Get €3000Just-In: Ripple XRP Is Now Live On Solana-Powered Apps, Price Jumps 5%
Highlights
- Ripple's XRP just went live on the Solana network amid a major collaboration.
- Solana has made wXRP available on its apps via Hex Trust and LayerZero.
- RippleX quickly reacted to the update and lauded Solana for their initiative.
Ripple’s XRP and Solana’s collaboration has finally materialized. Today, Solana revealed that it is launching wXRP across various applications on its network. In response, Ripple’s native token got another boost as the overall crypto market recovers.
All About Ripple’s XRP & Solana Collaboration
In post on X, the Solana team wrote, “BREAKING: XRP is live on Solana.” It added a video with the Ripple-backed altcoin’s logo in focus. In addition, the four-second clip with a black and white theme featured Solana, Ripple, Hex Trust, and LayerZero as major contributors in this partnership.
The team also shared a XRP price chart, which showed the altcoin jumping 5% today. The thread added, “XRP is a digital asset native to the XRP Ledger, a decentralized public blockchain designed for fast, low-cost transactions.”
The initiative brings wXRP (Wrapped XRP) to several apps on the Solana network. These include Phantom Wallet, Titan exchange, Jupiter exchange, Meteora, and Byreal where traders can buy, sell, and hold wXRP.
Hex Trust and LayerZero’s infrastructure has been employed for the latest successful launch. Moreover, it’s worth noting that earlier this week Solana had already teased about a partnership by posting “XRP” on X alongside a clip featuring the SOL logo.
Ripple’s arm that deals with XRPL developers, RippleX, was quick to react to this update. On X, the team responded, “wXRP is now live on Solana, enabled by Hex Trust and LayerZero . Growing demand for $XRP is driving liquidity cross-chain—opening new paths across ecosystems and expanding the overall market.”
XRP & SOL Price Update
Ripple’s XRP price was up by 4.12% to $1.48 at the time of writing on Friday, April 17. Earlier, just after the announcement, the altcoin had rallied by 5.15%, reaching $1.50, according to the snapshot shared by Solana. Moreover, the SOL price also surged to $89.86, marking a 4% intraday gain.
Further, the overall crypto market rebounded as geopolitical tensions eased with Iran reopening the Strait of Hormuz. In addition, U.S. President Donald noted that Iran had agreed to suspend its nuclear operations. Hence, Trump is looking at a potential resolution of the US-Israel-Iran war this weekend.
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