Achieving New Heights: Reaching for the Stars
Patrick Riley, the founder of Reaper Financial, is expressing optimism about the potential for Ripple’s XRP to reach a new all-time high. In an interview with market analyst Zach Rector, Riley suggested that the coin could surpass $22 during the next bull market. He discussed the various projects that his team at Reaper has built using the XRP ledger, which he believes will further enhance its bullish potential. Riley also mentioned that the integration of Ethereum Virtual Machine (EVM) side chains into Ripple will contribute to the network’s growth. He described Ethereum as a slow and expensive network, stating that projects will likely turn to XRP with EVM as a faster and cheaper alternative. According to Riley, several tokens are expected to move from Ethereum to the XRP ledger. In the interview, he made a bold prediction, stating that he realistically expects XRP to surpass Bitcoin as the number one cryptocurrency. Riley also discussed the XLS-30 amendment, which will introduce an AMM to XRP. He believes this amendment may lead to increased listings of XRPL tokens that were previously excluded from exchanges due to low trading volumes, potentially driving up the token’s price. Currently, XRP is priced at $0.619538, which represents a 0.5% drop from its value 24 hours ago. The coin’s support levels are established between $0.55 and $0.51, while it faces resistance at the $0.66 mark. Although XRP has not surpassed its all-time high of $3.84 in the past six years, analysts anticipate that it will exceed $10 in the next crypto market bull run.
