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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

Crypto Founder Predicts XRP Price Will Hit $22, Here’s When

Scott Matherson
Scott Matherson
1 year ago
3 mins read
XRP Price

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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. 

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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 price chart from Tradingview.com

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.

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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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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Read more

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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