Wrapped XRP has started trading on Solana and Ethereum.

A New Contribution to the XRP Ecosystem by Hex Trust

Hex Trust aims to enhance decentralized finance (DeFi) and cross-chain usage of XRP by launching wXRP, a wrapped version of XRP. With this new asset, the total value locked has reached over 100 million dollars.

wXRP will be tradable on Ethereum and other blockchains. This provides investors the opportunity to use this asset in DeFi applications without unregulated third-party bridges.

However, despite this launch, XRP's price continues to move within a certain range. XRP's price is facing significant supply resistance at around 2.05 dollars. Additionally, the area around 2.00 dollars stands out as a support point for demand.