XRP Price Rises As EVM Sidechain Launch And Institutional Tokenization Drive Momentum

Ripple XRP/USD rose above $2.20 on Wednesday. A golden cross formation on the 50 and 200-day period EMAs is in sight, signaling a potential upside if the momentum continues. The price is boosted by institutional adoption milestones and a confirmed roadmap for Ethereum Virtual Machine compatibility on the XRP Ledger.

RippleX and Peersyst Technology announced that the long-awaited XRPL EVM sidechain will go live on the mainnet in Q2 2025. The update, revealed by Ripple Chief Technology Officer David Schwartz and Head of Product Management Jaazi Cooper, brings complete Ethereum ETH/USD compatibility to XRPL, enabling Solidity-based decentralized applications to deploy natively on the ledger.

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Ondo Finance’s OUSG token, representing short-term U.S. Treasuries and backed by BlackRock Inc’s BLK BUIDL fund, has launched on the XRP Ledger. According to RippleX, institutions can mint and redeem OUSG around the clock using RLUSD, unlocking instant settlement without reliance on traditional banking hours.

Bloomberg reports that Guggenheim Treasury Services, supported by Ripple’s $10 million strategic investment, has scaled its digital commercial paper program via the ledger. The Prime-1–rated asset, issued by Zeconomy, enables institutions to access regulated short-term debt products using blockchain infrastructure, expanding XRPL’s footprint in compliant financial markets.

Ripple’s broader push into tokenized finance underscores a transformation from payments rail to a full-stack financial layer. The ledger supports smart contract integration, real-time liquidity for Treasuries, and on-chain issuance of regulated debt, elements positioning it as infrastructure for the next phase of institutional crypto adoption.

Peersyst Technology reports 87 new contributors in the past two months, with XRPL EVM testnet activity exceeding 280,000 daily transactions. Developers are actively exploring Ethereum-style tooling on a network known for low fees, fast finality, and built-in compliance features.

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U.S. spot Bitcoin BTC/USD ETFs are expected to cross $1 trillion in cumulative trading volume within 48 hours, with BlackRock’s iShares Bitcoin Trust IBIT commanding roughly 80% market share. The institutional flow has buoyed altcoin markets, including XRP.

XRP’s RSI sits at 61.6, well within neutral territory, suggesting balanced momentum. On the Ichimoku Cloud, price candles hold above both the Tenkan-sen and Kijun-sen, with current and projected clouds showing green. Analysts view these signals as supportive of sustained bullish movement.

A confirmed golden cross may drive a breakout above $2.35, with short-term targets at $2.47 and $2.65 if volume holds. Support at $2.26 remains key. A close below could invite a pullback toward $2.05. Traders are closely watching macro triggers, including U.S. Consumer Price Index data and potential Senate action on the GENIUS Act. The bill would impose full reserve requirements and audits on stablecoin issuers with over $50 billion in circulation.

Uphold CEO, Simon McLoughlin, confirmed to The Block that FT Partners has been retained to explore a U.S. initial public offering or acquisition. The platform is integrating with Flare Network to offer XRP staking yields and plans to launch a debit card with XRP-based rewards in the U.S., further embedding the token in mainstream financial services.

As institutional tokenization accelerates with over $1 billion in on-chain Treasuries and projections topping $16 trillion by 2030, Ripple’s positioning becomes increasingly strategic. Investors should monitor key on-chain signals such as active addresses, OUSG liquidity, and DCP issuance volumes. XRP sits at a pivotal point, where continuation requires momentum, and support must hold as macro and regulatory headwinds evolve.

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