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Founder of Reaper Financial, Patrick Riley, expressed his optimism about Ripple’s potential for reaching a new all-time high. In an interview with market analyst Zach Rector, Riley predicted 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 further stated that the integration of Ethereum Virtual Machine (EVM) side chains to Ripple will enhance the network’s growth. He described Ethereum as a slow and expensive network that has been struggling for a long time, while highlighting XRP with EVM as a faster and cheaper alternative. He predicted that several tokens will migrate from Ethereum to the XRP ledger.
During the interview, Riley made a bold prediction, stating that he realistically expects Ripple’s native crypto token to surpass Bitcoin as the number one cryptocurrency.
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 this will increase the listings of XRPL tokens that were previously excluded from exchanges due to their volumes, consequently contributing to an upward price trend for the token.
At the time of writing, XRP’s price is $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, 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 anticipate that XRP will exceed $10 during the next crypto market bull run.
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