XRP Price: Jumps 5% as Wrapped XRP Officially Goes Live on Solana

TLDR

• Solana launched wXRP (Wrapped XRP) on its network via Hex Trust and LayerZero
• wXRP is available on Phantom, Jupiter, Titan Exchange, Meteora, and Byreal
• XRP price jumped 5.15% to $1.50 shortly after the announcement, settling at $1.48
• RippleX confirmed the launch, citing growing cross-chain demand for XRP
• wXRP is a 1:1-backed token, fully redeemable for native XRP held in regulated custody

Ripple’s XRP is now live on the Solana blockchain through a new wrapped token called wXRP. The launch was confirmed by Solana on Friday, April 17, 2026.

Solana posted on X: “BREAKING: XRP is live on Solana.” The post included a short video featuring logos from Ripple, Solana, Hex Trust, and LayerZero — the four key partners behind the launch.

The initiative brings wXRP to several Solana-based apps. Users can now buy, sell, and hold wXRP on Phantom Wallet, Jupiter Exchange, Titan Exchange, Meteora, and Byreal.

wXRP is a 1:1-backed representation of XRP. Each token corresponds to one real XRP held in segregated custody accounts managed by Hex Trust. Tokens are only issued or burned when the underlying XRP is deposited or redeemed.

How the Bridge Works

Hex Trust and LayerZero provided the infrastructure for the cross-chain launch. LayerZero handles the messaging layer between blockchains, while Hex Trust manages regulated custody of the underlying XRP.

This setup allows XRP holders to participate in Solana’s DeFi ecosystem without selling their tokens. They keep exposure to XRP while accessing trading, liquidity, and yield opportunities on Solana.

Hex Trust first announced plans to issue wXRP back in December 2025. At the time, the company said wXRP would eventually be available on Solana, Ethereum, Optimism, and HyperEVM.

XRP Price Reaction

XRP jumped 5.15% to $1.50 immediately after the announcement. By the time of writing, the price had settled at $1.48, still up 4.12% on the day.

Solana’s SOL token also rose, gaining 4% intraday to reach $89.86.

The broader crypto market also recovered on Friday as geopolitical tensions eased. Reports emerged that Iran had agreed to suspend nuclear operations and reopened the Strait of Hormuz.

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

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