XRP Ledger Launches EVM Sidechain, Shifts XRP Price Outlook

Published: 2025-07-01 17:48:10 |

Blockchain developer Peersyst Technology has launched an Ethereum Virtual Machine (EVM) sidechain on the XRP Ledger, enabling Ethereum-based dApps and protocols to run seamlessly within the XRP ecosystem. This integration expands XRP Ledger’s functionality, taps into Ethereum’s developer community, and could boost XRP demand. Recent XRP price analysis shows the token trading below resistance at $2.65, with a daily close above $2.30 potentially signaling a bullish momentum shift. Conversely, a drop below $1.90 may test the $2 psychological support level. Traders should watch for increased network activity and liquidity inflows as Ethereum compatibility drives user adoption and strengthens XRP’s long-term value.

Bullish

The launch of an EVM-compatible sidechain on the XRP Ledger is a bullish catalyst for XRP. By enabling Ethereum dApps and smart contracts, the upgrade broadens the network’s use cases and attracts fresh liquidity. Similar integrations—such as Binance Smart Chain’s support for Ethereum tooling—have historically driven token demand and price rallies. In the short term, traders may see increased volume as XRP tests the $2.30 resistance. Over the long term, sustained developer interest and cross-chain functionality could underpin higher market valuations and stronger network effects.