Ripple and Peersyst Technology Collaborate to Launch EVM-Compatible Sidechain for XRP Ledger by 2025

Crypto FrenzyWednesday, Jun 11, 2025 7:48 pm ET
4min read

XRP's latest price was $2.27, down 1.621% in the last 24 hours. Ripple and Peersyst Technology have announced a significant collaboration to launch an Ethereum Virtual Machine (EVM)-compatible sidechain for the XRP Ledger by summer 2025. This initiative aims to integrate Ethereum’s smart contract capabilities directly into XRPL, expanding its utility and attracting a broader developer base accustomed to Ethereum tools. The sidechain will utilize wrapped XRP (wXRP) as gas tokens, facilitating efficient transaction processing and lower fees, which are common pain points for Ethereum users. This interoperability is expected to boost liquidity and user engagement by enabling cross-chain asset transfers, particularly through integrations like Axelar’s cross-chain bridging technology. Industry experts highlight that such interoperability can unlock new financial products and services, further solidifying XRPL’s position in the competitive DeFi market.

Ripple’s partnership with Peersyst Technology reflects a strategic effort to broaden the XRP Ledger’s appeal and functionality. By incorporating Ethereum’s smart contract environment, Ripple is effectively lowering the entry barriers for developers who have traditionally focused on Ethereum’s ecosystem. This collaboration is expected to accelerate blockchain adoption by providing a more scalable and cost-effective alternative for deploying decentralized applications (dApps). Moreover, the sidechain’s launch aligns with Ripple’s broader vision of fostering a multi-chain future where interoperability drives innovation and user growth. Historical precedents, such as Cardano’s recent integration of EVM compatibility, offer valuable insights into the potential impact of this development on XRPL. Cardano’s move resulted in increased asset utility, a surge in developer activity, and expanded project ecosystems. Ripple’s initiative is poised to replicate these benefits by attracting Ethereum developers and DeFi projects to XRPL’s high-performance network. Industry analysts expect this to translate into enhanced liquidity, diversified use cases, and a more vibrant community by 2025. Ripple’s focus on interoperability and developer engagement underscores its commitment to evolving XRPL into a leading multi-chain platform.

More than $151 million worth of XRP was withdrawn from Binance on June 11, according to on-chain data. This dramatic jump in outflows follows a much smaller $23 million recorded the previous day, hinting at a sudden and strategic move by XRP holders. Such a rise in exchange outflows is usually an indication of increasing confidence in the digital asset. When huge quantities of a token are withdrawn from exchanges, it is a sign that those holding it are not looking to sell at that time. Rather, it is possible that they are accumulating their XRP in cold wallets, which is sometimes a precursor to holding for long periods. What stands out the most here is the scale and timing. A sixfold increase in outflows within 24 hours rarely occurs without a cause. Although the real reason behind the move remains unverified, such action is normally observed before possible price increases, as traders attempt to anticipate what they believe will be a bullish momentum. The XRP outflows indicate the actions of knowledgeable investors. This is a reminder to new investors to watch out for on-chain signals. A massive withdrawal does not necessarily imply a rise in price, but it usually reflects what knowledgeable investors are doing. It’s also a reminder of the growing role that exchange activity plays in market analysis. Exchange inflows usually indicate selling pressure. Outflows often suggest the opposite. That’s why traders who stay ahead look at more than just charts: they track where the money is moving. It will be interesting to see whether this is the beginning of a long-term trend or a one-off occurrence. The transfer is a useful hint to those who own XRP or are planning to, enabling them to make informed decisions. While this transfer could mean nothing, it could also indicate that smart money is already on the move.

Earlier, VivoPower, a publicly traded company, and blockchain network Flare announced a partnership to enable the former to earn passive income with its XRP holdings. This partnership is significant as it allows VivoPower to leverage its XRP holdings to generate additional revenue streams, showcasing the versatility and utility of XRP in various financial applications. The collaboration between VivoPower and Flare highlights the growing ecosystem around XRP and its potential to drive innovation in the blockchain space. This development is expected to attract more companies to explore the benefits of holding and utilizing XRP, further enhancing its position in the market.

XRP is approaching a critical breakout level near $2.33, signaling a potential shift in market momentum for this prominent altcoin. Technical indicators such as RSI, EMAs, and Ichimoku Clouds are aligning to suggest a bullish trend, while market sentiment hinges on a decisive daily close above resistance. According to sources, Ripple CEO Brad Garlinghouse envisions XRP capturing 14% of SWIFT’s global payment volume within five years, fueling long-term optimism. XRP is currently testing a crucial resistance level at approximately $2.33, a price point that traders and analysts identify as a key barrier to sustained upward movement. The daily candlestick closing above this threshold is widely regarded as a trigger for a strong bullish run. Technical analysis reveals that XRP’s Relative Strength Index (RSI) has moved into bullish territory, indicating increasing buying pressure. Additionally, the Exponential Moving Averages (EMAs) have crossed favorably, reinforcing the positive momentum. The Ichimoku Cloud, a comprehensive indicator measuring support and resistance, is on the verge of flipping from bearish to bullish, which could further validate the breakout scenario. This confluence of technical signals suggests that XRP is building momentum on the daily timeframe, positioning it for a potential surge if key levels are breached. Market participants are closely monitoring XRP’s price action as it compresses within a narrowing range just below a long-standing descending resistance line. Crypto analyst EGRAG Crypto highlights that this consolidation phase represents a critical decision point for XRP. A clean breakout above $2.35 could catalyze rapid gains, while failure to maintain support levels might lead to a bearish reversal. The tightening price range indicates diminishing volatility, often preceding significant directional moves. Traders are advised to watch for volume confirmation alongside price action to validate any breakout. The prevailing question remains whether XRP will break out to the upside or succumb to downward pressure, a scenario that would shift market sentiment considerably. Beyond technical factors, fundamental developments are also bolstering XRP’s long-term prospects. Ripple’s strategic vision and ongoing partnerships are positioning XRP for sustained growth and increased adoption in the global payment ecosystem. The company’s focus on interoperability and innovation continues to drive its efforts to expand the utility of XRP, making it a key player in the future of digital assets.