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A deep dive into viral claims, community reactions, and what Musk’s real crypto stance means for XRP holders.

Discover the latest news and insights on the world of cryptocurrency with Coinpaper.com. Stay up-to-date on the latest trends and developments in the crypto space.

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Did Elon Musk Really Invest $104B in XRP? The Truth Unveiled. Source: Shutterstock

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Did Elon Musk Really Invest $104B in XRP? The Truth Unveiled

Market Cap XRP Dominance. Source: TradingView

Market Cap Dominance: Bitcoin and Ethereum. Source: TradingView

As XRP’s market share rises, analysts debate if Ripple can challenge Ethereum's long-standing crypto supremacy.

Get the latest news and updates on Ripple (XRP), including in-depth analysis, price predictions, and market trends. Stay informed about major developments in the Ripple ecosystem, partnerships, regulatory changes, and technological advancements that impact XRP. Our comprehensive coverage helps you stay ahead of the market, understand the factors affecting XRP’s value, and make informed decisions. 

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XRP Dominance Surges: Can Ripple Outshine Ethereum? Source: Shutterstock

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XRP Dominance Surges: Can Ripple Outshine Ethereum?

The XRP community is abuzz as Ripple CEO Brad Garlinghouse prepares to testify before the U.S. Senate Banking Committee on July 9, 2025, at a pivotal hearing titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets.”

Ripple CEO Prepares for Senate Showdown: XRP Buzz

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Ripple CEO Prepares for Senate Showdown: XRP Community Buzzes Over Crypto Clarity Push

On-chain data and expert analysis point to rising investor demand and bullish momentum, with Bitcoin eyeing new highs and targets up to $150,000.

On-chain Metrics Indicate Potential for Further Bitcoin Rally. Source: Shutterstock

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On-chain Metrics Indicate Potential for Further Bitcoin Rally

Official Trump TRUMP Price. Source: CoinGecko

Justin Sun strengthens ties with the TRUMP token, making a $100 million purchase as TRON and TRUMP deepen collaboration in the evolving crypto landscape.

Justin Sun Purchases $100 Million Worth of TRUMP Tokens. Source: Shutterstock

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Justin Sun Purchases $100 Million Worth of TRUMP Tokens

GMX suffers a $42 million hack, halts key services, and reassures users as swift action contains the breach and limits impact to its V1 platform.

Hacker Returns $40 Million Stolen to GMX. Source: Shutterstock

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Hacker Returns $40 Million Stolen to GMX

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Security

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On July 11, Bitcoin breached the $118,000 mark. This growth occurred amid active buying by long-term investors. According to CryptoQuant, the balance of "accumulators" reached an annual maximum of 248,000 BTC.

The figure has increased by 71% since June 22.

Such strong demand was last seen on December 20, 2025. At that time, Bitcoin traded at $97,000, and the number of coins held at holders' addresses reached a record 278,000 BTC.

Demand is recovering from a dip in the fourth quarter of 2024. Although net interest remains negative, it is growing rapidly, indicating that buyers are strengthening their positions.

Analyst Axel Adler Jr. believes that the first point for profit-taking will come at a price of $130,900.

The MVRV ratio must reach 2.75 to begin distribution. The expert compared the market capitalization to the realized capitalization.

Glassnode noted a $4.4 billion increase in realized capitalization while crossing $113,000.

This shows active investor trades rather than speculative growth, analysts said.

Milk Road co-founder Kyle Reidhead has set a $150,000 target for Bitcoin. The expert sees a bullish cup-and-handle formation that formed in June.

Reidhead is confident of further gains for the asset after it returns to $112,000.

The chief analyst of Bitget Research, Ryan Lee, shares the same forecast, provided that the current trend and inflows of institutional capital are maintained. In a commentary to ForkLog, the expert said that several factors are influencing the strengthening of Bitcoin:

All this creates conditions for a continuation of the bullish trend as early as the start of the third quarter.

