Reaper Financial founder sees Ripple as the next top of the crypto market

Reaper Financial founder sees Ripple as the next top of the crypto market

According to a report by www.finanzen.net,

Bitcoin and Ethereum are still at the top of the crypto market. If Reaper Financial founder Patrick Riley has his way, a competitor will soon be at the top of the ranking: Ripple.

Reaper Financial sees itself as a market regulation instrument based on XRP

Patrick Riley, founder of crypto financial services provider Reaper Financial, has high hopes for the XRP token and the XRP ledger that underlies the blockchain. With the help of the RPR token, the aim is to use the digital ecosystem as a market regulation tool for a decentralized economy. The aim is to curb the volatility of the digital market through a decentralized voting mechanism in which the value of RPR is used to purchase and destroy undervalued assets.

Numerous XRP projects in implementation

In addition to the RPR token, Reaper Financial also operates the ASC token and the ARK token, which are created monthly and launched in exchange for XRP. The Ripple coins received are used for various purposes, which increases Ripple's upside potential. These projects could therefore have a direct impact on the market.

Ethereum is a “dying horse”

Riley criticizes Ethereum for being too slow and expensive and sees the introduction of side blockchains through the Ethereum Virtual Machine (EVM) as a positive for the XRP token. The combination of the XRP ecosystem with EVM is intended to provide a more powerful and cost-saving alternative to the regular Ethereum network, which could have an impact on the Ethereum market.

XRP on the verge of a new record run

Riley predicts a bullish price target for XRP and expects XRP's next high to be above $22. The current value of the token is $0.6053 (as of December 19, 2023) with a market value of $33 billion. A possible increase in the XRP price could have an impact on the entire crypto market.

Ripple could challenge Bitcoin’s top position

In the long term, Riley sees the potential for Ripple to overtake Bitcoin's position. Only Ripple coins are accessed, which do not mean any losses for investors. If Ripple overtakes Bitcoin's market cap, it could impact the entire crypto market.

Overall, the developments surrounding Reaper Financial and the XRP token could have an impact on the crypto market, especially in relation to Ethereum and Bitcoin.