Crypto Star

07/01 15:54

XRP EVM Sidechain Goes Live: Ripple launches Ether

XRP EVM Sidechain Goes Live: Ripple launches Ethereum-compatible smart contracts on mainnet, boosting ecosystem potential.

Breakout in Focus: XRP eyes $2.25 support as key to unlocking a potential rally toward $2.69 and $3.04, says analyst Casi Trades.

Ripple’s XRP is making headlines this week with a big development; the much-anticipated EVM sidechain has officially launched on mainnet. This upgrade allows Ethereum-compatible smart contracts to run on the XRP Ledger, opening the door for faster, cheaper decentralized apps, bridges, wallets, and more. It’s a big step for Ripple’s growing ecosystem, and naturally, traders are keeping a close eye on the price.

At the moment, XRP is hovering around $2.20 to $2.23, just under an important resistance zone. The price briefly pushed above $2.20 in the past 12 hours and is trying to hold above it. While the momentum isn’t strong yet, the charts suggest XRP could be setting up for a potential move.

If buyers manage to lift the price and hold it above $2.21, it might see a quick rally toward $2.25. The next target after that would be around $2.31 to $2.35. On the downside, XRP has decent support between $2.14 and $2.10, with a stronger support area near $1.95 if the market turns lower.

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