Wrapped XRP (WXRP) presents a distinct profile as a functional utility token rather than a growth-oriented protocol. Its overall evaluation is heavily impacted by the dichotomy between its operational strengths and its lack of organic development activity. The project scores highly in Security (8/10) and Team and Governance (7.5/10), reflecting its status as an institutional-grade product backed by regulated custodians like Hex Trust and Anchorage Digital. This centralized structure ensures a stable 1:1 peg and a clean security record, making it a reliable bridge for accessing Ethereum DeFi. However, the score is significantly dragged down by Active Development (1/10), as the project functions as a finished, closed-source proprietary tool with no public code lifecycle. Tokenomics (6.8/10) and Market Use Case (7.2/10) are solid but constrained; while the elastic supply model effectively maintains the peg, the token serves a niche utility role with a relatively low market capitalization compared to the native XRP asset. Community Support (5.5/10) is derivative and utilitarian, lacking independent momentum. Ultimately, WXRP is a robust infrastructure tool for interoperability but carries the centralization risks inherent to custodial wrapping.