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The XRP market has welcomed a significant breakthrough, with prices breaking the $2.20 barrier at the beginning of July. This rise is closely related to the highly anticipated launch of Ripple's EVM sidechains. The introduction of EVM sidechains marks a major upgrade for the XRP ecosystem, bringing it smart contract capabilities compatible with Ethereum, significantly expanding its range of applications.
This technological breakthrough enables XRP to support a variety of decentralized applications (dApps), new types of wallets, and cross-chain bridges, which is expected to attract more developers and investors to participate in its ecosystem. Currently, the altcoin market is generally showing a rising trend, and XRP's performance is in line with the overall market sentiment.
Renowned cryptocurrency analyst CasiTrades has made a prediction about the future trend of XRP. He pointed out that the current price movement of XRP is consistent with the upward path he previously expected. Although the price has reached $2.30, a short-term pullback to around $2.25 may occur. CasiTrades believes that $2.25 is a key support level, and this pullback may be a necessary consolidation before further rise.
With the successful launch of EVM sidechains and the continuous positive market sentiment, industry insiders are generally focusing on whether XRP can break through the 3-dollar mark by the end of July. However, investors still need to be cautious and closely monitor market trends and technological developments to make informed investment decisions.