- Flare’s price climbed above $0.028 before the recent gains.
- The project’s DeFi ecosystem, strengthened by FXRP, has driven a significant rise in active users and increased network activity.
- As Flare’s oracle services gain adoption, bulls could push the price above $0.030, potentially providing room for further upward momentum.
Flare (FLR), the native token of the Flare Network, has risen more than 10% over the past week to test $0.028, outperforming the broader crypto market amid widespread declines.
Trading near $0.025 at the time of writing, FLR broke through key resistance levels after recovering from lows around $0.023.
With upward momentum driving the price, Flare could target $0.038 or higher if buying pressure continues.
Supported by robust technical indicators and growing use of Flare’s decentralized finance ecosystem, this rally has attracted attention from retail and institutional investors alike.
FXRP token and XRP DeFi integration
Flare’s recent surge has been fueled by its integration with XRP via the FXRP token, enabling XRP to participate in DeFi.
Flare Network’s FAssets mainnet facilitates converting XRP into FXRP, unlocking deeper liquidity and new use cases such as lending and borrowing.
The platform’s total value locked has risen to $217 million in an integration that positions Flare as a leading bridge between XRP’s non-smart-contract capabilities and decentralized finance.
“For more than a decade, XRP has powered fast, efficient settlement at scale. FXRP on Flare expands that strength with composability, opening new growth opportunities: XRP as collateral, liquidity, and yield in DeFi,” the Flare team wrote on X.
Institutional backing and partnerships focused on interoperability have further bolstered investor confidence, helping to fuel FLR’s price momentum.
Flare price outlook: $0.038 target and technical view
Flare is trading around $0.0256 at the time of writing.
The token moved within a daily range of $0.0245 to $0.0284, marking a 3.4% increase over the past 24 hours.
On the chart, FLR cleared the 23.6% Fibonacci retracement level at $0.0217.
This places FLR comfortably above its 7-day simple moving average of $0.0246, indicating strong short-term upside control.
Meanwhile, the moving average convergence divergence (MACD) remains bullish.
Specifically, the MACD line has crossed above the signal line, confirming upward momentum.
Although the relative strength index (RSI) has cooled and sits near 55, remaining above neutral suggests bulls still control the market.
Further gains could arrive before the asset reaches overbought territory.
If FLR maintains support above $0.0264, it could climb to $0.0389, aligning with the 61.8% Fibonacci retracement level.
That advance would give buyers the chance to aim for $0.040 and higher—levels last seen in January 2025 and April 2024.
Conversely, failure to hold current levels could prompt a pullback toward $0.024, with deeper support around $0.022.