- Ripple’s XRP Laser Blockchain Mennet can run atherium-compatible smart contracts after launch.
- Ethereum-based Dapps and smart contracts can now run on laser and XRP ecosystem.
- The XRP can rally a 10% rally and resist at a high level of $ 2.4399 on 16 May.
Peersist technology, which manufactures XRP laser blockchain, made a significant announcement on Monday. The developers welcomed the protocol in the XRP laser through the launch of the ethrium-based decentralized applications (DApps) and a new sydchain.
Mennet roll-out makes the atherium-based applications compatible with the XRP laser to open the gate for liquidity and user activity in the XRP ecosystem.
XRPThe native token of XRP laser can benefit from development.
XRP laser opens the doors for atherium-based applications
Through an announcement on X, Peersyst launched a new era of Sidechain applications of the XRP laser. The company announced the launch of the EVM-computable sideed on the XRP laser, which is the blockchain used by the payment remittance veteran Ripple.
Ripple cross-border payments, crypto liquidity and Central Bank using XRP laser for digital currency services, in other use cases. The dependence of the huge on XRP laser and its original tokens, XRPCan promote adoption and utility of tokens, usually higher driving prices in long periods.
XRP can rally around 10%
The XRP/USDT daily price chart shows that the token has been received slightly on Monday. The XRP has been in a bottom trend and is now consolidated under $ 2.6549 resistance for about three months. The $ 2.4399 level may indicate the end of a daily candlestick consolidation above resistance.
The $ 2.4399 resistance coincides with the lower range of a fair price difference (FVG) on the daily time frame.
Two major motion indicators, the relative power index (RSI) and the moving average convergence deviation (MACD) support a speeding thesis for the XRP. The RSI reads 53 and sloping upwards, while the MACD glows green histogram bar above the neutral line.
XRP/USDT Daily Price Chart | Source: TardingView
In contrast, on 24 June, a daily candlestick may invaluate the thesis of a daily candlestick profit and push altcoin to collect liquidity at a level of $ 2 under support at a low of $ 2.1316, a psychologically important support level.
