Coinbase has launched a new lending option that lets eligible US residents borrow up to $100,000 in USDC using XRP, Dogecoin, Cardano, or Litecoin as collateral. The facility is built with Morpho on the Base blockchain and excludes New York. It enables liquidity access without selling crypto holdings during periods of market stagnation.
However, XRP slipped below the $1.40 level amid a broader market slump as Bitcoin and Ethereum paused on macro data and tighter liquidity. XRP briefly failed to hold above $1.45, slipped under $1.42, and moved toward $1.40, signaling ongoing short-term weakness. According to CoinMarketCap, XRP’s price was hovering around $1.40.
It seems that XRP’s drop is part of a bigger crypto slump, with analysts saying big investors are staying on the sidelines and there is no fresh news to spark a rally. Global economic developments and geopolitical worries are also pushing people toward safer assets. If market sentiment improves, this new credit line could support token holders without forcing sales.
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