XRP poised for universal adoption
Patrick Riley, the founder of Reaper Financial, is filled with optimism regarding the potential of Ripple’s XRP to reach new heights. In a recent interview with market analyst Zach Rector, Riley expressed his belief that the coin could surpass $22 in the next bull market. He also discussed the projects his team at Reaper has developed using the XRP ledger, emphasizing how these initiatives will contribute to the bullish potential of the cryptocurrency.
Additionally, Riley highlighted the positive impact that the introduction of Ethereum Virtual Machine (EVM) side chains to Ripple will have on the network’s growth. According to him, Ethereum has long been considered a slow and expensive network, akin to a “dying horse.” As a result, Riley expects many projects to migrate from Ethereum to XRP with EVM, as it offers a faster and more cost-effective alternative.
Riley made a bold prediction during the interview, stating that he realistically expects XRP, the native crypto token of the Ripple network, to surpass Bitcoin (BTC) as the leading cryptocurrency.
The CEO also touched upon the integration of EVM side chains and the XLS-30 amendment, which will introduce an Automated Market Maker (AMM) to XRP. He believes that this amendment will lead to increased listings of XRPL tokens that were previously excluded from exchanges due to their trading volumes. As a result, this could contribute to a rise in the price of XRP.
At the time of writing, XRP’s price is $0.619538, reflecting a 0.5% decrease compared to 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 mark.
While XRP hasn’t surpassed its all-time high value of $3.84 in the past six years, analysts anticipate that it will exceed $10 during the next anticipated bull run in the crypto market.
