“Attain the Desired Milestone”
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 the projects his team has built using the XRP ledger, emphasizing that they will further enhance its bullish potential.
Riley went on to criticize Ethereum, calling it a slow and expensive network that has been struggling for some time. He believes that projects will start looking towards XRP with EVM (Ethereum Virtual Machine) as a faster and cheaper 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 believes that the integration of EVM side chains and the introduction of an AMM (Automated Market Maker) through the XLS-30 amendment will contribute to the growth of the XRP network.
Currently, XRP’s price is $0.619538, representing a 0.5% decrease 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 past six years, analysts anticipate that XRP will exceed $10 in the upcoming bull run.
As the crypto market continues to evolve, it will be interesting to see how XRP performs and whether it can fulfill Patrick Riley’s optimistic predictions.
