Flare, Upshift, and Clearstar have launched earnXRP, a first fully XRP-denominated on-chain yield product for holders, yet XRP’s price remains range-bound amid broader market weakness.
Flare Network, in collaboration with Upshift and Clearstar, has introduced earnXRP, the first fully XRP-denominated on-chain yield solution that lets holders earn returns without converting into stablecoins or other assets. The product uses Flare’s FAssets system to wrap XRP as FXRP on a 1:1 basis, which users deposit into a vault running yield strategies and receive earnXRP tokens reflecting their deposit and accrued yield. Withdrawals burn earnXRP and return FXRP to wallets. Despite its utility innovation, XRP’s price remains subdued at about $1.87, trading narrowly between $1.83 and $1.88 in recent sessions, indicating the token’s movement is dominated by wider crypto market sentiment.