Flare Launches XRP Spot Market on Hyperliquid with $185M Trading Volume
- Spot Market Launch: Flare has introduced the FXRP-USDC spot trading pair on Hyperliquid, enabling traders to access XRP spot exposure on the platform's on-chain orderbook for the first time, marking a significant advancement in the DeFi space.
- Surge in Trading Volume: Hyperliquid reported over $185 million in trading volume in the past 24 hours, indicating strong market demand for the new spot trading pair, which could attract more large participants to the platform.
- Optimized Technical Architecture: FXRP routes through Flare's HyperEVM layer to HyperCore for spot trading, with a dedicated bridge expected to follow, allowing one-click withdrawals back to the XRP Ledger, thereby enhancing XRP's utility in DeFi applications.
- Innovative Market Structure: Hyperliquid's orderbook model, as opposed to automated market maker pools, offers tighter spreads and more reliable execution, particularly beneficial for larger participants looking to hedge perpetual futures exposure, thereby increasing the platform's competitiveness.
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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 3 technical signals, shows that 0 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 | 0.00632 | 0.00741 | 0.00856 | 0.00965 | 0.0108 | 0.0119 | 0.013 |
| Fibonacci | 0.00741 | 0.00827 | 0.00879 | 0.00965 | 0.0105 | 0.011 | 0.0119 |
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