FXRP, a wrapped XRP token on the Flare network, was launched on the Hyperliquid exchange. Despite getting listed on Hyperliquid, XRP was rejected at a prominent resistance level for the fourth consecutive time.
The Flare network took a strategic step of launching the wrapped FXRP token on the Hyperliquid exchange. Up until this launch, XRP had been traded on the exchange as perpetual futures; however, this is the first time that XRP has been given spot exposure on this exchange.
FXRP is a 1:1 wrapped representation of XRP that is issued through Flare’s FAssets system and deployed as a LayerZero Omnichain Fungible Token.
The benefit that comes with the FXRP token is that it could be moved across chains (cross-chain functionality), traded on Hyperliquid’s order book, and then later it can be converted to XRP on the XRP Ledger. Moreover, Flare is expecting to launch an FXRP bridge powered by Flare Smart Accounts, which enables one-click withdrawals from Hyperliquid back to the XRP Ledger.
Amidst all these developments, XRP prices have been doing poorly. The chart below shows that since October 2025, XRP has been trying to break above the 200-day moving average but faced rejection every single time.
With the latest rejection taking place a few days ago, this is the fourth consecutive time the coin has stumbled upon the 200-day MA.
The 200-day MA is an important milestone for traders. When the coin crosses above this level, it is considered bullish, as it means that, on average, the coin has closed above this level. It signals the coin is in a long-term uptrend.
Unfortunately, it was not to be for XRP. The token has bounced back from the 200-day MA, finding support at the 50-day MA ($2.095), another significant level.
If the 50-day MA fails to hold the prices, XRP will crash below $2. However, if the support level helps cushion the fall, XRP will rebound off the 50-day MA and test the 200-day MA.
