Peersyst Technologies confirmed that XRPL EVM is already live on testnet and will bring Ethereum smart contracts and decentralized applications to XRP

Quotes that support claims

Currently in testnet, the EVM sidechain is being developed by Ripple and Peersyst using the evmOS software stack. It will connect to the XRPL mainnet via an Axelar bridge, enabling asset transfers such as wrapped XRP, which will function as the native gas token.