A recent post from the Chain Cartel (@chaincartel) on XRP presented a surprising proposal for Elon Musk related to XRP. The account wrote that "Elon Musk should buy $200 million in XRP today to be able to pay the EU's $150 million fines for free in 2026."
Musk is under scrutiny from the EU and faces a heavy fine from its regulators. This statement suggested a strong rally for XRP next year and offers an easy solution to the billionaire's current problem.
The fine and the reason behind it
The EU imposed a fine of approximately €120 million, equivalent to about $140 million. The action targeted X, Musk's social media platform. The Commission acted based on the Digital Services Act, stating that X violated rules related to account labeling, data access, and ad transparency.
The Commission argued that the company used a misleading presentation of the blue seals after changes to the verification program. It also stated that Company X did not provide clear access for researchers monitoring public data. The Commission added that the ad repository did not contain the necessary details.
How much would XRP need to rise?
The Chain Cartel's comment suggested that a purchase of XRP worth $200 million today could grow to at least $340 million by 2026. This jump represents a necessary increase of approximately $140 million from the starting point. The value corresponds to a gain of about 70%.
For this to happen, XRP needs to rise from $2.07 to a sufficiently high level to generate that return. If someone bought the equivalent of $200 million in XRP at the current price of $2.07, that purchase would secure over 96.6 million XRP. To reach $340 million in 2026, each token needs to be traded at around $3.52.
This would place XRP just below its all-time high of $3.65, reached in July. However, this is the minimum amount needed to pay the fine. Some experts suggest that 2026 could be ten times better for XRP. A tenfold increase would bring the digital asset to $20.70, consolidating it in the double-digit range.
Is Musk going to buy XRP?
Although Musk has not publicly shown interest in buying XRP, this represents a huge opportunity. Musk's support for Dogecoin propelled it to unimaginable heights, and promoting XRP could help it grow even more than analysts expect.
Musk has not revealed any plans to buy XRP, but the cryptocurrency world is fully aware of his favorable stance towards cryptocurrencies. The market has already shown higher highs in the past, and Musk could seize the opportunity to pay off XRP's fines.
Remember folks, that nothing said here represents a recommendation to buy, sell, or hold assets.
Thank you all!
