A crypto founder recently gave his opinion on the future trajectory of the XRP price, and XRP holders will like this one as it predicts the crypto token will reach $22. He also provided a timeline of when it will reach this price level.
When XRP price will reach $22
In a YouTube interview with Zach Rector Patrick Riley, the founder of Reaper Financial, said that XRP will reach $22 at the peak of the next bull run. He further stated that the crypto token will exceed $10 in the next bear market after that bull run. Many predict that the next bull run will occur in 2024, meaning XRP could reach $22 next year.
Riley sounded so optimistic about the future of XRP. This isn’t surprising since Reaper Financial is built on the XRP ledger. The $22 price prediction isn’t the only bold claim the cryptocurrency founder has made. He also expects XRP to surpass Bitcoin at some point, although he did not provide a specific timeline for that. When that happens, he believes XRP will materialize as the global reserve currency.
He alluded to the failure of the dollar and that many may be looking to cryptocurrencies for relief. There is a common belief that cryptocurrencies, especially Bitcoin, can act as a kind hedge against inflation. However, according to Riley’s prediction, XRP will be the go-to token instead of Bitcoin.
Talks of inflation and the declining value of the US dollar have been much discussed lately. Renowned economist Peter Schiff recently warned that the fall of the US dollar was imminent and that the country’s economy will take a major hit. Many believe this could be a great way for cryptocurrencies to save the day.
XRP falls below $0.6 | Source: XRPUSD on Tradingview.com
Making a case for XRP
In a more recent one video Zach Rector advocated for it on his YouTube channel XRP instead of Bitcoin as the future of finance. He hinted at how the transaction fees on the Bitcoin network affect its usefulness as many cannot even afford to transact on the network. Therefore, he believes that XRP is in a “better position to change the world” and possibly the global financial structure.
In fact, many believe that XRP is in a better position due to the network’s transaction speed and fees. The XRP ledger could process 1,500 transactions per second and settle in three to five seconds. The transaction fee on the network is also 0.00001 XRP, which is well below the average gas fee on the Bitcoin network.
At the time of writing, XRP is trading around $0.6, down over 3% in the past 24 hours. facts from CoinMarketCap.
Featured image from YouTube, chart from Tradingview.com
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