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.
📣 It’s TIME! We are proud to announce that the XRPL EVM Sidechain is now live on Mainnet! 🚀
After 3+ years of research and development with @Ripple, the network is live providing native #XRP with unlimited new capacities to flow across the entire web3, deploy and interact… pic.twitter.com/ckoplQbnMK
— Peersyst Technology (@Peersyst) June 30, 2025
XRP Price Prediction For July 2025 – Eyes Key Resistance After Side-chain Launch
(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.
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Key Takeaways
-
The new EVM-compatible sidechain lets Ethereum-based dApps run on the XRP Ledger, expanding its functionality and attracting more developers. -
XRP price analysis: XRP has been consolidating, but a daily close above $2.30 could signal a momentum shift and the start of a price rally. -
A drop below the $1.90 support level would weaken buying pressure and may lead to a retest of the important $2 psychological support. -
This integration bridges Ethereum and XRP ecosystems, likely increasing user activity and demand for XRP as the native token on the Ledger.
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