- Hex Trust launches wXRP (Wrapped XRP) on Ethereum, Solana, and other chains with over $100 million in initial liquidity
- Cboe approves listing of the 21Shares Spot XRP ETF (TOXR), which Ripple Markets has seeded with a massive $226 million capital injection
- These dual announcements arrive as total XRP ETF inflows near the $1 billion mark, while XRP technical indicators suggest a volatility squeeze building around $2.02
Hex Trust, a regulated institutional custodian, said that it will issue and manage wrapped XRP (wXRP), a 1:1-backed form of XRP built for DeFi and cross‑chain use.
wXRP will allow Ripple’s XRP to move across major chains without relying on high‑risk third‑party bridges. Each wXRP will be created only when native XRP is deposited into Hex Trust’s custody, and each token is burned on redemption, which keeps the supply fully matched.
The platform said the new asset will start with more than $100 million in locked value, ensuring deep liquidity from day one.
Related: XRP Defies Chaos: Analysts Highlight Bullish Reversal as Markets Digest FOMC Volatility
A Regulated Bridge to DeFi
The wrapped token will be available on Ethereum, Solana, Optimism, and HyperEVM at launch, allowing swaps, liquidity pools, lending markets, and trading pairs with Ripple’s RLUSD stablecoin.
Hex Trust said that users and institutions will be able to mint and redeem wXRP through a compliant, automated system, with full insurance coverage and auditability behind the custody accounts.
ETFs and Staking Push
Cboe approved 21Shares’ spot XRP ETF, labeled TOXR, which will become the fifth XRP ETF in the US. The fund will track the CME CF XRP‑Dollar Reference Rate and will use Coinbase Custody, Anchorage Digital, and BitGo Trust as a multi‑custodian model.
Ripple Markets also seeded the fund with 100 million XRP, worth roughly $226 million, giving it unusually strong liquidity. Also, according to filings, the TOXR ETF has a 0.3% annual sponsor fee and supports both in‑kind XRP creation and cash settlement.
Meanwhile, as per SoSoValue, XRP ETFs have now pulled in close to $1 billion in total inflows since mid‑November, currently at $970 million.
XRP Price Analysis: Squeezed but Holding Support
The weekly XRP chart shows price stuck around the $2.02 area while trading under a descending trendline that has acted as resistance since mid‑2025. The Bollinger Bands show compression as price sits on top of a long‑term green support block.
Major resistance remains at the $2.09–$2.10 zone. A clean weekly close above this range would target $2.72, followed by $2.94 and the 1.618 Fibonacci level near $3.58.
Above that, the wider extension levels show long‑term bullish targets at $4.62, $5.65, and $6.29.
On the other hand, support sits at $1.80–$1.87. A breakdown below this level exposes the deeper green support region near $1.52–$1.28.
Related: XRP Price Prediction: XRP Range Narrows as Outflows Persist & Futures Leverage Declines
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Source: https://coinedition.com/hex-trust-pushes-xrp-into-defi-with-100m-wxrp-bridge-as-xrp-etfs-inflows-surge/
