XRP’s price has held steady over the past 24 hours, mirroring broader crypto market trends, even as a new yield-generating product debuts for token holders.
On Tuesday, Upshift, Clearstar, and Flare launched earnXRP, a vault designed to let XRP holders earn additional returns on their holdings without selling tokens or managing complex DeFi strategies.
Platform Overview
Upshift provides development toolkits for DeFi earn vaults, Clearstar curates institutional-grade vaults, and Flare is a Layer-1 blockchain optimized for data-heavy applications. Ripple continues to use XRP to facilitate cross-border payments.
How earnXRP Works
Holders deposit Flare’s FXRP — a 1:1 over-collateralized ERC-20 representation of XRP — into the vault. The vault allocates funds across multiple strategies, and users receive earnXRP, a receipt token representing their share and accumulated XRP-denominated yield.
Trading volumes are typically thin this time of year, contributing to erratic price swings.
Despite subdued price action, XRP could see a year-end rebound as social sentiment turns sharply negative. Analytics firm Santiment notes that historically, heightened negative commentary can act as a contrarian signal for price recoveries.
“XRP is seeing far more negative social media commentary than average. Historically, this setup leads to price rises. When retail has doubts about a coin’s ability to rise, the rise becomes significantly more likely,” Santiment said on X.
