Tesla CEO Elon Musk has repeatedly demonstrated his ability to influence cryptocurrency markets, particularly through his long-running involvement with Dogecoin. A single comment from Musk has often been enough to drive sharp price movements in DOGE, making him one of the most influential voices in the crypto 0 raises an important question: what might happen if Musk were to apply the same level of attention to XRP? The Dogecoin Effect Dogecoin’s history shows the outsized role Musk has played in its 1 first public reference to the token came in April 2019, after which its price nearly doubled within three 2 tweets often produced immediate rallies, with several examples standing 3 December 2020, a short statement from Musk was enough to push DOGE up 20% in a matter of 4 February 2021, when he referred to it as the “people’s crypto,” the coin gained more than 40% 5 peak of his influence came during the spring of 2021, when a tweet suggesting Dogecoin was “barking at the moon” coincided with the token’s surge to its record high of $0.73, representing gains of over 12,000% compared to its price at the start of that year.
Musk’s influence extended beyond social media 6 January 2022, he announced that Tesla would accept Dogecoin for merchandise, driving another immediate price increase. A year later, in March 2023, his decision to briefly change Twitter’s logo to the Dogecoin mascot sent the coin up by 30% within 7 more recently, his involvement in the Department of Government Efficiency (DOGE) initiative in 2024 and its launch in early 2025 gave the coin renewed attention, although the momentum did not last 8 the same period, XRP has moved much more 9 April 2019, XRP was priced around $0.30. Today, it trades near $3.00, a 920% 10 , in comparison, has jumped from about $0.004 to nearly $0.22, a gain of over 5,700%.
We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 What If Musk Promoted XRP? Unlike with Dogecoin, Musk has never directly commented on XRP. However, if he were to begin actively promoting it, the market response could be 11 explore this possibility, Google’s Gemini chatbot was asked to calculate potential 12 suggested that if XRP experienced the same percentage increase as Dogecoin during its Musk-fueled rallies, the token could theoretically rise from $3.00 to approximately $175.92. However, Gemini stressed that the figure is hypothetical and should not be treated as a 13 prices are influenced by multiple variables, including regulatory decisions, institutional adoption, and overall market 14 XRP in particular, one key factor has been the resolution of Ripple’s legal battle with the 15 and Exchange Commission, which has provided greater regulatory clarity for the 16 clarity may encourage banks and payment providers to expand their use of XRP in cross-border settlements , strengthening its role as a utility-driven 17 with broader market dynamics, such as potential rallies in Bitcoin and Ethereum that typically lift other altcoins, XRP could see stronger growth regardless of Musk’s 18 Musk’s influence on Dogecoin is undeniable, applying the same trajectory to XRP is highly 19 so, if he were to shift attention toward XRP, the token would likely benefit from increased exposure and retail 20 combined with its established role in payment systems and improving regulatory position, such a scenario could significantly enhance its market 21 us on X , Facebook , Telegram , and Google News
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