Coinbase Expands Crypto-Backed Lending Service to Include XRP, Dogecoin, Cardano, and Litecoin

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 hours ago

XRP-4.528%

DOGE-4.082%

ADA-3.931%

Should l Buy XRP?

Increased Loan Limits: Coinbase has announced the expansion of its crypto-backed lending service to include XRP, Dogecoin, Cardano, and Litecoin, allowing users to borrow up to $100,000 by pledging these tokens, significantly enhancing financing flexibility for users.
Enhanced Risk Controls: The newly added tokens come with a maximum loan-to-value ratio of 49%, with liquidation initiated at 62.5%, reflecting their higher price volatility compared to Bitcoin and Ethereum, thus increasing borrowing risks.
Significant Market Potential: At the time of the announcement, the combined market value of ADA, LTC, DOGE, and XRP was approximately $120 billion, allowing Coinbase to tap into a substantial pool of potential borrowers, further driving growth in its lending business.
Optimized User Experience: Borrowers can access USDC almost instantly through Coinbase's website and mobile app, with no fixed repayment schedules, enabling users to manage cash flow flexibly while maintaining their long-term investments.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.963	1.153	1.293	1.482	1.622	1.811	1.951
Fibonacci	1.153	1.278	1.356	1.482	1.608	1.686	1.811

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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