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FXRP Pushes Flare Up 347% in Volume – Is $0.0289 Coming?
Flare Network (FLR) surged to a nine-month high of $0.0285 before pulling back to $0.025 at press time. This rally was accompanied by a 347% surge in trading volume, which hit $52 million, and a market cap peak of $2.1 billion—signaling a strong inflow of capital.
FXRP Launch Triggers Investor Interest
The main catalyst behind the rally was the launch of FXRP v1, Flare’s implementation of XRP for decentralized finance (DeFi). According to the official announcement, FXRP allows XRP holders to mint tokens on Flare’s FAssets protocol, enabling them to interact with lending platforms and DEXs without needing smart contract functionality or third-party intermediaries.
FXRP represents a 1:1 synthetic of XRP, backed by overcollateralized assets, bringing composability to a previously non-DeFi-compatible token.
Spot Accumulation Signals Retail Interest
Following the FXRP launch, retail buyers entered the market aggressively. Coinalyze data shows FLR recorded $202 million in buy volume versus $190 million in sell volume, resulting in a positive Buy/Sell Delta of 12 million tokens—a sign of solid spot accumulation.
Historically, such patterns lead to bullish continuation if demand persists.
Profit-Taking Could Limit Further Upside
However, sustained spot net inflows for ten straight days, as reported by Coinglass, suggest profit-taking may already be underway. The latest netflow of $222.5K hints at selling pressure that could cap further gains.
