Ripple’s XRP has captured market attention this week following the official launch of its long-awaited EVM-compatible sidechain on the mainnet. This advancement enables Ethereum-based smart contracts to operate directly on the XRP Ledger, paving the way for more efficient and cost-effective decentralized applications, wallets, bridges, and other blockchain solutions. The development marks a major milestone in Ripple’s expanding ecosystem, and investors are closely monitoring its impact on price action.
XRP is now trading between $2.20 and $2.23, just below a significant resistance level. The price has been trying to maintain the $2.20 level after momentarily breaking above it during the last 12 hours. Although bullish momentum remains moderate, technical indicators point to a possible upward breakout.
If buyers can push and maintain the price over $2.21, XRP may move above $2.25 very rapidly. The next resistance zone is anticipated to be between $2.31 and $2.35. On the flip side, the asset shows reliable support between $2.14 and $2.10, with stronger downside protection near $1.95 should broader market conditions weaken.
Analyst Casi Trades believes the XRP breakout is unfolding, but one crucial confirmation is still pending. The price is advancing toward $2.30, with the key test being whether it can establish $2.25 as solid support after a pullback. Holding this level would validate the strength behind the current upward move. Momentum indicators such as the RSI remain positive, showing no immediate signs of a reversal.
If support at $2.25 remains intact, the next bullish targets are $2.69 and $3.04, with the potential for further gains beyond that. “We’re now focused on seeing #XRP retest $2.25 and hold above it cleanly. If that happens, it sets the stage for the breakout we’ve been anticipating. The expert said, “The rally phase is just getting started.”
While the EVM sidechain launch significantly enhances Ripple’s long-term ecosystem, it has yet to spark a substantial price surge.
