"Every wXRP token is backed 1:1 by native XRP sitting in segregated custody with Hex Trust, a regulated digital asset custodian based in Hong Kong."
"LayerZero processed over 85 million cross-chain messages in 2025, and the OFT standard lets wXRP move between Solana and future chains like Ethereum, Optimism, and HyperEVM without going through a third party that adds risk."
"XRP has gained over 5% on the day to hit $1.50, outperforming Bitcoin, Ethereum, and Solana, driven by the Solana announcement."
"Breaking $1.50 was a big deal because of how many times XRP had stalled there, but it doesn't mean the hard part is over."
wXRP operates on the Solana blockchain, backed 1:1 by XRP held in custody with Hex Trust. Utilizing LayerZero's OFT standard, wXRP facilitates secure cross-chain transactions. Solana's DeFi ecosystem is robust, processing over 30 million transactions daily. wXRP allows trading on various platforms and interacts with Ripple's RLUSD stablecoin. XRP's recent rally to $1.50 is attributed to the Solana announcement and broader market trends. Breaking the $1.50 resistance is significant, with XRP now trading above its 50-day EMA, indicating potential upward momentum.
Read at 24/7 Wall St.
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