As Lee noted, growth above $117,000 is an important signal for the market and can only be an intermediate stop before a new spurt. The average projected price of Bitcoin in the coming months is $125,000, with an expected trading range of $105,000 to $150,000.

The $108,500 (support) and $130,000 (resistance) levels remain important technical benchmarks. According to Lee, consolidation above $130,000 will open the way to a new phase of growth.

At the same time, the expert recalled a characteristic feature of the crypto market—high volatility:

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 announced the purchase of $100 million worth of the meme coin TRUMP.

On July 7, the DAO behind the development of TRON announced the migration of TRUMP to the network. At $8.89 when the announcement was published, the token rose by 2.7%.

In May 2025, Justin Sun attended a gala dinner hosted by U.S. President Donald Trump for top holders of the TRUMP token. On the eve of the event, the TRON founder stated he owns nearly $19 million worth of the meme token—more than anyone else, according to CNBC.

Strengthening the Bond Between TRON and TRUMP

Mutual support between the two projects has developed gradually over time. In November 2024, weeks after Trump's election, Sun announced a $30 million investment in World Liberty Financial (WLF).

Following Sun’s appointment as an advisor to WLF, he increased his investment in the WLFI token to $75 million. In January 2025, World Liberty Financial added $4.7 million to TRON's investment portfolio, according to the Arkham Report.

In 2023, the SEC filed charges against Sun and three of his companies, including TRON Foundation Limited, for an unregistered offering of securities in the form of TRON (TRX) and BitTorrent (BTT) tokens.

In February, Sun and the SEC filed a motion with the court to stay the litigation to seek a dismissal of the case. Since Trump's ascension to the White House, regulators have stopped pursuing a number of cryptocurrency companies, including Coinbase, Robinhood, Ripple, Kraken, ConsenSys, Cumberland, Nova Labs, and Uniswap.

In April, in a rebuttal to the agency's lawsuit, Sun stated that the SEC lacks authority to regulate the sale of foreign digital assets to overseas investors on global platforms outside the U.S.

The Commission attributed its right to legally prosecute TRON's founder to the fact that he was a frequent visitor to the U.S.

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The decentralized exchange (DEX) GMX has suffered a hacker attack, resulting in approximately $42 million in digital asset losses. The incident drew swift attention from the crypto community, with a researcher known as DeFi Cheetah among the first to notice the suspicious outflow of funds.

According to on-chain data, at the time of reporting, the hacker was transferring assets from the L2 Arbitrum solution to Ethereum. The attacker had already exchanged some USDC stablecoins for DAI. The compromised wallet also held various digital assets, including wBTC, ETH, wETH, UNI, and LINK. Assets in the hacker's wallet were tracked and reported by DeBank.

GMX representatives confirmed the breach, stating that the GLP coin pool on GMX V1 in the Arbitrum network was targeted. In response, the platform took decisive action:

Platform representatives emphasized that the vulnerability did not affect GMX V2, its markets, liquidity pools, or the GMX native token, reassuring users about the safety of other assets and services.

Following the attack, GMX's exchange rate dropped by 17%, falling from $15 to $11.40, according to CoinGecko. This sharp decline reflected both the immediate impact of the exploit and the broader market's sensitivity to security incidents in DeFi.

This incident underscores the importance of rapid detection and transparent communication in the DeFi sector. GMX’s immediate response—disabling affected services and clarifying the scope of the vulnerability—helped contain the fallout and reassure users. The episode also highlights the ongoing challenges of securing cross-chain assets and the need for robust risk management in decentralized protocols.

As the DeFi ecosystem matures, such events serve as critical reminders for both users and developers to prioritize security, monitor on-chain activity, and maintain open channels of communication during crises.

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In the world of crypto, few names generate as much interest—or confusion—as 

. Tesla and SpaceX CEO Musk's Twitter posts have notoriously sent cryptocurrencies soaring or crashing, and his public musings about Bitcoin and Dogecoin are the stuff of legend. 

But in June of 2025, a new wave of speculation washed over the crypto space: that Musk would be investing a whopping $104 billion into Ripple's XRP. The news spread like wildfire, causing people to discuss it, causing prices to fluctuate, and creating a flurry of social media posts.

