SOL hits the support range, can LayerZero's wXRP shake up Solana ecosystem liquidity?

Question

【CryptoWorld】The price of Solana (SOL) has recently been testing the key support level repeatedly within the 118-138.30 USD range, with market participation noticeably declining. From a technical perspective, if this line of defense cannot be maintained, the next potential pressure zone may be between 81-90 USD.

It is worth noting the latest move by LayerZero in the Solana ecosystem—launching a regulated wrapped XRP (wXRP), with plans to release over $100 million in initial liquidity. Will this move inject new vitality into the Solana ecosystem? It depends on whether wXRP can effectively reduce cross-chain costs and attract XRP holders to participate in the Solana DeFi ecosystem. In the short term, large inflows of liquidity may change the pattern of the altcoin market, but whether sustainable demand will form still depends on subsequent application implementation.

MEVHunterZhang · Accepted Answer

Testing support again, can it hold this time?

wXRP can't save the current atmosphere even if it comes.

Lower cross-chain costs have everyone exhausted, but what about the actual effect?

$81 is unthinkable...

A billion in liquidity sounds like a lot, but the market isn't hot.

Whether XRP holders come or not is the real key.

LZ's move was a bit late.

The real problem is the declining engagement.

SatoshiSherpa · Answer

Sol is about to break support again, feeling like it needs to drop below 80 to stabilize.

LayerZero's entire wXRP setup, honestly, just wants to siphon XRP liquidity.

How much cross-chain cost can actually be reduced really depends on future experience; for now, still observing.

If I can't hold 118, I'll wait for the 90 range to buy the dip.

A hundred million dollars in liquidity sounds fierce, but how much real gold and silver actually enters the market is still uncertain.

The vitality of the ecosystem, no matter how much it’s hyped, ultimately depends on trading volume.

Whether wXRP is hot or not mainly depends on whether the applications on the Solana chain can truly meet demand.

Support levels are almost unmaintainable now, so what’s the point of talking about new vitality...

Cross-chain stuff is always so messy; it’s really easier to just start a top chain directly.

LightningPacketLoss · Answer

Sol is breaking defenses again; if 81 can't hold, it's really concerning.

Is LayerZero trying to save the day with this move? A billion dollars in liquidity sounds impressive, but can these two ecosystems genuinely collaborate?

Will XRP holders come to play on Sol? I'm skeptical about that.

RealYieldWizard · Answer

SOL drops below 118 again, then it might look at 81. Feeling a bit anxious.

Whether LayerZero's wXRP can turn the tide this time depends on whether the XRP community is willing to buy in.

Cross-chain liquidity sounds easy to talk about, but actually implementing it is another matter.

$100 million sounds impressive, but I'm worried it might just be an illusion.

Whether the ecosystem vitality can recover ultimately depends on the actual on-chain transaction volume.

RugResistant · Answer

SOL is once again teetering on the edge of a plunge, can the next line of defense at 81-90 really hold? Feels risky.

wXRP has arrived but the ecosystem remains the same; stacking more liquidity is pointless.

LayerZero's move is a bit like watering a desert; the problem is, no one is coming.

A decline in engagement is the most painful; no matter how many ecosystems there are, they will die without popularity.

Lower cross-chain costs, so what? The key is the lack of a killer app.

This move is really a gamble that XRP holders will favor Solana; the odds are a bit mysterious.

A hundred million in liquidity sounds like a lot, but in this bear market, what does it matter...

RiddleMaster · Answer

SOL is breaking support again? I’m familiar with this routine. Every time it scares people, but then it rebounds...

Can wXRP save the ecosystem? Dream on, cross-chain costs are the real issue.

If 118 doesn’t break, no big deal. If it really breaks, let’s just go straight to $81 to buy the dip.

Liquidity of 100 million dollars sounds impressive, but how much can actually be converted is really uncertain.

LayerZero's recent moves are quite interesting; it all depends on whether XRP big players are willing to jump into the trap.

Honestly, SOL’s current problem isn’t cross-chain, it’s that its ecosystem applications aren’t that attractive.

It’s always new concepts and new liquidity, but user activity remains the same...

I just want to see how far it can hold this time. Will it stay above 118 or drop to 110 before calling it?

The cross-chain ecosystem battle has been going on for so long. Now it’s Solana’s turn to counterattack? That’s interesting.

wXRP coming out feels like pouring some water into a desert—just a drop in the bucket.

BlockchainArchaeologist · Answer

SOL this time really needs to be tougher, or else the $81 level might be hard to hold.

wXRP feels just okay now, but the key is how much XRP can be attracted over, otherwise it's just false hope.

Is cross-chain cost really this easy to reduce? Why do I feel like every time good news is announced, it ends up being a dead end?