How much is wrapped XRP worth?

I'm curious about the value of wrapped XRP. Given its unique nature as a tokenized version of XRP, I'm wondering how it's priced in comparison to traditional cryptocurrencies. I've noticed some fluctuations in its market value, and I'm eager to understand what factors contribute to these changes. Is there a specific formula or metric that determines the worth of wrapped XRP? Additionally, how does its value correlate with the performance of the underlying XRP asset? I'd appreciate any insights you can provide on this topic.