TLDR

  • Solana has introduced wXRP (Wrapped XRP) to its ecosystem, facilitated by Hex Trust and LayerZero.
  • The new token is supported by platforms including Phantom, Jupiter, Titan Exchange, Meteora, and Byreal.
  • Following the news, the price of XRP climbed 5.15% to reach $1.50 before stabilizing at $1.48.
  • RippleX verified the rollout, highlighting the increasing need for cross-chain XRP utility.
  • wXRP functions as a 1:1-backed asset, fully redeemable for native XRP stored in regulated custody.

(SeaPRwire) –   Ripple’s XRP has officially arrived on the Solana blockchain via a wrapped token known as wXRP. The integration was confirmed by Solana on Friday, April 17, 2026.

xrp price
XRP Price

Solana announced on X: “BREAKING: XRP is live on Solana.” The update featured a video highlighting the collaboration between Ripple, Solana, Hex Trust, and LayerZero.

This development integrates wXRP into various Solana-based applications. Users can now trade and hold the token via Phantom Wallet, Jupiter Exchange, Titan Exchange, Meteora, and Byreal.

wXRP serves as a 1:1 representation of XRP. Each token is backed by an equivalent amount of native XRP held in segregated custody by Hex Trust, with issuance and burning occurring only upon the deposit or redemption of the underlying asset.

How the Bridge Works

The cross-chain infrastructure is powered by Hex Trust and LayerZero. LayerZero manages the communication between blockchains, while Hex Trust provides regulated custody for the underlying XRP reserves.

This framework enables XRP holders to engage with Solana’s decentralized finance (DeFi) sector without liquidating their holdings, allowing them to maintain XRP exposure while accessing Solana’s liquidity and yield-generating opportunities.

Hex Trust initially unveiled plans for wXRP in December 2025, noting that the token would eventually expand to Ethereum, Optimism, and HyperEVM.

In December, RippleX SVP Markus Infanger stated: “There’s growing demand to use XRP across the wider crypto ecosystem and institutions, and so we are excited to see Hex Trust address this demand.”

XRP Price Reaction

XRP saw an immediate 5.15% increase to $1.50 after the announcement. At the time of reporting, the price held at $1.48, reflecting a 4.12% daily gain.

Solana’s native token, SOL, also saw positive movement, rising 4% to $89.86.

With a market capitalization exceeding $90 billion, RippleX noted on X that “growing demand for $XRP is driving liquidity cross-chain.”

The broader cryptocurrency market also experienced a recovery on Friday as geopolitical tensions subsided, following reports that Iran had agreed to halt nuclear operations and reopen the Strait of Hormuz.

XRP was trading at $1.48 on Friday, April 17, 2026, in the wake of the wXRP launch on Solana.

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