Wrapped XRP (wXRP) has launched on the Solana blockchain, enhancing its DeFi applications and cross-chain utility. Over 834,000 XRP tokens, valued at approximately $1.2 million, have been wrapped on Solana, driving increased demand for XRP and pushing its price to around $1.50. This development allows XRP, traditionally linked to the XRP Ledger, to be utilized in Solana's DeFi ecosystem through Hex Trust's issuance of wXRP. The wrapped version of XRP is 1:1 backed and can be used in DeFi protocols on Solana and other Ethereum Virtual Machine (EVM) chains. The initiative addresses the growing demand for XRP in decentralized finance, as evidenced by Ethereum and Solana's high total-value-locked (TVL) rankings. The launch has contributed to a 15% surge in XRP's price this week, marking three consecutive days of gains and retesting the $1.5 resistance level.