RIPPLE SIDECHAIN

Ripple announced that they will be creating a side chain for XRP which will be using the Ethereum virtual machine for smart contracts. There is no doubt that the Ethereum Virtual Machine support has contributed to the growth of many Ethereum competitors such as harmony and Phantom. If XRP has an Ethereum virtual machine, it will be very bullish for XRP. Of course, this will be based on how fast the XRP EVM side chain would be. The EVM is only limited to a few hundred transactions per second. This means that Ripple will still do some things to improve its TPS.

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I think it won't be a hard thing to do because avalanches near the protocol Aurora layer and Solana's upcoming neon uses the Ethereum virtual machine and they can process thousands of transactions per second. XRP has a huge community of holders and that is a major advantage XRP would have over EVM chains. Ripple also has its disadvantage who is the only big crypto that is been called security by the SEC. Now, Ripple has gained access to documents that have to do with the former sec director. The document is useful because the former sec director of Ethereum's ETH is not a security.

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The documents could share light on what is happening at the SEC, it could help in many different in the Ripple defense against SEC. You should forget that Ripple and SEC case is about three years now. SEC also has a case against a crypto project called LBRY. Even if Ripple comes with their EVM side chain now, it won't have a huge significance because we are in the bear market. Many people can just buy the rumor and sell the news.