Overview
- wXRP, which went live Friday, lets XRP holders use a 1:1 wrapped token on Solana DeFi apps like Jupiter and Phantom through Hex Trust custody and LayerZero messaging, with about 834,000 tokens minted.
- Following Friday’s rollout, XRP touched roughly $1.50 before easing to the mid‑$1.40s, and prediction markets kept odds near zero for the token finishing above $1.80 by April 19 as trading books stayed thin.
- Coinbase Derivatives filed with the CFTC to add XRP to its market‑maker program from May 1 to November 30, a step that pays firms to post two‑sided quotes and aims to deepen liquidity in regulated XRP futures.
- ETF buyers added about $13.74 million this week, lifting total XRP held by exchange‑traded funds to $1.11 billion, a sign of steady institutional interest despite the muted short‑term price reaction.
- On‑chain analysis reported 291 million XRP settled on the ledger while only about 1.36 million XRP flowed to Binance, pointing to activity outside exchange sell channels as the asset builds out U.S. access after its digital‑commodity designation.