Assessing Flare’s [FLR] rebound odds after XRP-linked upgrade

Flare [$FLR] rallied 8.8% in a day on Thursday, the 14th of May. The following day, the FAssets v1.3 mainnet upgrade went live.

This upgrade allows Ripple [$XRP] users to mint FXRP tokens more easily, via a single $XRP Ledger transaction.

This was bullish for the Flare network because it makes the $XRP liquidity easier to onboard onto the FXRP ecosystem and boosts adoption potential.

Yet, $FLR saw a sell-the-news type price action recently. It has receded 8.3% after reaching a local high of $0.01 on Friday.

The weekly Flare chart signaled a downtrend in progress. However, there were some encouraging signs. The $0.0086 level, which had been a key horizontal level in 2026, was flipped to support once again.

At the same time, the MACD formed a bullish crossover but was still well below the zero line. This indicated a temporary momentum shift, but warned that the prevailing trend for this timeframe was bearish.

The OBV also halted its downward slide in recent months, but had yet to make a new high.

Is the $0.0086 flip enough to kickstart a relief rally?

The 4-hour chart showed a strong uptrend in progress. The technical indicators reinforced the idea of buyer strength, although there was potential for a pullback in the near term based on the MACD’s movement.

The $0.0086 level was a short-term demand zone that could be tested in case of a pullback.

A prolonged sell-off over the coming week could see $FLR fall to the $0.0080 support level.

Traders should remember that the longer-term trend was bearish. The current rally, if it can get going, would represent a higher timeframe relief rally.

Bitcoin [BTC] fell below the psychological $80k number. Fears of a broader U.S. market crash prompted could heighten volatility in the altcoin market in the coming days.

Final Summary

• The FAssets v1.3 mainnet upgrade became a sell-the-news event at the nearby round-number resistance.
• Bitcoin’s next price moves will influence $FLR’s market sentiment. The altcoin is expected to continue its short-term correction.