XRP News Today: Wrapped XRP Hits All-Time High as DeFi Demand and Cross-Chain Activity Surge

Wrapped XRP on Ethereum has surged to an all-time high with a market cap exceeding $60 million, driven by a growing appetite for cross-chain interoperability and decentralized finance (DeFi) integration [1]. This token, pegged 1:1 to XRP and held in custody, allows users to access Ethereum’s DeFi ecosystem seamlessly, leveraging WXRP for lending, borrowing, or liquidity provision [1].

The rise of WXRP aligns with a broader trend in 2025, where cross-chain integration is accelerating, particularly as institutions show increasing interest in multi-chain solutions over single-chain environments [1]. Wrapped assets such as WXRP are enabling smoother asset movement across blockchains, supporting the development of a more interconnected crypto landscape.

XRP itself has been a strong performer, surging 552% year-on-year since July 2024 and gaining 49% year-to-date as of late July 2025 [1]. Whale accumulation and favorable technical patterns have bolstered confidence in XRP’s long-term utility and value.

This milestone is significant for several reasons. First, it enhances DeFi accessibility for XRP holders, who can now engage in Ethereum-based activities such as staking and yield farming. Second, the trust in wrapped assets and custodial models is increasing, which is critical for both institutional and retail users moving assets across chains [1]. Third, the growing synergy between the XRP Ledger and Ethereum ecosystems could drive further innovation in both networks.

Ethereum’s recent bullish performance, trading near $3,800 with derivatives open interest surpassing $60 billion, may further amplify the momentum of WXRP [1]. As DeFi participants look to diversify their portfolios, wrapped XRP has emerged as an attractive option, especially as XRP recently reached a record high of $3.65 [1].

According to market analyst Lingrid, XRP recently broke key resistance and is consolidating near the upper range of a bullish flag formation [1]. “If the current pullback holds above the diagonal support, a renewed push toward $3.60–$3.70 becomes likely. Bulls remain in control as structure supports further upside,” she said [1]. At the time of writing, XRP was trading around $3.10 amid intensified consolidation [1].

The market-cap breakthrough of WXRP reflects a growing demand for cross-chain liquidity and DeFi usage of XRP. As wrapped assets continue to evolve, this milestone may signal the start of deeper integration between XRP and Ethereum ecosystems, unlocking new opportunities for holders and developers in decentralized finance [1].

Source: [1] Wrapped XRP on Ethereum Soars to Record High Amid DeFi and Cross-Chain Boom (https://coinpaper.com/10285/wrapped-xrp-on-ethereum-soars-to-record-high-amid-de-fi-and-cross-chain-boom)