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Flare’s FLR Extends Rally on FXRP Launch as Bullish Crossover Signals Uptrend

FXRP’s debut makes XRP usable in DeFi on Flare to drive fresh liquidity.

Overview

  • FLR touched an 8‑month high near $0.028 on Sep. 24–25 and is trading in the mid‑$0.02 range.
  • Twenty‑four hour activity spiked with spot volume up over 350%, derivatives volume up about 335% to $15.8 million, and futures open interest higher by roughly 24%.
  • Flare’s FAssets mainnet now lets holders convert XRP to FXRP for use in lending, borrowing and collateral across DeFi protocols.
  • The daily 20‑ and 50‑day simple moving averages formed a bullish crossover, with MACD trending higher and RSI below overbought levels.
  • Analysts flag upside targets near $0.032 to $0.0389 if support around $0.023–$0.026 holds, while reported TVL has climbed to roughly $217 million.