XRP is set to gain broader access to decentralized finance as wrapped XRP (wXRP) rolls out across major blockchain networks including Ethereum, Solana, Optimism and HyperEVM, enabling cross-chain exposure without the use of unregulated bridge infrastructure.
Hex Trust said it will issue and custody the token, which is fully backed on a 1:1 basis by native XRP. The product is designed to push XRP beyond the confines of the XRP Ledger, allowing it to function across DeFi protocols alongside Ripple’s RLUSD stablecoin.
The initial deployment is expected to launch with more than $100 million in total value locked, delivering immediate liquidity and reducing onboarding friction. Authorized merchants will be able to mint and redeem wXRP through an automated, regulated process, with all underlying XRP held in segregated, institutional-grade custody.
By avoiding third-party bridges, the structure allows XRP to be used in swaps, liquidity provisioning and collateral strategies across DeFi platforms. RippleX said the initiative reflects rising institutional interest in deploying XRP and RLUSD throughout the broader crypto ecosystem.
Despite the constructive long-term implications for utility and adoption, the announcement failed to spark immediate upside, indicating that traders remain focused on wider market positioning and macro-driven flows.
Technical Analysis
XRP continues to trade in a consolidation phase, with consistent buying interest emerging near the $2.00 psychological level and supply capping advances above $2.05. The failure to push beyond resistance despite supportive fundamentals suggests active distribution rather than momentum accumulation.
Repeated defenses of the $2.00–$2.02 area indicate longer-term holders remain comfortable supporting price in that zone. However, each rally toward $2.04–$2.06 has been met with volume-backed selling, reinforcing the view that larger participants are using strength to rebalance exposure.
Short-term structure remains neutral to bearish while XRP trades below the $2.06–$2.08 supply band. A decisive close above that region would be required to shift bias toward trend continuation rather than range-bound behavior.
Price Action Summary
XRP edged 0.56% higher to $2.0341 but underperformed the broader crypto market by roughly 1.17%. Trading volume rose 12.34% above weekly averages, pointing to institutional participation despite limited net price movement.
The session low formed near $1.985 following a sharp selloff on elevated volume, before buyers stepped in to reclaim the $2.00 handle. Price later stabilized between $2.02 and $2.04, with upside capped into the close.
Elevated volume paired with muted follow-through supports the view that the session reflected repositioning rather than fresh directional conviction
What Traders Should Know
XRP remains range-bound, with $2.00–$1.985 acting as the key demand zone and $2.05–$2.06 defining near-term supply. Persistent volume without expansion suggests continued distribution into strength rather than accumulation.
While the Hex Trust wXRP rollout strengthens XRP’s long-term DeFi and cross-chain narrative, near-term price action continues to be governed by technical structure and relative market rotation.
Until XRP can reclaim and sustain levels above $2.06, rallies are likely to face selling pressure. A break below $1.985 would expose downside toward the mid-$1.90s, while a confirmed close above resistance could reopen upside toward the $2.12–$2.18 range.
For now, XRP remains a tactical range trade rather than a confirmed breakout candidate.
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