But is this rumor genuine, or is this yet another example of crypto's rumor mill gone wild?

The latest craziness began when certain crypto news aggregators and social handles started sharing headlines asserting Elon Musk wasn't just interested in XRP, but was going to invest a mind-boggling $104 billion in the token. 

Others even cited "insider sources" or stated leaked documents suggested Musk's intention to use XRP as the basis for his payment strategies on X (formerly Twitter) or Tesla.

Musk rumors are discredited fact-checked by reputable crypto news outlets shortly after. There is no such valid information, Crypto Times says, that Musk plans or has invested in XRP. The $104 billion, in particular, appears to be a hoax, most likely stemming from previous speculations or misinterpreted tweets.

Elon Musk's influence on crypto markets is the stuff of legend. His tweets about Bitcoin's energy usage, to mention just one example, have wiped out billions in market cap overnight. His fondness for Dogecoin turned a meme coin mainstream. So when rumor associates Musk with a new token or initiative, traders and bots react instinctively, sometimes before verifying the information.

The XRP rumour was not unique. Within hours, #ElonMuskXRP was trending on Twitter, and leveraged trading volume exploded. Some XRP traders were celebrating, while others insisted on a normal "buy the rumor, sell the news."

: No SEC filing, company press release, or credible source confirms any Musk investment in XRP.

: Elon Musk has never tweeted about XRP, nor has he publicly endorsed Ripple or its token anywhere in recent history.

: The $104B figure also appears to be recycled rumor fuel, promoted by social media algorithms and clickbait headlines.

Crypto Times and other mainstream publications enhance the importance of skepticism and research, especially when rumors involve celebrity figures like Musk.

Why XRP Still Matters—With or Without Musk

Despite the false rumor, XRP remains one of the most widely traded cryptocurrencies on the planet. Ripple's aggressive expansion to grow its On-Demand Liquidity network, achieve regulatory clarity, and work with banks maintains real-world adoption momentum. The Musk rumor, as false as it may be, did serve to highlight just how quickly sentiment can shift—and just how much attention XRP continues to attract.

The Elon Musk-XRP saga is the ultimate text book demonstration of what happens when rumors, hype, and Twitter converge in crypto. While the idea of a $104 billion investment was great copy, reality—the way it so often does in crypto—was much less dramatic. For investors and hobbyists alike, the lesson is straightforward: make sure to check your facts before you FOMO, and let's face it here, the world of digital assets is one where not everything that's trending is real.

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For over a decade, Bitcoin has reigned supreme as the cryptocurrency king, its dominance the benchmark of the entire industry. But as the year 2025 unfolds, there is now a new entrant in the scene: 

. The digital currency, previously associated with Ripple's cross-border payment schemes, is now observing its share of the entire crypto market capitalization—its "dominance"—growing at a pace not seen since its peak year of 2017. 

This is fueling a new wave of discussion: Is XRP's dominance temporary, or does it signal a fundamental change in the crypto landscape?

What Is XRP Dominance and Why Does It Matter?

XRP dominance refers to the proportion of the total cryptocurrency market capitalization owned by XRP. Though this sounds like just another data point, it's actually a very telling metric of investor attitude, capital shifting, and even the health of the broader altcoin universe. 

As XRP dominance rises, more capital is flowing into XRP than into other assets—typically at the expense of Ethereum. This can mean anything from growing faith in the technology of Ripple to a wholesale appetite for altcoins.

The recent surge in XRP dominance has not gone unnoticed. Cointelegraph and other publications have stated that abrupt changes in XRP's market dominance have happened simultaneously with high-level liquidations of Bitcoin and other altcoins, suggesting that capital is indeed rotating into XRP as investors seek new frontiers.

What's fueling this new energy, then? The answer lies in the convergence of regulatory clarity, real-world adoption, and shifting trader psychology.

