According to Crypto Founder Patrick Riley, XRP Could Hit $22 ATH in the Next Bull Run

Crypto News– XRP may reach a new high in the expected impending bull market, according to Patrick L. Riley, the founder of Reaper Ascencion Index Ark Institute, in a recent interview with prominent cryptocurrency analyst Zach Rector.

According to Crypto Founder Patrick Riley, XRP Could Hit $22 ATH in the Next Bull Run

Riley did, in fact say that during the next bull market, XRP is in a strong position to reach a new all-time high of $22 or more. The founder believes that the increased usage and continued development of the XRP Ledger will propel the token’s bullish potential.

Riley also stated that XRP‘s upside potential will be fueled by the addition of EVM side chains. He went on to suggest that many projects now using ERC20 tokens will convert to XRP in order to take advantage of its quicker settlement time and lower fees.

Riley Believes XRP Will Outpace BTC

The founder stated that he still believes XRP will remain over $10 throughout the upcoming bear market, despite restating his positive stance. According to statistics from CoinMarketCap, XRP is currently trading hands at $0.6164 per unit. In the long run, Riley believes XRP will overtake Bitcoin as the most valuable cryptocurrency token.

In addition, he stated that although he anticipates Bitcoin values to remain high, XRP will always have an advantage over the original cryptocurrency due to its lack of utility. XRP, on the other hand, is still trading much below its peak of $2.4, which it reached in 2018. The token’s price and market capitalization fell precipitously after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the firm.