Elon Musk Stays Neutral on XRP, Crypto Market Surges

At a recent rally in Pennsylvania, Elon Musk took a neutral stance on XRP when asked about its future, neither endorsing nor criticizing the altcoin. Despite this neutrality, his comments sparked excitement in the crypto market, with Ethereum gaining 4%.

Meanwhile, Ripple continues advancing XRP Ledger adoption, launching Ripple Custody to streamline settlements for banks. XRP Ledger activity is surging, with active wallets hitting a three-month high. Ripple's CEO also hinted that a potential IPO could happen within 12 months, depending on the U.S. elections.

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