Home » Crypto News Share: Share: Just a couple of days after a cryptic tweet on X containing XRP’s logo, the official channel behind the Solana ecosystem announced that a 1:1-backed token redeemable for Ripple’s cross-border token has launched on its blockchain. The statement coincided with notable price gains charted by XRP and SOL today as the geopolitical tension in the Middle East eased. XRP is a digital asset native to the XRP Ledger, a decentralized public blockchain designed for fast, low-cost transactions.
co/1RaxyHAbMT — Solana (@solana) April 17, 2026 The product, dubbed wXRP, will be available on the Solana blockchain through a partnership with Hex Trust, which will provide custodial services, and LayerZero’s cross-chain bridge. xyz and immediately available for use in several Solana DeFi applications, including Phantom wallet, Jupiter Exchange, Titan Exchange, byreal_io, and Meteora. The move now follows a pledge from Hex Trust from late 2025 to expand XRP’s DeFi capabilities across different chains, starting with Solana.
” The timing is also quite intriguing as it comes on a day when the crypto market jumped after the de-escalation developments in the war between the US/Israel and Iran. 50 for the first time in almost a month. SOL briefly surpassed $90 before it slipped to just under that level now.
