XRP received a notable boost in adoption as a new development within the Solana ecosystem was announced, coinciding with strong price rebounds for both XRP and SOL over the past day.
Shortly after a cryptic post on X featuring the XRP logo, Solana’s official channels confirmed the launch of a fully backed token that mirrors XRP on a one to one basis.
The new token, called wXRP, is issued through a collaboration with Hex Trust, which handles custody, and LayerZero, which provides bridging infrastructure.
This wrapped version of XRP is already verifiable on tokens.xyz and can be used across several Solana based decentralized finance platforms. These include Phantom, Jupiter Exchange, Titan Exchange, byreal_io, and Meteora.
The launch follows earlier plans by Hex Trust to expand XRP’s presence in decentralized finance across multiple blockchains, with Solana as the starting point.
The XRP community responded quickly, with John Squire describing the development as a major turning point.
The timing aligns with a broader market rebound driven by easing geopolitical tensions involving the United States, Israel, and Iran. XRP led gains on the day, rising above $1.50 for the first time in weeks, while Solana briefly moved past $90 before settling slightly lower.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
