Elon Musk publicly mentioned Ripple's XRP cryptocurrency for the first time during a town hall in Pittsburgh.
While Musk didn't specifically endorse XRP, he stated that he believes crypto assets serve as a valuable bulwark against centralized control.
Musk is known for his support of Dogecoin (DOGE) and has previously teased DOGE payments for Tesla and mentioned it in relation to a proposed government efficiency commission.
XRP fans expressed enthusiasm over Musk mentioning XRP, although he clarified that it was not an endorsement.