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- Apple is rumored to be planning a $1.5 billion XRP purchase this week.
- XRP price is showing resilience, rallying back to the $3 mark.
An ongoing rumor is spreading within the online crypto community that Apple Inc. will announce the purchase of $1.5 billion worth of XRP soon. These discussions are coming amid a recent recovery in the price of the Ripple-backed coin to the $3 psychological level.
Is Apple Really Spending Big on XRP?
The rumor about Apple purchasing XRP started from X user @BaronDominus.
“Strong rumors are circulating that Apple is set to announce a $1.5B XRP purchase today,” the user stated.
Cobb, a prominent XRP supporter on X, quickly spotlighted the post, dismissing the rumor, comparing it to “ghosts.”
It is important to note that Apple has shown minimal interest in cryptocurrencies. Until early this year, iOS restrictions banned in-app purchases involving digital assets. This action signals a cautious or indifferent approach towards crypto.
While these restrictions were lifted, this move only aligned Apple with competitors. Thus, it does not indicate a shift toward embracing crypto as a strategic asset.
If Apple were to invest in cryptocurrencies, Bitcoin (BTC) or Ethereum (ETH) would be more logical choices due to their widespread adoption.
Several companies and even governments like El Salvador have embraced Bitcoin, making it a safer bet for Apple. On the other hand, XRP is less mainstream and tied to Ripple, making it an unlikely candidate for a high-profile corporate investment.
Apple is known for calculated and predictable moves. A $1.5 billion XRP purchase would be a dramatic departure from its risk-averse financial strategy, especially without prior hints of crypto interest.
Summarily, the rumor appears speculative and far-fetched, driven by social media hype rather than evidence.
However, several crypto platforms have recently integrated Apple technology. As noted in our earlier post, MetaMask now allows users to access wallets using an Apple ID without storing the seed phrase.
Additionally, in a recent study we reported on, Cardano revealed plans to bring its CardanoKit to Apple devices.
Analyzing XRP Price and Projections
The XRP price appears bullish, trading as high as $3.03 in today’s session. Currently, XRP is priced at $3, up 1.79% over the past 24 hours.
The trading volume also remained robust at $6.59 billion, demonstrating a 19.2% increase within the same period.
XRP bounced strongly after breaking above the triangle pattern, showing acceleration from the support area. The price is currently oscillating around a higher consolidation channel, maintaining strength above the $3 level.
A sustained hold of this zone could confirm bullish continuation. If momentum persists, upside targets point toward between the $3.20–$3.30 resistance range with scope for extension.
As mentioned in our previous news brief, analyst CW explained that XRP is following a cycle seen in past surges. The pattern usually starts with an explosive breakout, followed by a period of consolidation, before a big rally.
Based on the Fibonacci extension, the first XRP target remains $3.65, with a second target set at $21.5.
