ALØNDRACRYPTØ
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$XRP Hello everyone! I have great news for the XRP community, although, honestly, the market is still processing it.
The institutional custodian Hex Trust has just announced the launch of Wrapped XRP (wXRP). Think of wXRP as a 1:1 backed version of XRP that can now be used in other ecosystems.
This is huge because suddenly, XRP can move and be traded on platforms like Ethereum and Solana, bringing XRP to the heart of Decentralized Finance (DeFi). The goal is to provide access to swaps (instant decentralized exchanges) and collateral without having to rely on poorly regulated bridges (mechanisms that connect two different blockchains).
They will start with over $100 million in value locked, so initial liquidity won't be an issue.
Now, the part that interests the trader: despite this news being super bullish for the long-term utility of XRP, the price has not reacted with an immediate pump. XRP remains trapped in its consolidation zone, struggling to overcome the strong resistance we see around $2.05 to $2.06.
The crucial support is at $2.00. We have seen high volume, which suggests that there are big players repositioning, but there is no clear conviction for a breakout yet. As long as XRP fails to close and stay above $2.06, any rise will likely encounter selling pressure.
So, for now, XRP remains a range-trading asset, rather than a takeoff signal.
Do you think wXRP will be the catalyst that finally frees XRP from this technical range in the coming weeks? Let's talk in the comments!
Follow me for more 😉❤️
#analisis
#noticias
#Alondracrypto
{spot}(XRPUSDT)
The institutional custodian Hex Trust has just announced the launch of Wrapped XRP (wXRP). Think of wXRP as a 1:1 backed version of XRP that can now be used in other ecosystems.
This is huge because suddenly, XRP can move and be traded on platforms like Ethereum and Solana, bringing XRP to the heart of Decentralized Finance (DeFi). The goal is to provide access to swaps (instant decentralized exchanges) and collateral without having to rely on poorly regulated bridges (mechanisms that connect two different blockchains).
They will start with over $100 million in value locked, so initial liquidity won't be an issue.
Now, the part that interests the trader: despite this news being super bullish for the long-term utility of XRP, the price has not reacted with an immediate pump. XRP remains trapped in its consolidation zone, struggling to overcome the strong resistance we see around $2.05 to $2.06.
The crucial support is at $2.00. We have seen high volume, which suggests that there are big players repositioning, but there is no clear conviction for a breakout yet. As long as XRP fails to close and stay above $2.06, any rise will likely encounter selling pressure.
So, for now, XRP remains a range-trading asset, rather than a takeoff signal.
Do you think wXRP will be the catalyst that finally frees XRP from this technical range in the coming weeks? Let's talk in the comments!
Follow me for more 😉❤️
#analisis
#noticias
#Alondracrypto
{spot}(XRPUSDT)
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XRP
1.9992
-1.95%