Reaper Financial founder Patrick Riley is optimistic about Ripple’s (XRP) potential to reach new all-time highs.
In an interview with market analyst Zach Rector, he said the coin could surpass $22 during the next bull market.
Riley discussed extensively some of the projects his team at Reaper has built utilizing the XRP ledger, which only fuels optimism about its potential.
The cryptocurrency startup founder also told Rector that introducing the Ethereum Virtual Machine (EVM) sidechain to Ripple would boost network growth.
From Ethereum to XRP
Riley viewed Ethereum as a slow and expensive network that had been “a dying horse that has been limping around for a long time.” The project will consider XRP with EVM as a faster and cheaper option.
He predicted that several tokens will move from Ethereum to the XRP ledger.
The president of Reaper Financial made the bold prediction in an interview that one of his “very realistic” expectations is that the Ripple network’s native crypto token will surpass Bitcoin (BTC) to become the leading cryptocurrency.
In addition to EVM sidechain integration, the CEO discussed the XLS-30 amendment to introduce AMM to XRP, which he said could increase the list of XRPL tokens excluded from the exchange due to trading volume. Token price rises.
According to CoinGecko data, the price of XRP is $0.619538 at the time of writing, down 0.5% from the price 24 hours ago. The coin’s established support levels lie between $0.55 and $0.51, and it faces rejection at $0.66.
The digital currency has not surpassed its all-time high of $3.84 in six years, but analysts expect its value to surpass $10 during the highly anticipated next cryptocurrency bull market.