XRP Price Prediction: How XRPL EVM Upgrades Could Impact $1.50 Target

Also this release updates the sidechain dependencies. Cosmos SDK is now v0.50.9 for stability and Evmos v20 for the latest Evmos goodies. Together this makes the XRPL EVM Sidechain the foundation of smart contract development on the XRP Ledger.

Enhancements to Cross-Chain Compatibility

The XRPL EVM Sidechain bridges XRP Ledger’s native features with EVM compatibility. Using Axelar, this network connects the XRPL EVM Sidechain to over 55 other blockchains so you can build dApps that use XRP Ledger’s speed and EVM’s smart contract flexibility. eXRP will be the native asset for cross-chain transactions and will be seamless.

Key technical improvements include:

• Axelar Bridge: Facilitates XRP transactions across multiple blockchain networks.

• EVM Compatibility: Allows developers to use familiar tools and languages for smart contract deployment.

• dApp Integration: Supports innovative decentralized solutions using both XRP and EVM ecosystems.

Roadmap: Smart Contracts on XRP Ledger

The XRPL EVM Sidechain bridges XRP Ledger’s native features with EVM compatibility. Using Axelar, this network connects the XRPL EVM Sidechain to over 55 other blockchains so you can build dApps that use XRP Ledger’s speed and EVM’s smart contract flexibility. eXRP will be the native asset for cross-chain transactions and will be seamless.

XRP Price Prediction: Technical Analysis and Upgrades

XRP is consolidating at $1.07 after the big move up to $1.26. Down 3.91% in the last 24 hours but above key Fibonacci levels so the bullish trend is still intact.

Resistance at $1.08 (23.6% Fib) and then $1.26 (0% Fib) and $1.40. Above $1.26 and XRP could go to $1.53 (psychological level).

Below $1.08 and support is at $0.97 (38.2% Fib), $0.87 (50% Fib) and $0.78 (61.8% Fib).

The 50-day EMA at $0.67 is the long term support and the RSI at 79.93 is overbought so a short term pullback is possible. Watch for consolidation at the $1.08 pivot before the next move.

Conclusion

The XRPL EVM Sidechain v4.0.0 upgrade is a pivotal step forward, enhancing token management, cross-chain interoperability, and smart contract functionality. With its robust roadmap and focus on programmability, the XRP Ledger is poised to become a hub for decentralized innovation.