Flare Launches FXRP/USDC Trading to Address $116 Billion XRP Staking Gap
- Market Innovation: Flare Network's introduction of FXRP/USDC trading on Hyperliquid enables on-chain trading for XRP holders, significantly enhancing liquidity and expanding participation in decentralized finance (DeFi) activities.
- Dramatic Fee Reduction: Hyperliquid's HIP-3 upgrade has cut trading fees by 90%, making FXRP trading more competitive and expected to attract more users, thereby increasing the platform's total value locked (TVL).
- Capital Backing: Flare has secured $100 million in institutional capital through VivoPower, aiming to address a staggering $116 billion XRP staking gap with initiatives like earnXRP yields and Firelight liquid staking, which bolsters market confidence.
- Liquidity Enhancement: The launch of FXRP not only adds spot trading liquidity to Hyperliquid but also facilitates seamless redemption through Flare Smart Accounts, further strengthening XRP's competitive position in the DeFi space.
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Technical Analysis for FLR
Technical Sentiment Analysis for Flare (FLR) As of , Flare (FLR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FLR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, FLR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Flare (FLR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00633 | 0.00742 | 0.00857 | 0.00966 | 0.0108 | 0.0119 | 0.0131 |
| Fibonacci | 0.00742 | 0.00827 | 0.0088 | 0.00966 | 0.0105 | 0.011 | 0.0119 |
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