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Ripple CTO David Schwartz commended Hex Trust for introducing wXRP, enhancing its functionality and enabling RLUSD stablecoin trading. Native XRP is held in regulated custody accounts in compliance with KYC/AML standards. In the near term, XRP encounters resistance between $2.04 and $2.08, with a breakout potentially reaching $2.25. Support levels are at $1.98 to $1.82.

Wrapped XRP, a token pegged to XRP usable across various blockchain networks other than the XRP ledger, aims to enhance liquidity and interoperability within the decentralized finance ecosystem.

Ripple announced that the XRP Ledger will launch a sidechain supporting EVM in the second quarter, developed in collaboration with Peersyst and based on the evmOS software stack. This upgrade not only brings technical breakthroughs to the XRP Ledger but also provides key catalysts for medium to long-term growth for investors.