XRP Lending Infrastructure Could Unlock New Borrowing Strategy, Analyst Says
$XRP analyst James Dula says new lending infrastructure on the $XRP Ledger could eventually let holders borrow against their $XRP without selling it. He also believes they could earn yield on unused $XRP to help offset borrowing costs. In a post on X, Dula linked several recent developments. These include Coinbases $XRP-backed loans, government-backed crypto mortgage structures, and proposed $XRP Ledger lending features. He argued that together they could create a new financial model for long-term $XRP holders. Borrow Against $XRP Without Selling According to Dula, $XRP holders can already use their tokens as collateral for crypto-backed loans through Coinbase, which added $XRP as eligible collateral earlier this year. He used a hypothetical example. An investor holding 10,000 $XRP worth about $1 million, assuming an $XRP price of $100, could pledge 2,500 $XRP valued at around $250,000. With a loan-to-value ratio of roughly 49%, the investor could borrow about $120,000 in USDC without selling their $XRP. Dula said the transaction would be treated as a loan rather than a sale. That means it would not trigger a taxable capital gains event while allowing the investor to keep exposure to potential future $XRP price gains. Crypto-Backed Mortgages Show Where the Market Is Heading Dula also pointed to a