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.
Breakout is Coming
Analyst Casi Trades says XRP’s breakout is happening, but one key thing is still needed. The price is pushing toward $2.30, and the next big moment is whether it can hold $2.25 as new support after a pullback. If this level holds, it confirms real strength in the move. Momentum indicators like RSI are still strong, showing no early signs of weakness.
If all goes well, the next targets are $2.69 and $3.04, with more upside possible after that. “Now, we’re watching for #XRP to revisit $2.25 and hold it cleanly. If it does, that’s the base for the move we’ve been waiting for. Breakout season is just getting started,” the analyst said.
The EVM sidechain launch adds value to Ripple’s long-term plans, but it hasn’t triggered a big rally yet.
