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Crypto

XRP could top $3.40 in months, Canary Capital CEO says

Steven McClurg (스티븐 맥클러그), CEO of Canary Capital, said it would not be surprising if XRP rises above $3.40 within the next few months, citing growth in institutional lending and yield products on the XRP Ledger. XRP traded around $1.50 after rising 49 percent in a week. McClurg said institutions prefer more centralised, compliant infrastructure and pointed to Cicada Credit and Clearpool as examples of expansion.

Crypto

Ripple targets $10 billion private credit market with institutional lending on XRP Ledger

Ripple is moving to target the global private credit market worth more than $10 billion by adding institutional lending to the XRP Ledger. The RippleX development team plans to work with Clearpool Finance and Cicada Partners to introduce the feature. Loans would use Ripple’s regulated stablecoin RLUSD, while key processes would run on XRPL, requiring XRP for fees and wallet reserves. The plan also includes protocol-level security measures and identity and clawback features, with mainnet timing not yet set.