Crypto Founder Predicts XRP Price Will Hit $22, Here’s When
December 18 2023 - 4:00PM
NEWSBTC
A crypto founder recently gave his opinion on the future trajectory
of the XRP price, and XRP holders will like this one as he predicts
that the crypto token will hit $22. He also gave a timeline of when
it will hit this price level. When XRP Price Will Hit $22 In a
YouTube interview with Zach Rector, Patrick Riley, the founder of
Reaper Financial, mentioned that XRP will hit $22 at the peak of
the next bull run. He further stated that the crypto token will
hold above $10 in the next bear market after that bull run. The
next bull run has been projected by many to occur in 2024, meaning
that XRP could hit $22 next year. Related Reading: Changelly
Releases Updated Predictions For XRP Price, When Will It Cross $10?
Riley sounded so optimistic about the future of XRP. This isn’t
surprising, considering that Reaper Financial is built on the XRP
Ledger. The $22 price prediction isn’t the only bold assertion that
the crypto founder made. He also foresees XRP surpassing Bitcoin at
some point, although he didn’t give a particular timeline for that.
When that happens, he believes that will see XRP materialize as the
global reserve currency. He alluded to the dollar failing and
many possibly looking to cryptocurrencies for succor. There is a
general belief that cryptocurrencies, especially Bitcoin, can act
as a hedge against inflation. However, going by Riley’s prediction,
XRP instead of Bitcoin will be the go-to token. Talks about
Inflation and the declining value of the US dollar have been
discussed much of late. Renowned economist Peter Schiff recently
warned that the fall of the US dollar was imminent and that the
country’s economy is going to take a hard hit. Many believe that
this could be a great avenue for cryptocurrencies to swoop in and
save the day. XRP falls below $0.6 | Source: XRPUSD on
Tradingview.com Making A Case For XRP In a more recent video on his
YouTube channel, Zach Rector made a case for XRP instead of Bitcoin
as the future of finance. He hinted at how the transaction fees on
the Bitcoin network affect its utility, as many are unable even to
afford to transact on the network. Therefore, he believes that XRP
is in a “better to change the world” and possibly the global
financial structure. Related Reading: Polygon (MATIC) Price Faces
Crucial Turning Point That Could Trigger 50% Rally, Analyst Says
Indeed, many believe that XRP is in a better position because of
the transaction speed and fee of the network. The XRP ledger is
said to be able to process 1,500 transactions per second and settle
them in three to five seconds. Transaction cost on the network also
stands at 0.00001 XRP, which is way below the average gas fee on
the Bitcoin network. At the time of writing, XRP is trading
at around $0.6, down over 3% in the last 24 hours, according to
data from CoinMarketCap. Featured image from YouTube, chart
from Tradingview.com
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