XRP now usable on Solana with $1.2M in wrapped tokens minted

XRP can now be used on Solana, with $1.2 million worth of wrapped XRP tokens minted. The market for XRP exceeding $1.80 by April 19 sits at 0.3% YES.

The news hasn’t moved market odds. Current sentiment holds at 0.3% YES. The integration gives XRP access to Solana’s DeFi ecosystem, but traders aren’t pricing in a near-term price impact. Short-term market expectations for XRP remain flat, likely reflecting broader uncertainty from military tensions and regulatory factors.

The volume tells the story. The XRP market for April 19 saw zero USDC traded in 24 hours. With just $331 needed to move the price 5 points, this market is extremely thin and could shift on even small trades. The largest recent price move was negligible, suggesting traders are waiting for clearer signals.

For XRP to exceed $1.80, several things would need to happen: Ripple announcing major partnerships or upgrades, a favorable regulatory shift, or broader crypto market momentum driven by Bitcoin. At 0.3¢, a YES share pays $1 if it resolves, a 333x return. That bet requires a sharp, unexpected rally, which looks improbable without a specific catalyst.

Watch for Brad Garlinghouse’s statements and any updates in Ripple’s ongoing regulatory battles. A breakthrough or setback there could materially change the odds.

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