XRP gained a fresh adoption boost after the Solana ecosystem launched a wrapped version of the token on its network.
The new asset, dubbed wXRP, is a 1:1-backed token redeemable for XRP and is enabled through a partnership with Hex Trust and LayerZero.
“The flip just switched,”
Said crypto commentator John Squire, reflecting bullish sentiment among XRP supporters following the announcement.
The wrapped token is immediately usable across Solana-based DeFi platforms, including Phantom wallet, Jupiter Exchange, Titan Exchange, byreal_io, and Meteora, expanding XRP’s utility beyond its native network.
The launch follows Hex Trust’s earlier commitment to broaden XRP’s DeFi presence across multiple blockchains, with Solana serving as the initial integration point.
Market reaction was swift, with XRP rising above $1.50 for the first time in nearly a month, while Solana’s SOL token briefly climbed past $90.
The gains come amid a broader crypto rally driven by easing geopolitical tensions, reinforcing momentum across major digital assets.
At the time of reporting, Solana price was $88.89.