XRP LEDGER has witnessed a historical step after the Peersyst Technology announced the official launch of a side network compatible with ETHEREUM Virtual Machine (EVM), which means that decentralized applications and smart contracts based on Ethereum can now work smoothly on the XRP notebook.
This update opens new doors to liquidity and adoption within the XRP system, and enhances hopes for the currency price move up in the coming days.
Decentralization applications from Ethereum up to XRP notebook
Through a post on the X platform, Peersyst has announced the full launch of the EVM side network on the XRP network, which is the backbone of global transfers provided by Ripple.
This step allows Ethereum applications to move to the XRP environment without the need for a radical amendment, which may lead to the flow of developers and new users to the system.
This step is a qualitative leap as it expands the scope of using the XRP notebook and gives it new capabilities, such as hosting decentralized financing applications (Defi) and NFTS in a way that is compatible with Ethereum structure scattered with the use of the original XRP network.
XRP is awaiting a technical penetration that may push it to rise by 10%
Technically, the daily graphic graphs of the XRP/USDT husband show that the currency has approached main resistance at $ 2.4399, a level that represents the minimum Fair Value Gap (FVG), and this level coincides with the peak achieved on May 16, and its penetration may end a period of price cohesion that lasted for nearly three months under the central resistance at $ 2.6549.
The upscale momentum is strengthened by the support of the main two principles:
The RSI Relativity Index records a reading at 53 and goes up, indicating the increasing purchasing pressure.
The MACD index shows green tapes over the neutral line, which enhances the hypothesis of the continuation of the upward trend.
If the daily candle is closed above the level of $ 2.4399, XRP is likely to go to a 10%increase, and perhaps test the $ 2.6549 level in the coming weeks.
A possible opposite scenario
Despite the positive indicators there is a possibility for the failure of the bullish move if the prices are closed below the support level at $ 2.1316, the lowest price recorded on June 24.
In this scenario, XRP may return to a $ 2.00 psychological level to collect liquidity from new buyers before any new climbing attempt.
