- Flare’s price climbed above $0.028 before trimming gains.
- The project’s DeFi ecosystem, bolstered by FXRP, has driven a notable increase in active users and overall network activity.
- As Flare’s oracle services gain traction, could bulls raise their price targets beyond $0.030 and enable further upside momentum?
Flare (FLR), the native token of the Flare Network, rose more than 10% over the past week to test $0.028, outperforming the broader cryptocurrency market amid widespread declines.
Although trading near $0.025 at the time of writing, FLR has broken key resistance levels after rebounding from lows around $0.023.
With bullish momentum driving the move, Flare could target $0.038 or higher.
Supported by strong technical indicators and growing adoption of Flare’s decentralized finance ecosystem, the rally has drawn attention from both retail and institutional investors.
Integration of FXRP Token and XRP DeFi
Flare’s recent surge is largely attributable to its integration with XRP through the FXRP token, enabling XRP to participate in decentralized finance.
Flare Network’s FAssets mainnet enables conversion of 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 has positioned Flare as a leader in bridging XRP’s non-smart-contract functionality with DeFi capabilities.
“For over a decade, XRP has delivered fast, efficient settlement at scale. FXRP on Flare expands that strength with composability and unlocks new growth opportunities: XRP as collateral, liquidity, and yield in DeFi,” the Flare team wrote on X.
Institutional backing and interoperability-focused partnerships have further boosted investor confidence and supported FLR’s price momentum.
Flare Price Outlook: $0.038 Target and Technical View
Flare was trading around $0.0256 at the time of writing.
The token moved within a daily range of $0.0245 to $0.0284, posting a 3.4% gain over the last 24 hours.
On the chart, FLR broke above the 23.6% Fibonacci retracement level at $0.0217.
This places FLR well above its 7-day simple moving average (SMA) of $0.0246, indicating strong short-term bullish control.
Meanwhile, the moving average convergence divergence (MACD) indicator remains positive.
Notably, the MACD line has crossed above the signal line, confirming upward momentum.
Flare chart from TradingView
Although the relative strength index (RSI) has eased and sits near 55, it suggests bulls remain in control as long as it stays above the neutral midpoint.
Further gains are possible before the token reaches overbought levels.
If FLR holds support above $0.0264, it could climb to $0.0389, corresponding to the 61.8% Fibonacci retracement level.
That could allow buyers to aim for $0.040 and higher — levels last seen in January 2025 and April 2024.
Failing to maintain current levels, however, could trigger a pullback toward $0.024, with deeper support around $0.022.