Why Elon Musk's Latest X Reveal Triggers Bullish Sentiment for XRP

Elon Musk shared an important X update on the website's new development, which has created a bullish sentiment around XRP.

Musk's post caught the attention of the XRP and DOGE communities, generating enthusiasm and excitement. According to Musk, all core systems ultimately reside on the X.com domain.

Following the announcement, many users responded positively to the news, asking their own follow-up questions. The most prominent question is the status of allowing DOGE payments on the platform. Musk is a strong supporter of cryptocurrencies, especially Dogecoin. He previously shared that he plans to add the currency to X as a payment method.

Elon Musk's support for dogecoin often translates into bullish momentum for cryptocurrencies like DOGE and XRP. As for XRP in particular, the asset is up 3% this week and is looking for any stimulus to generate upward momentum.

Ripple's token is about to spike, with many price predictions on the upside. Holders are optimistic that an event such as the positive outcome in the Ripple v. SEC or Musk adding DOGE to X as a payment method will cause a boom.

At the time of writing, XRP is trading at $0.5233. Rising price predictions surrounding Bitcoin are also raising hopes that Ripple's token will continue to grow.

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