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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InRipple has officially launched wrapped XRP (wXRP) on the Solana network, driving the price of XRP up by 5% to $1.50 as ETF assets surpassed $1 billion. Providing technical clarity, Ripple CTO Emeritus David Schwartz explained that the RLUSD stablecoin utilizes a bridging model that prioritizes security and risk control. Schwartz also clarified misconceptions regarding his retirement, noting he remains highly active in the ecosystem despite officially stepping down from his role late last year. He specifically attributed the recent KelpDAO failure, which resulted in nearly $292 million in losses, to its low-cost setup model that compromised safety. Technically, Solana (SOL) is trading at $84.15, showing a hidden bullish divergence as investors evaluate Ripple's 'security-first' architecture across decentralized finance ecosystems.