Lately, there's been a lot of buzz about Elon Musk possibly adding XRP as a payment option on his platform, X. To get a better understanding of what's going on, let's look at the details surrounding these rumors.
CoinChapter recently covered a potential collaboration between Elon Musk's platform X and Ripple, which sparked rumors about XRP being added as a payment option. However, it's crucial to note that these rumors lack an official basis.
A voice note from an impersonator and some cryptic tweets by Musk fueled speculation about XRP integration on X. But, as sources later confirmed, there are no official plans for this integration.
Despite the buzz around X's rebranding and possible Ripple collaboration, XRP's market price remained stable, indicating skepticism towards these rumors. Usually, Elon Musk's statements significantly impact crypto prices, but in this case, the market's muted response suggests caution in believing these rumors.
At the time of writing, XRP's price is $0.5723, showing a 4.81% decrease over the past 7 days. Its market cap is $32,151,303,946, ranking it 7th among cryptocurrencies.
XRP's 24-hour trading volume has also decreased by 33.09%, reaching $1,090,497,210. Out of the total XRP supply, which is close to 100 billion, the circulating supply is 56,180,094,752 XRP, accounting for 56.18%.
Recently, XRP has experienced market volatility, with a noticeable drop after peaking at around $0.60 on August 25, 2024, as indicated by the chart.
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