Ripple's partial victories in its prolonged court battle with the U.S. Securities and Exchange Commission have removed a cloud of uncertainty hanging over XRP for years. With the danger of being ruled a security receding, institutional and retail investors alike are once again flocking to the asset, encouraged by the potential for further regulatory wins.

Meanwhile, Ripple's On-Demand Liquidity (ODL) offering is taking hold. Remittance companies and banks in Asia, Europe, and the Americas are discovering increasingly sophisticated applications for XRP to move money across borders in seconds, rather than days. Each new partnership or corridor opening is a vote of confidence in XRP use—and a potential catalyst for further price appreciation and market share gain.

Meanwhile, as volatility fades and Bitcoin price consolidates, yield-hungry investors are moving into altcoins, with XRP often leading the charge. This kind of "altcoin season" has been a standard characteristic of crypto cycles, but the extent of XRP's present dominance wave is generating particular attention.

As XRP's dominance increases, the shockwaves permeate the entire crypto landscape. Bitcoin, crypocurrency safe haven, is seeing its leveraged positions de-levered as speculators take the momentum pursuit in XRP. This has triggered a cascade of liquidations with some analysts noting that for every percentage point XRP rises, it moves billions of dollars around the market.

Altcoins are not immune either. A rising tide of XRP has the tendency to buoy other large-cap tokens, leading speculation that an even greater altcoin season exists. But it can also mean that capital is moving toward fewer assets and making smaller tokens compete for attention.

Crypto market sentiment is unreliable, and the narrative on XRP is shifting. What was once a "dead coin" to some investors is now in fashion as a come-back story—proof that regulatory clarity and use case continue to be important in a market that at times is hype-driven.

Cryptocurrency analysts are still divided regarding what the increased dominance of XRP means:

: Others believe that Ripple's increasing partnerships and regulatory clarity could cement XRP as an institutional core holding, driving sustained supremacy.

: Others take the view that dominance spikes tend to be fleeting, driven by trend following sentiment and news cycles, and that Bitcoin's first-mover remains unchallenged.

For those watching the charts, the next few months will be telling. Will XRP's supremacy continue its upward march, or will the market revert to normal? Investors must keep a close eye on trading volume and on-chain activity, hoping to catch a glimpse of proof that fresh capital is entering XRP for the long haul—not just getting a speculative jump.

Regulatory progress is also a wild card. A grand slam by Ripple in the courts, or some surprise partnership with an overseas bank, could shoot dominance higher still. But any setback or negative headline can trigger a sudden reversal as investors rush to take profits.

It's not hard to remember that cycles of crypto dominance are ludicrously unpredictable. What climbs can crash equally as quickly. Dominance highs, especially those driven by speculative demand, usually lead to sudden corrections. And even though there has been regulatory clarity for XRP, circumstances could shift in a single night with one announcement or enforcement action.

XRP's growing dominance in 2025 is more than a technical metric—it's a gauge of shifting market mood, shifting regulation, and the ever-present battle for crypto supremacy. Whether this marks the beginning of something new or just another installment in crypto's rollercoaster saga remains to be witnessed. 

For now, XRP is basking in the spotlight, and the globe waits to see whether Ripple's wave is indeed powerful enough to overshadow Bitcoin in the next few months.

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This marks a pivotal moment in the fight for regulatory clarity, something the XRP community has sought for years.

Garlinghouse will directly address lawmakers, urging them to differentiate digital assets like XRP from securities. 

This vital distinction on whether crypto tokens fall under the Securities and Exchange Commission (SEC) or Commodities Futures Trading Commission (CFTC) jurisdiction has been a central issue. The hearing will spotlight bills like the 

Taking on X, formerly Twitter, Garlinghouse welcomed the Senate invite and 

, “I am honored to be invited to testify in front of the Senate Banking Committee this Wednesday on the need for passing crypto market structure legislation.”

Ripple’s long-running legal disputes with the SEC, stemming from inconsistent messaging on whether XRP qualifies as a security, serve as a real-world case study. 

Therefore, Garlinghouse is expected to highlight these contradictions, arguing for a fair, stable regulatory environment.

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