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🗓️ Here’s your #XRP Report for the week:
🔥 #Flare Launches Waitlist for Firelight: Institutional-Grade XRP (Re)Staking
🔹 Project Firelight aims to unlock real yield for XRP holders by (re)staking into high-impact DeFi services.
🔹 Built with Flare Networks, Firelight shifts staking from network security to economic security, powering services like DeFi insurance and RWA liquidity hubs.
🔹 Early access registration is now live, with Phase I vaults launching in mid-August. Firelight positions XRP at the heart of a new DeFi wave: XRPFi.
⚙️ Why It Matters
🔹 XRP is the largest non-yielding crypto asset by market cap.
🔹 Unlike traditional staking, Firelight uses XRP to secure economic value in DeFi, not just validate chains.
🔹 The launch signals growing institutional interest in XRP-based financial infrastructure.
📊 Market Watch: $XRP Soars & Consolidates Above $3.40
🔹 XRP is trading at $3.45, holding firm after a breakout earlier this week.
🔹 Intraday high reached $3.62, with support forming between $3.40–$3.42.
🔹 Analysts are eyeing the $3.60–$3.80 range next, with upside targets as high as $4.80 on strong weekly close momentum.
🔹 Technicals show bullish continuation: positive RSI and MACD crossovers, strong volume, and consistent higher lows.
🔹 Ecosystem buzz (RLUSD, ISO 20022, ETF speculation) is fueling institutional demand.
💬 Is Firelight the catalyst that finally brings XRP into the DeFi spotlight?
👇 Drop your take below!
#XRPArmy #XRPCommunity #XRPHolders #XRPLedger #Altcoins #DeFi #Blockchain #Ripple
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