Flare Network (FLR) spiked to $0.0285 after the launch of FXRP, boosting volume 347% to $52M and lifting market cap to $2.1B. The FXRP rollout enabled XRP to be used in DeFi, triggering aggressive accumulation and a short-term retracement to $0.025 as profit-taking increased.
FXRP launch triggered the rally
Volume surged 347% to $52M, with Buy Volume roughly $202M vs Sell $190M.
Key technicals: Stochastic RSI 66.9, RSI peaked at 69; support $0.023, resistance $0.0278–$0.0289.
FLR price surges after FXRP launch: volume +347% to $52M, market cap $2.1B; read the full analysis and near-term levels on COINOTAG.
What caused Flare Network’s price surge?
Flare Network (FLR) rose sharply after Flare launched FXRP, allowing XRP to be minted as an overcollateralized DeFi asset. This development unlocked new DeFi utility for XRP and prompted heavy spot accumulation, which pushed FLR to a nine-month high before a short retracement.
How did the FXRP rollout change market dynamics?
FXRP v1 converts XRP into a one-to-one, overcollateralized representation for DeFi, enabling minting, lending and DEX access on Flare. Market response was immediate: FLR hit $0.0285, then retraced to $0.025 as traders took profits. Volume jumped to $52 million (+347%), and market cap reached $2.1 billion. Sources: Coinalyze, CoinGlass, TradingView, COINOTAG (plain text).
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How did retail buying and flows affect FLR?
Retail accumulation accelerated after FXRP’s debut. Buy Volume reached approximately $202 million versus $190 million in sells, producing a positive Buy–Sell Delta near 12 million FLR tokens. CoinGlass reported ten consecutive days of positive Spot Netflow, with netflow at about $222.5k at press time. These flows indicate strong spot interest but also rising distribution by profit-takers.
Source: Coinalyze (buy/sell data), CoinGlass (netflow), TradingView (indicators) — all mentioned as plain text.
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Positive accumulation typically precedes sustained bullish moves, but visible profit-taking can cap short-term gains. The observed Buy–Sell Delta and elevated volumes point to strong interest that may support further upside if inflows persist.
Profit-taking increases selling pressure even amid strong inflows. As FLR climbed, holders who were previously underwater realized gains, contributing to sustained net outflows on some days despite positive cumulative netflow. This dynamic explains the rapid peak and subsequent pullback toward $0.025.
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