๐ฐ XRP will hit $22 in the next bull market run, crypto startup founder predicts
๐ In a recent interview with market analyst Zach Rector, Reaper Financial founder Patrick Riley expresses bullish optimism for Rippleโs (XRP) future.
๐ Price Prediction and Catalysts:
According to Riley, XRP could soar to an impressive $22 in the upcoming bull market run. He attributes this potential surge to the innovative projects built by his team at Reaper, leveraging the XRP ledger. The integration of Ethereum Virtual Machine (EVM) side chains into Ripple is expected to be a catalyst, enhancing the network's growth.
๐ Ethereum to XRP: A Paradigm Shift:
Riley paints Ethereum as a slow and expensive network, suggesting it's on a decline. He anticipates projects migrating from Ethereum to XRP with EVM, viewing XRP as a faster and more cost-effective alternative.
๐ XRP as the Next Crypto King:
Making a bold prediction, Riley foresees XRP surpassing Bitcoin (BTC) to become the number one cryptocurrency. He points to the potential mass movement of tokens from Ethereum to the XRP ledger, positioning XRP for a significant market share.
๐ Key Amendments Driving Growth:
Discussing the upcoming XLS-30 amendment introducing an Automated Market Maker (AMM) to XRP, Riley believes this could lead to increased listings of XRPL tokens, previously excluded due to volume concerns. This, in turn, might contribute to an upturn in XRP's price.
๐น Current XRP Status:
As of now, XRP's price is $0.619538, witnessing a marginal 0.5% drop in the last 24 hours. Support levels are established between $0.55 and $0.51, with resistance encountered at the $0.66 mark, as per CoinGecko data.
๐ฎ Future Outlook:
While XRP hasn't breached its all-time high of $3.84 in the last six years, analysts, including Riley, foresee a potential surge beyond $10 in the anticipated next crypto market bull run.
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