XRP Price Prediction: Can XRP Hit $4 After XRPL EVM Sidechain Launch?

XRP (XRP) has gone up by 1.2% in the past 24 hours but, behind that mild price increase, there has been a significant spike in trading volumes.

During this period, $2.4 billion worth of XRP has exchanged hands, representing an 83% increase.

Just hours ago, Ripple announced the official launch of its Ethereum-compatible sidechain called the XRPL EVM Sidechain.

Moving forward, developers will be able to deploy their EVM-compatible decentralized apps (dApps) on the Ripple blockchain and, with the help of Wormhole, interoperability will soon be possible.

The Ripple ecosystem could expand rapidly as a result of this achievement as deploying EVM dApps will be easier and cheaper now.

This blockchain offers fast execution speeds of 1,000 transactions per second and low fees. This could mark the beginning of a new era for Ripple now that it has left behind its legal issues with the United States Securities and Exchange Commission (SEC).

The launch of the XRPL EVM Sidechain could drive higher demand for XRP as the Ripple network’s utility token and could be the catalyst that propels it to the $4 level.

XRP Price Prediction: XRP Could Rise to $2.6 After This Buy Signal

Looking at the 4-hour chart we can see that XRP has managed to stay above the $2.06 level during the weekend, which is a great sign as crypto price action tends to be bearish from Friday to Sunday.

The 9-period and 21-period exponential moving averages (EMAs) have now crossed above the 200-period EMA. This is a powerful buy signal that supports a bullish XRP price prediction.

After a descending price channel breakout and with this kind of project-specific tailwind, XRP has the required ingredients for its next leg up.

The Relative Strength Index (RSI) currently sits at 63, confirming the strength of this latest uptrend.

The nearest key resistance to watch sits at $2.33, implying a 5% upside potential in the near term.

However, if the market starts to acknowledge the huge impact that the latest news could have on the expansion of Ripple’s ecosystem, we could see the token rising above $2.6 and then $3 shortly.

In the meantime, the best crypto presales like Bitcoin Hyper (HYPER) also offer an appealing upside potential. This project aims to tap into the unlocked potential of BTCFi and it has a robust plan to achieve this.

Bitcoin Hyper (HYPER) Nears $1.8M Raised to Launch its Solana-Based L2

Bitcoin Hyper (HYPER) is an ambitious project that aims to expand BTC’s decentralized finance (DeFi) ecosystem through the launch of a Solana-based sidechain.

BTC investors have always been reluctant to convert their assets into some other token. To fully unlock the untapped potential of this $2 trillion asset, this L2 allows them to earn yield, stake, and lend BTC without leaving the Bitcoin blockchain.

A designated Bitcoin wallet address will receive users’ BTC tokens and will immediately mint them on the Bitcoin Hyper L2 to access its ample ecosystem dApps.

The demand for $HYPER, the native asset of this blockchain, will rise rapidly after the L2 is launched and embraced by Bitcoin maximalists.

To cash in on its bull run, you can head to the Bitcoin Hyper website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH for this token or use a bank card to invest.