Hex Trust is introducing wrapped XRP (wXRP) on Solana to extend XRP's DeFi reach. According to DeFiLlama, Solana's 24‑hour DEX volume stands at $3.9 billion versus XRPL's $6.78 million, highlighting deeper on‑chain liquidity. The move shifts XRP activity from its native L1 toward Solana's ecosystem.

Ethereum is holding above a key support near $3,091 while price compresses below the $3,200 area. Traders are watching whether this base resolves in an upside break or a retest, with momentum divergence and institutional interest cited as catalysts for the next directional move.

XRP recently failed to hold above $2.15 and is now trading slightly above $2, while sitting about 44% below its July all‑time high of $3.65. According to analyst ChartNerd, the current structure resembles XRP’s late‑2016 rejection and ABC correction that produced a 69% drop before a rally of more than 110,000%. If a similar 69% decline from the all‑time high unfolds into the first quarter of 2026, price projections suggest a move below $1 toward around $0.8.

U.S.-listed XRP spot ETFs have recorded 19 consecutive days of net inflows totaling $974.50 million, including $20.17 million on December 12. Yet XRP hovered near $2.03 after a 18.66% monthly decline, while Franklin’s XRPZ, Bitwise, and Canary captured the day’s biggest allocations among issuers.

Ripple's Luke Judges outlined XRP's multichain strategy at the Solana Breakpoint event. According to a Dec. 13, 2025 post by Solana, Hex Trust and LayerZero will bridge wXRP—a 1:1-backed XRP representation—to enable use across Solana DeFi, with Phantom's 20 million users cited and perps integrations noted. wXRP will also be tradable with RLUSD on Ethereum and other RLUSD-supported chains.

On 12 December, Ethereum fell 4.7%, putting a reported $537 million ETH long at $3,175 into an unrealized loss of $20.5 million and intensifying liquidations above $120 million. Large holders with 100k+ ETH are nearing their realized price, a level that has historically coincided with major accumulation phases but now leaves the fragile $3,000 support vulnerable to a deeper breakdown if greed-driven leverage unwinds.

Merlin Chain’s MERL token, a Bitcoin layer-2 asset, has surged 16% while perpetual futures open interest reached a record $75.79 million and holders climbed to 173,800. Derivatives-led liquidity, a buy-heavy taker ratio and ongoing spot accumulation support the uptrend, but a liquidation heatmap with major liquidity pools below the current price signals elevated short-term pullback risk.

Smart money aggressively accumulated FARTCOIN over a 24-hour window, even as its price remained squeezed inside a bearish flag around $0.36. Bulls are defending the ascending support near $0.35, while resistance around $0.42–$0.43 and cautious momentum indicators keep the token in a high-risk decision zone.