New Crypto Launches Improving Solana, Bitcoin Next

XRP joined the rest of the market in marking a noticeable rally following an announcement that Ripple Labs – the company behind XRP Ledger (XRPL) – is set to launch an Ethereum Virtual Machine (EVM)-compatible sidechain before the end of Q2 2025. 

The company’s director of product management Jaazi Cooper and chief technology officer David Schwartz gave the update at the ongoing XRPL Apex summit in Singapore. 

This news, coupled with the escalating bullish momentum in the broader market, has brought XRP into the spotlight once again, with several analysts eyeing a return to its multi-month highs above $3 in the coming weeks. 

At the time of writing, the fourth-largest crypto by market has gone up 5% on the daily chart to reclaim the $2.3 mark. 

Is XRP the best crypto to buy now?

XRP Ledger to Launch Its EVM-Compatible Sidechain This Month

Following a successful testnet, the stage is now set for the XRPL EVM-compatible sidechain to go live on mainnet. 

At the ongoing three-day Apex summit (June 10 – 12), which brings together developers, researchers, innovators, and blockchain enthusiasts from around the world, Ripple’s execs – Jaazi and David – confirmed that the launch will happen before the end of Q2 2025. 

Built using the evmOS stack, the core purpose of this upcoming sidechain is to expand the XRP Ledger’s capabilities, allowing it to seamlessly support Ethereum-based smart contracts and decentralized applications. 

Fundamentally, this solution reflects Ripple’s bid to usher in a new era that extends beyond remittances and positions XRPL as a hub for diverse applications. And because it runs as a sidechain, the new features will be integrated without altering the XRPL’s core architecture. 

So far, its testnet – which started earlier this year – has been a success, attracting new contributors such as Strobe Finance, Vertex Protocol, and Secured Labs, all of whom are now actively developing infrastructure and applications on the network. 

Per data from Peersyst Technology – a validator and contributor to the XRPL – the EVM-compatible sidechain covers 87 different entities, including DeFi apps, NFT platforms, oracles, and indexers, making it an effective tool for facilitating the largest onboarding of users and projects in the XRP ecosystem. 

After all, it will connect the XRPL mainnet to more than 69 blockchains supported by Axelar, significantly broadening its developer base. 

With its full launch expected in the coming weeks, many believe this forward-thinking project could expand the utility of XRP, establishing it as a key player in the future of decentralized finance and blockchain technology. 

XRP Price Outlook

A quick look at the XRP’s daily chart suggests that bulls are attempting to close above the immediate resistance at $2.35. Currently, the altcoin is oscillating between the $2.28 and $2.36 level. The bulls are showing a strong grip, as they have established a strong support around $2.28, coinciding with the 50-day MA. 

Similarly, the token is neither in the overbought nor the oversold territory since its RSI is 54.65, leaving space in both directions in case of a possible price expansion. 

A close watch is being given by traders to the $2.36 resistance level. Once breached, we may witness XRP exploring higher regions of $2.51, $2.65, and potentially $2.82.

The MACD indicator also stays in positive territory, confirming the possibility of a bullish continuation. Nevertheless, the chart shows a very healthy consolidation channel, and investors need to be wary of pullbacks. 

Additional selling pressure may be witnessed in the market should the $2.36 resistance prove too strong. In such a case, the XRP price will retest the $2.28, $2.24, and $2.12 support zones.  In the meantime, the buy signal displayed by the MACD encourages traders to rally behind XRP.

Derivatives Market Analysis Also Suggests Growing Investor Interest

The XRP derivatives market is displaying some positive movement as the trading volume has gone up by 1.23% to $4.87B, and the open interest has risen by 3.45% to $4.39B. The XRP options volume has exploded by 189.42% to $1.17K, and the options open interest has also increased by 9.10% to $810.83K. 

The Long/Short ratio is 0.95 in the last 24 hours, and Binance XRP/USDT accounts indicate a ratio of 2.42, which is a sign of a very bullish attitude among traders. Also, top traders on Binance XRP/USDT are considerably biased towards longs, with the ratio of 2.84, indicating bullish sentiment.

XRP Price Prediction 

XRP is among the string of blue-chip altcoins that experts believe could rise at a steady pace as Bitcoin continues its forward march to the monumental $150k milestone. 

This comes as no surprise, considering Ripple’s strategic expansion across the blockchain space, as demonstrated by the launch of an EVM-compatible sidechain for XRPL. 

Basically, the new architecture amplifies XRPL’s capabilities by merging its fast and low-cost attributes with Ethereum’s smart contract functionalities. If the project launches as scheduled, it could potentially fuel a parabolic price action for XRP in the coming weeks. 

Similarly, all eyes will be on June 16 – the date on which the SEC is expected to report the $50 million settlement with Ripple to the Appeal Court. Should the court approve the settlement, it could mark the end of the long-running battle between the two entities – potentially pushing the XRP price to new highs in June. 

As XRP Ledger Improves Its Own Chain, Two New Crypto Launches Set Their Sights on Upgrading the Bitcoin and Solana Networks

The increasing demand for a blockchain architecture that scales effectively and fosters smoother smart contract interactions has sparked a wave of innovations, with sidechain being one of the most popular among them. 

The whole idea is to relieve the workload on main chains while providing the flexibility that developers need to build innovative DeFi applications. 

Take for instance the upcoming XRPL EVM-compatible sidechain – it brings Ethereum’s smart contract capabilities to the network, thereby eliminating the technical bottlenecks limiting its DeFi’s programmability. 

However, the XRP Ledger isn’t the only popular Layer 1 blockchain poised for such a major upgrade. 

Even Solana, a top-tier hub for meme coins, is already preparing for a significant shake-up that will address all the pain points faced by users, including frequent slowdowns, congestion, and network outages, especially during peak cycles. 

Solana’s transformation is powered by Solaxy – a new crypto project featuring a modular Layer-2 solution that delivers lightning-fast transaction speed and high interoperability using zero-knowledge rollup mechanics, off-chain execution, and advanced developer tooling.  

This makes it a game-changer for DeFi applications, NFT projects, and GameFi applications relying on Solana for scalable and sustainable experience. 

The project’s testnet is live already and the mainnet is scheduled for launch later this month – coinciding with XRPL’s sidechain debut timeline. 

It’s little wonder that its presale has been a resounding success, with over $47 million raised to date. And with just four days to go, experts are already calling it the next 100x play.

Meanwhile, Bitcoin isn’t being left out of the ongoing blockchain revolution – all thanks to Bitcoin Hyper. A next-gen Layer 2 protocol, this project seeks to make Bitcoin fast, affordable, and flexible enough to accommodate real-world applications. 

It combines four notable tools – the Canonical Bridge, Settlement System, SVM, and Zero-knowledge proofs – to make people do things that were once impossible in the Bitcoin ecosystem. 

For those interested in DeFi but unwilling to leave the Bitcoin ecosystem, Bitcoin Hyper makes that possible – without sacrificing security. 

The $HYPER token ties the whole system together, acting as the fuel that makes the network run, lets people stake, and vote on governance. 

Unsurprisingly, the token has already raised over $1 million within a few days of going live on presale, with smart money investors and analysts anticipating anywhere between 50x and 100x growth upon launch. 

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