• FLR gains 10% after announcing XRP DeFi access via Uphold; targets $0.022 and $0.028 next.
  • Privacy coins Monero and Zcash rebound strongly, suggesting broader bullish momentum.

Flare leads the Layer-1 charge as Uphold and XRP integration fuel 10% surge; eyes $0.022-$0.028 targets as indicators flash bullish.

Flare Network’s native token, FLR, surged nearly 10% over the past 24 hours, emerging as one of the top-performing assets among major cryptocurrencies. The rally follows Flare’s pivotal move to unlock decentralized finance (DeFi) opportunities for XRP holders via its FAssets system, in collaboration with Uphold. With the price now trading above key technical levels and on the verge of a potential breakout, investors are watching closely for continuation above the $0.022 resistance zone.

XRP-Powered DeFi Sparks Buying Frenzy on Flare

Flare’s recent announcement has the crypto community buzzing. On June 1, Flare—a Layer-1 blockchain—announced that XRP holders can now tap into high-yield DeFi protocols through its FAssets integration and a series of new exchange partnerships. This development not only expands the utility of XRP but also strengthens Flare’s position as a top-tier EVM-compatible platform driving cross-chain DeFi innovation. Given Flare’s deep roots in the XRP ecosystem, this marks a significant step forward in its evolution.

Technical Indicators Signal Further Upside for FLR

From a technical perspective, FLR recently broke out of a multi-month descending channel on the 4-hour chart, pushing past its 200-day EMA at $0.01908—a key bullish indicator. The Chaikin Money Flow (CMF) has climbed to 0.05, reflecting solid accumulation, while the Money Flow Index (MFI) jumped to 76.11, pointing to strong capital inflows.

Meanwhile, the MACD is nearing a bullish crossover, adding weight to the trend reversal outlook. If FLR can decisively break above the $0.022 resistance, it could quickly aim for the $0.027–$0.028 range in the near term. Should momentum persist, bulls may continue to push higher.

If momentum continues, bulls may attempt to reclaim the January peak at $0.030. However, failure to maintain current volume levels could push prices back to $0.016 or lower support at $0.01370.

Privacy Coins Join the Upswing

While Flare leads the charge, privacy-focused tokens Monero (XMR) and Zcash (ZEC) are also gaining ground. Monero surged 7% on Sunday, forming a bullish engulfing candle and recovering from the 50-day EMA at $312. It currently targets $365, aligned with the 23.6% Fibonacci level.

Zcash, meanwhile, climbed 5%, now approaching resistance at $56. A breakout could see ZEC push toward the $65 mark. Bullish RSI and EMA crossovers support a medium-term upside.

Flare’s recent breakout seems to be fueled by its XRP-centered DeFi integration, acting as a key catalyst behind the move. The fundamentals are now lining up with strong technical momentum. As privacy coins stage a comeback and Layer-1 networks reclaim the spotlight, traders are increasingly betting on continued gains across these high-performing segments.

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