wXRP Lands on Solana, Can XRP Price Break Through the $1.5 Resistance Level?
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Summary
The launch of wXRP on Solana has boosted the XRP price, which is currently testing the key resistanc
BroadChain has learned that at 20:30 on April 20, according to CryptoNews, following the launch of Wrapped XRP (wXRP) on Solana via Hex Trust and LayerZero on April 17, the price of XRP increased by 5.15% within 48 hours, currently reported at $1.40. This cross-chain bridge allows XRP holders to deploy funds into Solana's DeFi ecosystem without selling their native assets. Currently, approximately $1.2 million worth of XRP has been wrapped onto Solana, with an additional $74.5 million worth of XRP awaiting wrapping on Ethereum. In terms of price, XRP is once again testing the key resistance level at $1.50. If it can break through effectively, the next target is the range of $1.65 to $1.70; if it fails to break through, it may consolidate between $1.42 and $1.50. If it falls below the support level of $1.42, downside risks will increase. Meanwhile, the cross-chain infrastructure project LiquidChain ($LIQUID) is positioning itself as an execution layer to address large-scale cross-chain liquidity issues. Its presale has raised $689,209.93, with the current price at $0.01451.