XRP poised for a significant surge in value.
Reaper Financial founder Patrick Riley holds a positive outlook on Ripple’s (XRP) potential to achieve a new record high. During an interview with market analyst Zach Rector, Riley suggested that the coin could surpass $22 in the next bullish market. He also discussed the various projects that his team at Reaper has developed using the XRP ledger, which he believes will contribute to its bullish potential. Furthermore, Riley stated that the integration of Ethereum Virtual Machine (EVM) side chains into Ripple will further enhance the network’s growth. According to Riley, Ethereum is a slow and expensive network that has been struggling for a long time, while XRP with EVM offers a faster and cheaper alternative, prompting him to predict that several tokens will migrate from Ethereum to the XRP ledger. In the interview, Riley made a bold prediction, stating that he realistically expects Ripple’s native crypto token to surpass Bitcoin as the top cryptocurrency. He also discussed the XLS-30 amendment, which will introduce an automated market maker (AMM) to XRP. Riley believes that this amendment may lead to an increase in listings of XRPL tokens that were previously excluded from exchanges due to their trading volumes, potentially resulting in a rise in the token’s price. As of now, XRP is priced at $0.619538, reflecting a 0.5% decrease from its value 24 hours ago. The coin’s support levels are established between $0.55 and $0.51, with resistance at the $0.66 mark. Although XRP has not surpassed its all-time high value of $3.84 in the past six years, analysts anticipate that it will exceed $10 in the next anticipated bull run in the crypto market.
