Wrapped XRP has started trading on Solana and Ethereum.

A New Contribution to the XRP Ecosystem by Hex Trust

Hex Trust aims to increase the 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 able to operate on Ethereum and other blockchains. Thus, investors will have the opportunity to use this asset in DeFi applications without unregulated third-party bridges.

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