XRP to reach all-time high: Reaper Financial’s Patrick Riley
Reaper Financial founder Patrick Riley is optimistic about Ripple’s (XRP) potential for reaching a new all-time high.
In an interview with market analyst Zach Rector, the coin could surpass $22 in the next bull market.
Riley broadly discussed some of the projects his team at Reaper has built leveraging the XRP ledger, which will only propel the bullish potential.
Furthermore, the crypto startup founder told Rector that the introduction of Ethereum Virtual Machine (EVM) side chains to Ripple will boost the network’s growth.
From Ethereum to XRP
Riley deemed Ethereum a slow and expensive network that’s been a “dying horse that’s been limping along for a long time.” Projects will look toward XRP with EVM as a faster and cheaper option.
Several tokens will move from Ethereum to the XRP ledger, he predicts.
The Reaper Financial boss made a bold prediction in the interview, saying one of the things he expects “very realistically” is that the native crypto token of the Ripple network will surpass Bitcoin (BTC) as the number one cryptocurrency.
In addition to the integration of EVM side chains, the CEO discussed the XLS-30 amendment set to introduce an AMM to XRP, saying it may increase listings of XRPL tokens that were left out of exchanges due to their volumes, which could subsequently add to the token’s price upturn.
Per CoinGecko data, XRP’s price is $0.619538 at the time of writing, a 0.5% drop from its value 24 hours ago. The coin’s established support levels are between $0.55 and $0.51, while it faces rejection at the $0.66 mark.
The digital currency hasn’t surpassed its all-time high value of $3.84 in the last six years, but analysts expect it will go beyond $10 in the highly expected next crypto market bull run.
Credit: Source link
