The announcement came just as both underlying assets experienced substantial price rebounds over the past 24 hours.
Just a couple of days after a cryptic tweet on X containing XRP’s logo, the official channel behind the Solana ecosystem announced that a 1:1-backed token redeemable for Ripple’s cross-border token has launched on its blockchain.
The statement coincided with notable price gains charted by XRP and SOL today as the geopolitical tension in the Middle East eased.
https://twitter.com/solana/status/2045183269889819120?ref_src=twsrc%5Etfw” target=”_blank
The product, dubbed wXRP, will be available on the Solana blockchain through a partnership with Hex Trust, which will provide custodial services, and LayerZero’s cross-chain bridge.
The new wrapped asset is verifiable on tokens.xyz and immediately available for use in several Solana DeFi applications, including Phantom wallet, Jupiter Exchange, Titan Exchange, byreal_io, and Meteora.
The move now follows a pledge from Hex Trust from late 2025 to expand XRP’s DeFi capabilities across different chains, starting with Solana.
The ever-vocal XRP Army was quick to pick up and praise the announcement, with John Squire saying, “The flip just switched.” The timing is also quite intriguing as it comes on a day when the crypto market jumped after the de-escalation developments in the war between the US/Israel and Iran.
XRP was at the forefront of gains today, surging to just over $1.50 for the first time in almost a month. SOL briefly surpassed $90 before it slipped to just under that level now.
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