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Patrick Riley, the founder of Reaper Financial, is feeling positive 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 at Reaper has built using the XRP ledger, which he believes will contribute to its 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 sees XRP with Ethereum Virtual Machine (EVM) side chains as a faster and cheaper alternative, and predicts that many tokens will migrate from Ethereum to the XRP ledger.
In a bold prediction, Riley stated that he expects XRP to surpass Bitcoin as the number one cryptocurrency. He also mentioned the integration of EVM side chains and the XLS-30 amendment, which will introduce an AMM to XRP. He believes that these developments may lead to increased listings of XRPL tokens on exchanges, potentially driving up the token’s price.
At the time of writing, XRP is valued at $0.619538, representing a 0.5% drop from its value 24 hours ago. The coin has established support levels between $0.55 and $0.51, and faces resistance at the $0.66 mark. While XRP has not surpassed its previous all-time high of $3.84 in the last six years, analysts anticipate that it could exceed $10 in the next crypto market bull run.
