Hex Trust Plans $100M+ Wrapped XRP Launch for DeFi as Price Holds Near $2 Support

Hex Trust has announced plans to issue and custody a 1:1-backed wrapped XRP product with over $100 million in initial liquidity for use across DeFi and smart contract platforms. XRP is currently trading in a narrow range near the $2.00–$2.02 support area, with fading bearish momentum and strong order book bids providing a defensive base, while layered resistance still caps any meaningful upside.