PANews reported on December 12th that, according to The Block, Hex Trust plans to issue and custody a wrapped version of XRP—wXRP. wXRP is a token pegged 1:1 toPANews reported on December 12th that, according to The Block, Hex Trust plans to issue and custody a wrapped version of XRP—wXRP. wXRP is a token pegged 1:1 to

Hex Trust plans to issue and host a wrapped version of XRP, "wXRP," to expand the application of DeFi across multiple chains.

2025/12/12 09:15

PANews reported on December 12th that, according to The Block, Hex Trust plans to issue and custody a wrapped version of XRP—wXRP. wXRP is a token pegged 1:1 to XRP, designed to expand the asset's use in DeFi and cross-chain applications. Hex Trust stated that this move will allow XRP to break through the limitations of the XRP Ledger and trade as a liquidity pair with RLUSD on chains such as Ethereum, where Ripple's stablecoin RLUSD is already listed. At launch, wXRP's total value locked will exceed $100 million.

wXRP will initially be available on blockchains including Solana, Optimism, Ethereum, and HyperEVM, with plans to integrate other blockchains in the future. Hex Trust emphasizes that each wXRP corresponds to one XRP held in a separate custodian account and is only issued or destroyed when the underlying asset is deposited or redeemed. The company states that its institutional-grade custody services include Know Your Customer (KYC)/Anti-Money Laundering (AML) compliance, insurance coverage, and full auditability.

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Gareth Soloway Reveals What’s Comes Next For XRP, ETH, SOL and AVAX

Gareth Soloway Reveals What’s Comes Next For XRP, ETH, SOL and AVAX

The post Gareth Soloway Reveals What’s Comes Next For XRP, ETH, SOL and AVAX appeared on BitcoinEthereumNews.com. The post Gareth Soloway Reveals What’s Comes Next For XRP, ETH, SOL and AVAX appeared first on Coinpedia Fintech News Gareth Soloway, chief market strategist, has shared his predictions on four major altcoins: Ethereum (ETH), Solana (SOL), XRP, and Avalanche (AVAX). His analysis focuses on immediate support and resistance levels that could shape price action in the weeks ahead. Ethereum Faces a Critical Test Ethereum has been trading within a series of parallel channels. The current focus is on support near $4,350. Soloway said this level is important because a confirmed breakdown could send ETH toward $3,750. If the level holds, ETH may attempt to retest the highs above $5,000, with a possible next target around $5,500. Solana Maintains a Strong Setup Solana remains one of the stronger altcoins on the charts. It recently broke above the $205–$215 range and continues to form higher highs and higher lows. As long as it stays above $235, the outlook remains positive. A move back to its previous all-time high near $295, or even above $300, is possible. If the trend breaks, support sits again in the $215–$205 zone. XRP Shows a Neutral Pattern XRP’s chart is less clear. It has support near $2.95, but lower highs signal caution. A drop below $2.95 could open the door to $2.75–$2.67. On the other hand, a breakout above $3.12 would signal strength and could trigger a move higher by 10–20 percent. Avalanche Pulls Back After a Rally Avalanche recently surged from $26 to $36 before meeting strong resistance. Soloway said that this level acted as a ceiling. He expects a short-term pullback, which could later set up a new buying opportunity if support holds. Soloway said that these projections are short-term, spanning weeks or months. Clear support and resistance zones remain the important signals to…
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BitcoinEthereumNews2025/09/21 12:41