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Elon Musk may rewrite the fate of XRP, will the cryptocurrency world face a huge change?

$XRP

Elon Musk, the head of Tesla and SpaceX, recently talked about cryptocurrencies, including XRP, at a town hall meeting in Pittsburgh. When asked if the XRP Ledger would eventually integrate with financial institutions, Musk said, "I find cryptocurrencies quite interesting; they might be an effective means of countering centralized control." He also clarified that his statement was neither a support for XRP nor a rejection.

Musk also criticized the U.S. Securities and Exchange Commission (SEC), calling it a "politicized tool." Ripple's CEO Brad Garlinghouse and Chief Technology Officer David Schwartz both agree with Musk's viewpoint.

With this news, everyone started speculating whether Musk is looking to get involved with XRP and Ripple Labs. There are rumors that he wants to spend $25 billion to buy Ripple Labs, and he holds about 16.783 million XRP. However, neither side has officially responded to this matter.

It's worth reminding everyone that while Musk's comments and these rumors have excited XRP holders, the cryptocurrency market is still extremely volatile. Everyone should be cautious and do more research before making decisions.

💬 What do you think? Do you believe Musk can bring the next wave of growth to XRP? Come and share your thoughts in the comments!

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