U
nverified reports suggest that Saudi Arabia may allow U.S. citizens to purchase real estate using XRP, a claim circulating online with no official confirmation from the Saudi government or Ripple. The speculation has led to a price increase in XRP, despite no such authorization existing at this time.

    The narrative is fueled by discussions involving high-profile figures like Prince Abdulaziz bin Turki Al Saud and Kevin Chin from VivoPower, who have commented on XRP treasury strategies. However, these statements pertain to investments in digital assets and do not confirm any policy changes regarding real estate transactions.

    VivoPower's $121 million investment in XRP-related digital treasury strategies signals growing interest in XRP as part of institutional portfolios, but it does not imply that the cryptocurrency will be used for property purchases in Saudi Arabia. Despite widespread speculation, no verifiable primary sources have been cited to support the claim, and the rumor appears to stem from unconfirmed discussions and social media activity.

    The situation highlights a broader trend in the cryptocurrency market where speculative news can lead to rapid price movements. Market participants are advised to approach such rumors with caution and seek verified information before making investment decisions, as unconfirmed crypto news often triggers price swings without regulatory validation.