XRP Grinds Toward $1.31 Resistance as Lending Markets Open to Its Holders

Three Things to Know XRP holders can now borrow stablecoins against wrapped versions of their coins without selling them. The token still trades under both its key moving averages, and momentum keeps pointing down. A floor near $1.05 is the level XRP-backed borrowers will watch most closely. XRP holders gained a new way to raise dollars this week. Lending markets on other blockchains now accept wrapped XRP as collateral for stablecoin loans. The timing is awkward. XRP has slid for a month, and every loan backed by it depends on the collateral holding its value. Traders now want to know whether buyers can halt the drift before falling prices start pushing new borrowers toward liquidation.

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