XRP Ledger’s Game-Changer: Ethereum Smart Contracts Integration Sparks 10% Rally
The XRP Ledger just dropped a bombshell—Ethereum smart contracts are coming onboard. Cue the market frenzy.
Price action explodes
XRP immediately surged 10% on the news, leaving slow-moving traders scrambling. The integration bridges two crypto ecosystems that previously operated in parallel universes—now they're colliding with algorithmic force.
Wall Street's reaction? Typical. Institutional analysts are still debating whether this qualifies as 'real innovation' while retail traders front-run their eventual FOMO. The ledger upgrade effectively turns XRP into a dual-threat asset—payments powerhouse meets DeFi playground.
Smart contracts arrive kicking down doors
No gentle rollout here. The implementation uses an EVM-compatible sidechain, meaning Ethereum developers can port dApps with minimal friction. Suddenly those 'XRP has no utility' arguments look painfully outdated.
Market impact beyond the pump
This isn't just about short-term gains. The move positions XRP as a potential hub for cross-chain activity—with Ripple's existing banking relationships providing a compliance-friendly edge over pure DeFi plays. Of course, the SEC might still have something to say about that.
Closing thought: Watching crypto traditionalists and Ethereum maxis forced to acknowledge this development? Priceless—unlike those gas fees ETH holders keep complaining about.
XRP Ledger opens doors to Ethereum-based applications
Through an announcement on X, Peersyst ushered in a new era of XRP Ledger’s sidechain applications. The company announced the mainnet launch of an EVM-compatible sidechain on the XRP Ledger, the blockchain used by payment remittance giant Ripple.
Ripple uses the XRP Ledger for cross-border payments, crypto liquidity and central bank digital currency services, among other use cases. The giant’s reliance on the XRP Ledger and its native token, XRP, could boost the adoption and the utility of the token, typically driving price higher in the long term.
XRP could rally nearly 10%
The XRP/USDT daily price chart shows the token gained slightly on Monday. XRP has been in a downward trend and has consolidated under the $2.6549 resistance for nearly three months now. A daily candlestick close above the resistance at the $2.4399 level could likely signal the end of the consolidation.
The $2.4399 resistance coincides with the lower boundary of a Fair Value Gap (FVG) on the daily timeframe.
The two key momentum indicators, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), support a bullish thesis for XRP. RSI reads 53 and is sloping upward, while the MACD flashes green histogram bars above the neutral line.
XRP/USDT daily price chart | Source: TradingView
Conversely, a daily candlestick close under support at the June 24 low of $2.1316 could invalidate the thesis of gains and push the altcoin to collect liquidity at the $2 level, a psychologically important support level.
