The Solana ecosystem has launched a wrapped version of Ripple‘s XRP token on its blockchain. The wXRP token is a 1:1-backed asset redeemable for the original, facilitated by custodial partner Hex Trust and the LayerZero cross-chain bridge. The announcement coincided with substantial 24-hour price rebounds for both XRP, which surpassed $1.50, and SOL, which briefly exceeded $90, amid easing geopolitical tensions.
An official wrapped XRP token has launched on the Solana blockchain. The product, called wXRP, is a 1:1-backed asset redeemable for Ripple‘s cross-border token.
The announcement was made on the official Solana channel just days after a cryptic tweet featuring the XRP logo. It stated, “wXRP is live on Solana via @Hex_Trust and @LayerZero_Core.”
The token is available through a partnership with custodial service provider Hex Trust and the cross-chain bridge from LayerZero. It is immediately usable in several Solana decentralized finance applications, including Phantom wallet, Jupiter Exchange, and Meteora.
This follows a pledge from Hex Trust in late 2025 to expand XRP’s decentralized finance capabilities across different blockchains. Prominent community member John Squire reacted to the news, saying, “The flip just switched.”
The launch coincided with a day of notable price gains for both underlying assets. This market movement occurred as geopolitical tension in the Middle East showed signs of easing.
XRP surged to just over $1.50 for the first time in almost a month. SOL briefly surpassed $90 before settling slightly below that level.
