Reaper Financial Founder Predicts XRP Could Reach New Highs, Surpassing $22

Patrick Riley, the founder of Reaper Financial, is filled with optimism about the potential of Ripple’s XRP to reach new heights. In an interview with market analyst Zach Rector, Riley stated that he believes the coin could surpass $22 in the next bull market. He also discussed the various projects that his team at Reaper has developed using the XRP ledger, highlighting how these projects will contribute to the coin’s bullish potential.

Riley went on to express his belief that Ethereum is a slow and expensive network that has been struggling for some time. He referred to it as a “dying horse” and stated that projects will likely turn to XRP with EVM (Ethereum Virtual Machine) as a faster and more cost-effective alternative. In fact, he predicts that many tokens will migrate from Ethereum to the XRP ledger.

During the interview, Riley made a bold prediction, stating that he realistically expects XRP to surpass Bitcoin as the number one cryptocurrency. He believes that the integration of EVM side chains into Ripple will further boost the network’s growth.

In addition to the integration of EVM side chains, Riley discussed the XLS-30 amendment, which will introduce an Automated Market Maker (AMM) to XRP. He believes that this amendment will lead to increased listings of XRPL tokens that were previously excluded from exchanges due to their low trading volumes. This, in turn, could contribute to an increase in the price of XRP.

At the time of writing, XRP’s price is $0.619538, representing a 0.5% drop compared to its value 24 hours ago, according to CoinGecko data. The coin has established support levels between $0.55 and $0.51, while facing resistance at the $0.66 mark. Although XRP has not surpassed its all-time high value of $3.84 in the past six years, analysts anticipate that it will exceed $10 in the next crypto market bull run.

Overall, Riley’s optimism and enthusiasm for XRP’s potential for growth are shared by many analysts who foresee a bright future for the cryptocurrency.