Reaper Financial Founder Predicts XRP Could Reach New All-Time High
According to Patrick Riley, the founder of Reaper Financial, Ripple’s native cryptocurrency XRP has the potential to surpass its previous all-time high and reach a price of over $22 in the next bull market. In an interview with market analyst Zach Rector, Riley highlighted the projects built by his team on the XRP ledger, which he believes will contribute to its bullish potential.
Transition from Ethereum to XRP
Riley criticized Ethereum for being slow and expensive, referring to it as a “dying horse.” He predicted that many projects will shift from Ethereum to the XRP ledger due to its faster and cheaper options. Additionally, Riley boldly stated that he expects XRP to surpass Bitcoin as the number one cryptocurrency.
EVM Side Chains and XLS-30 Amendment
Riley discussed the integration of Ethereum Virtual Machine (EVM) side chains into Ripple’s network, which he believes will further enhance its growth. He also mentioned the upcoming XLS-30 amendment that will introduce an Automated Market Maker (AMM) to XRP. This could lead to increased listings of XRPL tokens on exchanges, potentially driving up their prices.
XRP’s Current Price and Future Outlook
At the time of writing, XRP is valued at $0.619538 according to CoinGecko data. While it hasn’t surpassed its previous all-time high of $3.84 in six years, analysts anticipate that it could exceed $10 in the next crypto market bull run.
Hot Take: XRP Poised for Growth and Potential
Riley’s optimistic outlook on XRP’s potential for reaching new heights is fueled by factors such as the integration of EVM side chains, the upcoming XLS-30 amendment, and the migration of projects from Ethereum. With these developments, XRP could establish itself as a dominant cryptocurrency in the market, potentially surpassing Bitcoin. While XRP’s current price may be lower than its previous all-time high, the future looks promising for this digital asset.
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