Record-breaking peak
Patrick Riley, the founder of Reaper Financial, expressed his optimism about the potential of 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 in the next bull market. He also discussed some of the projects his team at Reaper has developed using the XRP ledger, which he believes will further enhance its bullish potential.
Riley went on to explain that he views Ethereum as a slow and expensive network that has been struggling for some time. He believes that projects will start turning to XRP with Ethereum Virtual Machine (EVM) side chains as a faster and more cost-effective alternative. He predicts that several tokens will migrate from Ethereum to the XRP ledger.
In the interview, Riley made a bold prediction, stating that he realistically expects XRP to surpass Bitcoin as the number one cryptocurrency. He also discussed the integration of EVM side chains and the XLS-30 amendment, which will introduce an Automated Market Maker (AMM) to XRP. This, in turn, could lead to an increase in listings of XRPL tokens that were previously excluded from exchanges due to their trading volumes, potentially driving up the token’s price.
At the time of writing, XRP’s price is $0.619538, showing a 0.5% drop from its value 24 hours ago. The coin has established support levels between $0.55 and $0.51, while facing resistance at the $0.66 mark. Despite not surpassing its all-time high value of $3.84 in the last six years, analysts expect XRP to exceed $10 in the next crypto market bull run.
