What could XRP price climb to if Tesla CEO Elon Musk began promoting it like he has done with Dogecoin?
Elon Musk has shown time and again that his words alone can move markets, especially in the crypto scene. Notably, few coins illustrate this better than Dogecoin.
What started as an internet joke exploded into one of the most recognized crypto assets globally, largely because Musk kept drawing attention to it. Looking at Dogecoin’s history, it’s worth asking: what would happen if Musk gave XRP the same kind of spotlight?
Musk’s Dogecoin Mentions and Price Impact
For context, Musk first mentioned Dogecoin in April 2019, and the meme coin doubled in value in just three days, jumping 95% to $0.00408. From then on, his tweets continued to trigger wild swings.
In December 2020, a single short post from Musk pushed the price up 20% within hours. Two months later, in February 2021, he called Dogecoin the “people’s crypto,” which sent the price soaring 40% overnight as trading activity surged.
Meanwhile, the real frenzy came in April 2021. Musk tweeted that Dogecoin was “barking at the moon,” and the coin soared, bolstered by the crypto bull run that year. Interestingly, its price rose to an all-time high of $0.73. This marked a gain of over 12,000% from January 2021, when DOGE traded for just $0.006.
In January 2022, Musk revealed that Tesla would accept Dogecoin for merchandise, and the price instantly jumped 15% in a single day. In March 2023, he swapped out Twitter’s logo for the Dogecoin mascot, sending DOGE 30% higher almost immediately.
More recently, his involvement in the Department of Government Efficiency (DOGE) in late 2024 and its launch in early 2025 drove Dogecoin up again, although the excitement faded soon after.
Meanwhile, XRP has seen steady but less dramatic growth. In April 2019, XRP traded at $0.30. Today, it trades for around $3.00, a 920% gain. Dogecoin, on the other hand, has soared from $0.00408 to $0.2388 in the same period, a staggering 5,752% climb.
XRP Price if Elon Musk Started Promoting It
Interestingly, Musk has always avoided mentioning XRP. However, what if he gave it the same level of attention as Dogecoin? Notably, in such a scenario, while the price reaction would have been positive, the actual impact remains uncertain.
As a result, we posed the question to Google Gemini. According to the chatbot, if Musk started promoting XRP today at its current price of $3.00 and the coin experienced the same percentage gain that Dogecoin did, XRP could climb as high as $175.92.
Gemini clarified that this scenario is purely speculative. The crypto market is much more complex than a simple formula, and several other forces could shape XRP’s future. For one, Ripple’s battle with the U.S. SEC has finally moved toward resolution, giving XRP much-needed regulatory clarity.
With that cloud lifting, banks and institutions could start adopting XRP more widely for cross-border payments. Gemini also pointed out that the next bull run could play a big role. If Bitcoin and Ethereum rally strongly, altcoins like XRP usually follow.
Moreover, XRP boasts a unique position as a utility token for cross-border payments, unlike Dogecoin. As a result, Musk’s promotion could lead to greater adoption in payment corridors, further boosting the price.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
