Record-breaking

Reaper Financial founder Patrick Riley holds a positive outlook on the potential of Ripple’s XRP to reach a new record high. In an interview with market analyst Zach Rector, Riley suggested that the coin could exceed $22 during the next bullish market phase. Riley also discussed the various projects his team at Reaper has developed using the XRP ledger, which he believes will further enhance its bullish prospects. Additionally, he stated that the integration of Ethereum Virtual Machine (EVM) side chains into Ripple will contribute to the network’s growth. Riley described Ethereum as a slow and costly network that has been struggling for a prolonged period. Consequently, he expects many projects to shift from Ethereum to XRP with EVM, as it offers a faster and more economical alternative. The Reaper Financial CEO made a bold prediction, stating that he realistically anticipates XRP to surpass Bitcoin as the leading cryptocurrency. Furthermore, Riley discussed the XLS-30 amendment, which will introduce an automated market maker (AMM) to XRP. He believes that this amendment could lead to an increase in the listing of XRPL tokens on exchanges, as those with lower volumes were previously excluded. This, in turn, could contribute to an upward price movement for the token. As of the time of writing, XRP’s price stands at $0.619538, representing a 0.5% decrease from its value 24 hours ago. The coin’s support levels are established between $0.55 and $0.51, while it faces resistance at the $0.66 level. Although XRP has not surpassed its all-time high of $3.84 in the past six years, analysts anticipate that it will exceed $10 in the forthcoming bullish phase of the cryptocurrency market.