- Flare’s price rose above $0.028 before trimming gains.
- The project’s DeFi ecosystem, boosted by FXRP, has driven a significant increase in active users and overall network activity.
- As Flare’s oracle services gain traction, could bullish price targets push beyond $0.030 and sustain further upside momentum?
Flare (FLR), the native token of the Flare Network, climbed more than 10% over the past week to test $0.028, significantly outperforming the broader cryptocurrency market amid widespread declines.
Trading near $0.025 at the time of writing, FLR reclaimed key resistance levels after bouncing from lows around $0.023.
With bullish momentum driving the move, Flare could target $0.038 or higher.
Supported by robust technical indicators and growing adoption of Flare’s decentralized finance ecosystem, this rally has attracted considerable interest from both retail and institutional investors.
FXRP Integration and XRP DeFi
The recent surge in Flare’s value stems largely from its integration with XRP through the FXRP token, enabling XRP to participate in DeFi.
Flare Network’s FAssets mainnet enables the conversion of XRP into FXRP, unlocking deeper liquidity and new use cases such as lending and borrowing.
Total value locked on the platform has jumped to $217 million in an integration that positions Flare as a key bridge between XRP’s non-smart-contract capabilities and decentralized finance.
“For over a decade, XRP has provided fast, efficient settlement at scale. FXRP on Flare extends that strength with composability, opening new growth opportunities: XRP as collateral, liquidity and yield in DeFi,” Flare’s team posted on X.
In addition, institutional backing for the token and partnerships focused on interoperability have further strengthened investor confidence, supporting FLR’s price momentum.
Flare Price: $0.038 Target and Technical Outlook
Flare was trading around $0.0256 at the time of publication.
The token moved within a daily range of $0.0245 to $0.0284, marking a 3.4% gain over the past 24 hours.
On the chart, FLR cleared the 23.6% Fibonacci retracement level at $0.0217.
This places FLR well above its 7-day simple moving average of $0.0246, indicating strong short-term bullish control.
Meanwhile, the moving average convergence divergence (MACD) remains bullish.
Specifically, the MACD line has crossed above the signal line, confirming upward momentum.
chart of Flare from TradingView
Although the relative strength index (RSI) has eased and sits near 55, staying above the neutral mark indicates bulls retain control.
Some further gains are possible before prices enter overbought territory.
If FLR holds support above $0.0264, it could rise to $0.0389, aligning with the 61.8% Fibonacci retracement level.
That move would allow buyers to target $0.040 and beyond—levels last seen in January 2025 and April 2024.
However, if current levels fail to hold, a pullback toward $0.024 is possible, with deeper support around $0.022.