XRP Slips Below $1.40 Support Despite Coinbase Utility Boost

• Coinbase lets people borrow up to $100,000 in USDC using XRP and other coins as collateral.
• Despite the utility boost, XRP slips below $1.40 with the downward momentum.
• The entire crypto market turned cautious, where both Bitcoin and Ethereum stalled.

It was expected that XRP would experience a big boost due to Coinbase now letting people borrow up to $100,000 in USDC using XRP, Dogecoin, Cardano, and Litecoin as collateral. This is done through a lending tool built with Morpho on the Base blockchain. 

Eligible US users (New York excluded) can now borrow up to $100,000 in USDC without selling their crypto in an effort to provide liquidity access to token holders during periods of market stagnation. However, XRP still got caught up in the broader market slump and fell below the key $1.40 level on February 20.

There’s no specific reason for the drop, except for …

Read The Full Article XRP Slips Below $1.40 Support Despite Coinbase Utility Boost On Coin Edition.