**RippleX Announces Significant Update for XRP Ledger EVM Sidechain**

Summary: RippleX has announced a major update for the upcoming XRP Ledger Ethereum Virtual Machine (EVM) sidechain, signaling hope for a potential price recovery of XRP. The new developments aim to enhance the functionality and scalability capabilities of the XRPL. If successful, it could lead to renewed interest in XRP, potentially triggering a price rally.

RippleX, an extension of Ripple and an open developer platform, has shared new updates for the upcoming XRP Ledger Ethereum Virtual Machine (EVM) sidechain. This major update, revealed via an X (formerly Twitter) post, signifies a significant step forward for the XRPL ecosystem and its integration with the EVM sidechain.

The XRPL EVM sidechain, designed to bridge Web3 applications to XRPL, aims to improve the functionality and scalability capabilities of the ledger. The recent announcement by RippleX has generated optimism within the XRP community, with expectations of a potential price resurgence for XRP.

Peersyst Technology, a blockchain technology firm and an XRPL EVM developer, shared that the XRPL ecosystem is nearing the launch of its highly anticipated sidechain. The development team has also officially published the XChainBridge public amendment, which is currently open for voting and has garnered significant support from validators.

Furthermore, RippleX has provided updates on the stringent audit processes undergone by the XRPL EVM sidechain, ensuring its security and reliability. Additionally, the sidechain’s progress to integrate with Cosmos, a blockchain network utilizing the support of Evmos, has been disclosed, along with the development of a new User Interface (UI) and a Software Development Kit (SDK) for developers.

The XRPL EVM sidechain’s potential as a game changer for the price of XRP lies in its capacity to enhance transparency, security, and speed within the XRP Ledger. This positive development could reignite interest in XRP, potentially leading to a price rally and breaking the resistance currently seen at $0.55.

**Can This Trigger A Price Recovery?**

The latest updates for the XRPL EVM sidechain offer the potential for a substantial impact on the price of XRP. If successful, these developments could lead to a renewed interest in XRP, triggering a price rally and signaling a resumption of the upward momentum.

Despite XRP’s recent struggle, trading at $0.51 with a 9.63% loss in the last seven days, the integration of the EVM sidechain could introduce positive changes and propel a recovery in the price of XRP.

**FAQ**

*Q: What is the XRPL EVM sidechain?*
A: The XRPL EVM sidechain is an upcoming integration with the XRP Ledger, designed to bridge Web3 applications to XRPL and improve the ledger’s functionality and scalability capabilities.

*Q: How could the integration of the XRPL EVM sidechain impact the price of XRP?*
A: The integration of the XRPL EVM sidechain could lead to renewed interest in XRP, potentially triggering a price rally as the developments aim to enhance transparency, security, and speed within the XRP Ledger.

*Q: What updates have been provided for the XRPL EVM sidechain?*
A: RippleX has announced the XChainBridge public amendment, undergone stringent security audits, and shared progress on integrating with Cosmos, along with the development of a new User Interface (UI) and a Software Development Kit (SDK) for developers.

*Q: What is the current price of XRP?*
A: XRP is currently trading at $0.51, with a 9.63% loss in the last seven days, according to data from Coinmarketcap.