Blockchain developer Peersyst Technology unveiled a significant update to the XRP Ledger with the launch of a mainnet Ethereum Virtual Machine (EVM) sidechain. This development enables Ethereum-based protocols and dApps to run seamlessly within the XRP ecosystem.
Recent XRP price analysis suggests that this expansion could boost market sentiment and support potential price gains, especially as XRP approaches key resistance levels.
By integrating Ethereum compatibility, the XRP Ledger broadens its functionality and taps into a larger developer community and liquidity pool. Ripple’s continued use of the Ledger for cross-border payments, digital asset liquidity, and central bank digital currency initiatives means this upgrade may enhance network activity and strengthen XRP’s long-term value.
Peersyst confirmed the sidechain’s launch on X, highlighting that Ethereum-native applications can now operate directly on the XRP Ledger, Ripple’s foundational blockchain platform.
https://twitter.com/Peersyst/status/1939671512262529380?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow
(XRPUSDT)
On Monday, XRP’s price increased as it sought to break free from an extended consolidation period. The token has remained below the $2.65 resistance level for nearly three months. A daily close above the next key resistance at $2.30 could indicate a shift in momentum and signal the end of this sideways trading.
On the other hand, a drop below the June 22 low of $1.90 would challenge buyers and may prompt XRP to test the important psychological support near $2. Such a move could trigger liquidity gathering before any renewed upward push.
By connecting the XRP Ledger with the Ethereum ecosystem, this development may draw more users and developers into the XRP network, potentially boosting demand for XRP as the native currency facilitating transactions on the Ledger.
DISCOVER: What Are the Best New Presales to Buy in July 2025?
The post ETH Comes to XRP Crypto: XRP Price Prediction Shifts Hopes appeared first on 99Bitcoins.
At the SALT conference in Jackson Hole, Rep. Angie Craig (D-Minn.) put words to what…
More than two years after leaving the company, some former Twitter employees may finally receive…
Bitcoin ETFs lost $312 million and ether ETFs shed $240 million on Wednesday, extending the…
[PRESS RELEASE – Zurich, Switzerland, August 21st, 2025] With an overwhelming 180,000 USD raised within…
Get 200 credits to use each month and generate charts, logos, infographics, mind maps, and…
Pi Network price remains under pressure and is hovering near its all-time low as demand…