XRP Goes Live on Solana as Wrapped Token
XRP launched on Solana in wrapped form with Ripple and Hex Trust, becoming tradable on Solana DEXs and wallets with initial SOL and USDC pairs.
On April 17, the Solana account announced the addition of a wrapped version of XRP and posted “XRP is live on Solana.” Ripple and custody partner Hex Trust developed the token with other collaborators. The token is available on Solana decentralized exchanges and wallets including Phantom, Jupiter and Meteora, with initial trading pairs against SOL and USDC.
The wrapped XRP follows the same model used for wrapped Ethereum and WBNB. Wrapping issues an SPL token that can interact with Solana programs, automated market makers and liquidity pools while the native asset is held or bridged off-chain.
Previous unofficial versions of XRP appeared on Solana and later ceased activity. The Solana announcement identified the new token as an official cross-chain asset backed by Ripple and partners. The listing gives XRP access to Solana’s decentralized trading venues.
Market participants noted the asset could expand into lending protocols on Solana over time. Trading velocity and depth will depend on liquidity providers, the size of SOL and USDC pools, and which DeFi protocols integrate the wrapped token.
XRP’s market price recovered to about $1.48 after a recent rally, following weeks near $1.30. A large share of XRP trading still occurs on centralized exchanges, particularly in South Korea; the Solana listing provides an alternative venue focused on on-chain DEX execution and AMM liquidity.
Tokenization activity on Solana increased in 2026, with a growing catalog of crypto and tokenized traditional assets. Services and issuers active on the chain include Sunrise, PreStocks, Ondo Finance, Solstice Finance, XStocks and Securitize. Adding tokens on Solana is permissionless, and the announcement did not specify how quickly or widely DeFi integrations for wrapped XRP will develop.
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