![Flare [FLR] Faces Correction Despite XRP Upgrade Benefits](/_next/image?url=https%3A%2F%2Fimages.askfuzz.ai%2Farticle_images%2Fflare-flr-faces-correction-despite-xrp-upgrade-benefits.webp&w=3840&q=75)
According to reports from AMBCrypto, Flare [FLR] experienced significant volatility following its recent upgrade. The cryptocurrency rallied 8.8% on Thursday, May 14th, coinciding with the FAssets v1.3 mainnet upgrade going live. However, the positive momentum was short-lived as FLR receded 8.3% after reaching a local high of $0.01 on Friday. This sell-the-news price action occurred despite the upgrade's potential benefits for the Flare network.
As reported by AMBCrypto, the FAssets v1.3 mainnet upgrade introduced significant improvements for Ripple [XRP] integration. The upgrade allows Ripple users to mint FXRP tokens more easily, via a single XRP Ledger transaction. This development was bullish for the Flare network as it makes XRP liquidity easier to onboard onto the FXRP ecosystem and boosts adoption potential. The upgrade represents a strategic advancement in cross-chain tokenization capabilities.
According to the technical analysis from AMBCrypto, the $0.0086 level, which had been a key horizontal level in 2026, was flipped to support once again. The MACD formed a bullish crossover but remained well below the zero line, indicating a temporary momentum shift while warning of a bearish prevailing trend. The OBV also halted its downward slide in recent months but had yet to make a new high. The 4-hour chart showed a strong uptrend in progress with technical indicators reinforcing buyer strength.
As reported by AMBCrypto, the $0.0086 level serves as 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. The analysis suggests that while the current rally represents potential relief, the longer-term trend remains bearish. The report notes that Bitcoin's next price moves will significantly influence FLR's market sentiment, with the altcoin expected to continue its short-term correction.
