In Australian conversation, I’m rapt means “I’m delighted” or “I’m extremely pleased”. It is stronger than I’m happy and commonly follows good news or an outcome that has gone especially well.
A: How did the interview go?
B: I got the job. I’m rapt.
Rapt is pronounced /ræpt/. In broader English it can also mean completely absorbed, as in rapt attention. Cambridge labels the “extremely happy” sense as informal Australian English. Wrapped also appears in Australian usage as a homophonous informal variant, so it is not simply an error, although I’m rapt is the clearest spelling. In formal settings, I’m delighted or I’m very pleased is safer.
https://dictionary.cambridge.org/dictionary/english/rapt
https://www.abc.net.au/news/2015-02-17/martin-re-signs-with-tigers-for-two-more-years/6132596
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