Wrapped XRP Price at $2.20: Real-Time WXRP Chart, Stats & Use Cases

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Wrapped XRP (WXRP) is trading at $2.20** today, showing a slight dip of **-3.80%** over the past 24 hours. Despite this short-term fluctuation, WXRP has demonstrated strong year-over-year growth, surging **+393.02%** compared to its price of $0.45 a year ago. With a current market capitalization of $39.49 million**, WXRP continues to serve as a vital bridge between the XRP Ledger and the broader Ethereum ecosystem.

What Is Wrapped XRP?

Wrapped XRP (WXRP) is an ERC-20 token built on the Ethereum blockchain, fully backed 1:1 by native XRP tokens on the XRP Ledger. This wrapping mechanism enables XRP holders to use their assets on Ethereum-based decentralized applications (dApps), decentralized exchanges (DEXs), and DeFi protocols — all while maintaining the value equivalence of their original holdings.

👉 Discover how to seamlessly integrate WXRP into your Ethereum wallet today.

The XRP Ledger, originally developed in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto — co-founders of Ripple — is optimized for fast, low-cost cross-border transactions. However, it is not EVM-compatible, which limits its interoperability with Ethereum’s expansive Web3 infrastructure. That’s where WXRP comes in: it unlocks Ethereum compatibility without altering the underlying value or utility of XRP.

Unlike proof-of-work cryptocurrencies that rely on energy-intensive mining, XRP is pre-mined, with a fixed total supply of 100 billion tokens. Its primary function is to serve as a bridge currency in international finance, enabling institutions to transfer value across fiat currencies efficiently.

For example, a financial entity in Kyrgyzstan can convert local currency into XRP and instantly settle in Mexican pesos on the receiving end — bypassing traditional correspondent banking delays and high fees.

Why Was Wrapped XRP Created?

The creation of Wrapped XRP addresses a critical gap: blockchain interoperability.

While the XRP Ledger excels in payment efficiency, it operates independently from Ethereum’s smart contract capabilities. As DeFi, NFTs, and yield-generating platforms grew on Ethereum, XRP holders were left out — until WXRP bridged that divide.

By wrapping XRP into an ERC-20 format, users gain:

This cross-chain functionality enhances both liquidity and utility, making WXRP a strategic asset for multi-chain investors.

How Does Wrapped XRP Work?

The process of wrapping and unwrapping XRP is straightforward and secure:

  1. A user deposits 1 XRP into a custodial or decentralized bridge service.
  2. The system mints 1 WXRP on Ethereum, which is then sent to the user’s Ethereum-compatible wallet.
  3. When redemption is needed, the user burns WXRP, and the equivalent amount of XRP is released back to their XRP Ledger wallet.

This 1:1 peg ensures full redeemability, maintaining trust and value parity across chains.

Smart contract address: 0x39fb...12e1b9
Token standard: ERC-20
Backed by: Native XRP on XRP Ledger

Benefits of Using Wrapped XRP

1. DeFi Integration

WXRP allows holders to participate in lending protocols (like Aave or Compound), provide liquidity on Uniswap, or stake in yield farms — activities not natively supported on the XRP Ledger.

2. Cross-Chain Flexibility

Users can move value between ecosystems seamlessly. Whether trading on Layer 2 networks or accessing new dApps, WXRP offers flexibility without sacrificing exposure to XRP’s core value.

3. Enhanced Liquidity

By introducing XRP into Ethereum’s deep liquidity pools, WXRP improves price stability and trading volume across multiple platforms.

4. Wallet Compatibility

WXRP works effortlessly with popular wallets such as MetaMask, enabling easy buying, selling, swapping, and storing within a single interface.

👉 Start using WXRP across multiple networks with just a few clicks.

WXRP Price Performance & Historical Data

Time PeriodPriceChange
Today (July 4, 2025)$2.20-3.80%
24 Hours Ago$2.29-3.80%
1 Week Ago$2.09+5.33%
1 Month Ago$2.27-2.95%
1 Year Ago$0.45+393.02%

Despite volatility in earlier years, WXRP has shown resilience and growing adoption as cross-chain use cases expand.

How to Buy, Swap, and Use WXRP

Buying WXRP

You can purchase Wrapped XRP directly through integrated platforms like MetaMask using familiar payment methods:

No need for centralized exchanges — buy instantly across 15+ networks, including Ethereum, Binance Smart Chain, Linea, Base, and Arbitrum.

Swapping WXRP

Use built-in swap tools to exchange WXRP for ETH, WBTC, SOL, or other tokens. Quotes include gas fees upfront, ensuring transparent pricing and cost-effective trades.

Bridging Across Chains

Move WXRP between blockchains securely using cross-chain bridges. Advanced features allow simultaneous bridging and swapping, reducing steps and fees. For instance:

Swap WXRP on Ethereum → Receive USDC on Base in one transaction.

This streamlined experience maximizes efficiency and minimizes slippage.

Frequently Asked Questions (FAQ)

Q: Is WXRP the same as XRP?

A: No. While they are pegged 1:1 in value, XRP exists natively on the XRP Ledger, while WXRP is an Ethereum-based ERC-20 token representing wrapped XRP.

Q: Can I convert WXRP back to XRP?

A: Yes. The wrapping process is fully reversible. You can "unwrap" your WXRP to reclaim native XRP through supported bridges or custodial services.

Q: Is Wrapped XRP safe to use?

A: Yes, provided you use trusted platforms and verify contract addresses. Always confirm the official WXRP contract (0x39fb...12e1b9) before transacting.

Q: What networks support WXRP?

A: Primarily Ethereum, but through bridges, WXRP can be used across EVM-compatible chains like Polygon, Arbitrum, Base, and Linea.

Q: Does WXRP pay staking rewards?

A: Not directly. However, you can stake WXRP in DeFi protocols that offer yield through liquidity provision or lending mechanisms.

Q: Why did WXRP drop recently?

A: The -3.80% decline reflects broader market sentiment and short-term profit-taking. Long-term trends remain positive due to increasing demand for cross-chain assets.

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👉 Unlock seamless cross-chain trading and expand your crypto portfolio now.