could push prices toward $5, assuming supply constraints and institutional interest (e.g., banks using RippleNet). Ripple’s $1T DeFi volume capacity supports scalability.
•Risk: Profit-taking or regulatory pushback could cap gains.
If X Payments becomes a global financial hub (akin to WeChat Pay) and XRP is a core component, sustained adoption could drive prices higher. For context, if XRP captures 5% of the $800B remittance market, its market cap could approach $280B (from $32B today), implying $5/token. Speculative “moon” scenarios (e.g., $100, as claimed in some X posts) are unlikely without unprecedented global adoption or supply burns.
•Comparison
Dogecoin’s $0.74 peak in 2021 came with less utility than XRP, suggesting XRP could outperform with real use cases.
•Risks and Counterpoints
Musk’s Preference for Dogecoin: Musk’s history with Dogecoin (accepted by Tesla) and Bitcoin (on Tesla’s balance sheet) suggests he might prioritize them over XRP. X posts from 2024 show community bias toward Dogecoin, which could limit XRP.
is it possible for XRP to be adopted by Musk for Xpay ?? I asked the AI and seems that XRP is the best Option. if yes the price would go to 500$+ ... #XRP #XPAY #X #ElonMuskTalks