XRP Projected Price if Elon Musk Promoted It Like Dogecoin

Tesla CEO Elon Musk has repeatedly demonstrated his ability to influence cryptocurrency markets, particularly through his long-running involvement with Dogecoin.

A single comment from Musk has often been enough to drive sharp price movements in DOGE, making him one of the most influential voices in the crypto industry. This raises an important question: what might happen if Musk were to apply the same level of attention to XRP?

The Dogecoin Effect

Dogecoin’s history shows the outsized role Musk has played in its valuation. His first public reference to the token came in April 2019, after which its price nearly doubled within three days. Subsequent tweets often produced immediate rallies, with several examples standing out.

In December 2020, a short statement from Musk was enough to push DOGE up 20% in a matter of hours. By February 2021, when he referred to it as the “people’s crypto,” the coin gained more than 40% overnight.

The peak of his influence came during the spring of 2021, when a tweet suggesting Dogecoin was “barking at the moon” coincided with the token’s surge to its record high of $0.73, representing gains of over 12,000% compared to its price at the start of that year.

Musk’s influence extended beyond social media commentary. In January 2022, he announced that Tesla would accept Dogecoin for merchandise, driving another immediate price increase.

A year later, in March 2023, his decision to briefly change Twitter’s logo to the Dogecoin mascot sent the coin up by 30% within hours. Even more recently, his involvement in the Department of Government Efficiency (DOGE) initiative in 2024 and its launch in early 2025 gave the coin renewed attention, although the momentum did not last long.

Over the same period, XRP has moved much more gradually. In April 2019, XRP was priced around $0.30. Today, it trades near $3.00, a 920% increase. Dogecoin, in comparison, has jumped from about $0.004 to nearly $0.22, a gain of over 5,700%.

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What If Musk Promoted XRP?

Unlike with Dogecoin, Musk has never directly commented on XRP. However, if he were to begin actively promoting it, the market response could be substantial. To explore this possibility, Google’s Gemini chatbot was asked to calculate potential outcomes.

It suggested that if XRP experienced the same percentage increase as Dogecoin during its Musk-fueled rallies, the token could theoretically rise from $3.00 to approximately $175.92.

However, Gemini stressed that the figure is hypothetical and should not be treated as a forecast. Cryptocurrency prices are influenced by multiple variables, including regulatory decisions, institutional adoption, and overall market sentiment.

For XRP in particular, one key factor has been the resolution of Ripple’s legal battle with the U.S. Securities and Exchange Commission, which has provided greater regulatory clarity for the asset.

This clarity may encourage banks and payment providers to expand their use of XRP in cross-border settlements, strengthening its role as a utility-driven token. Combined with broader market dynamics, such as potential rallies in Bitcoin and Ethereum that typically lift other altcoins, XRP could see stronger growth regardless of Musk’s involvement.

While Musk’s influence on Dogecoin is undeniable, applying the same trajectory to XRP is highly speculative. Even so, if he were to shift attention toward XRP, the token would likely benefit from increased exposure and retail participation. When combined with its established role in payment systems and improving regulatory position, such a scenario could significantly enhance its market profile.

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