$XRP
At the time of writing this analysis, XRP is trading at $2.17 — just below the important resistance level of $2.23. The altcoin is awaiting strong bullish signals to overcome this barrier.
One possible catalyst could be the launch of a new sidechain. If everything goes well, the demand for the token from new investors could significantly increase, supporting price growth.
Recent partnership of Ripple with Wormhole should provide multi-chain interoperability for XRPL with the upcoming launch of the XRPL EVM sidechain. The novelty is expected to debut in the third quarter. If the hype before the event increases demand, XRP will have a chance to overcome the resistance at $2.23 and likely reach $2.27 or go higher.
However, delays in the launch of the sidechain threaten to provoke a sell-off of XRP, which could reduce the price to $2.08.
