Ripple's CTO: An Expanded XRP Ecosystem is Beneficial

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 13 2025

WAXL-1.36%

ADA-0.074%

XRP+0.385%

Should l Buy WAXL?

Ripple's Support for Wrapped XRP: Ripple CTO David Schwartz has endorsed Hex Trust's initiative to introduce wrapped XRP (wXRP), which aims to enhance XRP's utility in decentralized finance (DeFi) by allowing it to operate across multiple blockchains.
Functionality and Availability of wXRP: The wrapped XRP will be fully collateralized and initially available on Ethereum, with plans to expand to other chains like Solana and Optimism, enabling new trading pairs and DeFi services for XRP holders.
Regulated Access to DeFi: The launch of wXRP is seen as a significant step towards providing regulated and transparent entry points into the DeFi market, reflecting a growing demand for interoperable digital assets.
Broader Ecosystem Integration: The introduction of wXRP is part of ongoing efforts to increase XRP's interoperability and participation in DeFi, with other projects also working to integrate XRP into multi-chain ecosystems.

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Technical Analysis for WAXL

Technical Sentiment Analysis for Axelar (WAXL) As of , Axelar (WAXL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WAXL 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, WAXL 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 $-.

Axelar (WAXL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	-	-	-	-	-	-	-
Fibonacci	-	-	-	-	-	-	-

About WAXL

Axelar claims to deliver “secure cross-chain communication for Web3.” The project provides a decentralized network and tools to help builders of decentralized applications (dApps) with seamless cross-chain communication through its protocol suite, tools and APIs.Axelar features three core components – a decentralized network, a software development kit of protocols and APIs, and a set of gateway smart contracts for cross-chain connectivity.Powered by a decentralized network of validators, anyone can join the network, build on it, or use it. Apps builders can interact with a simple API atop a permissionless network that routes messages and ensures network security via proof-of-stake (PoS) consensus mechanism.AXL is the native token of the Axelar network. The protocol also supports the cross-chain transfer of several native tokens via their wrapped ERC-20 versions, including AVAX (Avalanche), ETH (Ethereum), FTM (Fantom), GLMR (Moonbeam), and MATIC (Polygon).Meanwhile, Axelar has raised capital from top-tier investors, including Binance, Coinbase Ventures, Dragonfly Capital, Polychain Capital and others.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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