XRP Launches earnXRP Vault as Market Remains Steady

XRP ($1.8759) saw little movement in the past 24 hours, tracking the broader crypto market, despite the launch of a new product aimed at generating additional income for token holders.

On Tuesday, Upshift, Clearstar, and Flare introduced earnXRP, a vault designed to help XRP holders earn yield on their holdings without selling their tokens. The vault simplifies DeFi strategies, paying out rewards in XRP.

How It Works:
Users deposit Flare’s FXRP — a 1:1 over-collateralized representation of XRP conforming to Ethereum’s ERC-20 standard — into the vault. In return, they receive earnXRP tokens, representing their share in the vault and the accumulated XRP-denominated yield.

Upshift provides the toolkit for vaults, Clearstar handles institutional-grade DeFi risk curation, and Flare serves as the underlying blockchain. Ripple continues to use XRP for cross-border transactions, reinforcing the token’s practical use case.

Analysts note that XRP could see a year-end bounce despite current low social sentiment. Historical patterns suggest that negative sentiment often precedes price recoveries, signaling a potential contrarian opportunity for investors.

The launch of earnXRP highlights ongoing innovation in the crypto space, offering holders additional avenues for yield while simplifying the DeFi experience.