XRP Could Be Elon Musk’s Top Pick for X Money Platform

XRP is again under the spotlight as speculation grows over Elon Musk’s potential favor toward the cryptocurrency for his upcoming payments platform, X Money. Amid a growing dispute between Musk and former President Donald Trump, members of the XRP community see potential opportunities for XRP to rise above its competitors.

In a recent post, Joshua Dalton, founder of TRIBLU, claimed that Elon Musk “will do anything” to ensure XRP becomes the dominant digital currency in the X ecosystem. Dalton suggested this move could become more likely as the Trump-backed crypto enterprise, World Liberty Financial, grapples with uncertainty.

World Liberty Financial has made significant investments in Bitcoin (BTC), but its future appears shaky amidst political and financial tensions. Dalton’s bold assertion ties XRP’s rise to the potential unraveling of Trump’s Bitcoin-centric financial initiatives, setting the stage for a potential crypto shakeup.

The tweet, which directly mentioned Ripple, Elon Musk, Donald Trump, and his sons Eric and Donald Jr., added drama to an already volatile backdrop of competition and rivalry within the cryptocurrency world.

Political Fallout Spills into Cryptocurrency

Historically, the Trump family has actively promoted Bitcoin ventures, such as their partnership with mining company Hut8. However, their support for XRP has been minimal at best. A turning point came recently when Musk criticized Trump’s June 4 spending bill on social media, warning that it could endanger the U.S. economy. In retaliation, Trump threatened to strip Musk of federal subsidies and contracts, triggering turbulence across traditional and crypto markets.

The aftermath was swift. Tesla’s valuation took a major hit, losing around $150 billion in market capitalization. The crypto sector mirrored this collapse as Bitcoin’s value plummeted by over 6%, reaching a temporary low of $100,400 before stabilizing at around $102,000. XRP experienced losses as well, but XRP advocates like Dalton view this as a possible long-term opportunity for the token as investors look for stability and scalability.

Is XRP the Ideal Fit for Musk’s Vision?

Dalton’s belief that Musk might pivot toward XRP largely stems from Musk’s earlier criticisms of Bitcoin. Concerns over Bitcoin’s environmental impact and heavy reliance on centralized mining entities led Musk to revoke BTC as a payment method for Tesla’s vehicles back in 2021. Those criticisms remain relevant as debates surrounding sustainable blockchain technologies continue.

On the other hand, XRP presents a more compelling technical profile, particularly for a fintech ecosystem like X Money. The XRP Ledger is known for its rapid transaction speeds, minimal costs, and reliable cross-border payment infrastructure. These strengths align well with X Money’s purported aim to become a universal payments solution, or an “everything app.”

While Musk has consistently shown a liking for Dogecoin, enthusiasm in the XRP community is building around the cryptocurrency’s broader utility. Many long-term XRP supporters argue that, despite Dogecoin’s popularity, XRP offers a more substantial framework for serious financial innovation.

Musk’s XRP Mentions Stir Speculation

In October 2024, speculation around Musk and XRP intensified when he referenced XRP publicly for the first time during a widely viewed Crypto Twitter video. Responding to questions about XRP’s global financial utility amid ongoing scrutiny by the U.S. Securities and Exchange Commission, Musk acknowledged that cryptocurrencies such as XRP could play a role in combating centralized financial systems and enhancing personal liberty. Still, he was careful to state that his comments did not constitute an endorsement.

Despite his measured stance, Musk’s willingness to mention XRP publicly set off a wave of bullish sentiment among XRP holders and analysts. Combined with his current friction with the Trump-led Bitcoin advocacy, the timing seems ripe for Musk to explore alternatives to BTC—potentially paving a path directly to XRP integration.

Related: Expert Advice: Sell XRP If You’re Confused

As the rivalry between Musk and Trump spills further into the financial world, many believe that XRP could come out ahead. For now, all eyes are on Musk’s next move—and whether XRP will be at the heart of the X Money initiative.