Ripple (XRP) surged past $0.50 on Monday, recovering from an eleven-month low of $0.4188 reached on Saturday after XRP Ledger developers proposed a native lending protocol to help Ripple establish a foothold in DeFi, lending and borrowing for users.
XRP recovers from weekend massive decline after developers propose native lending on XRP Ledger Ripple surged past $0.50 on Monday, recovering from an eleven-month low of $0.4188 reached on Saturday after XRP Ledger developers proposed a native lending protocol to help Ripple establish a foothold in DeFi, lending and borrowing for users.
This development, coupled with the upcoming halving event, suggests that a short-term correction play is in the works. Going forward, investors need to monitor buy-the-dip opportunities closely since BTC tends to continue its bull run after halving. Crypto let off steam rather than start a reversal It was a non-boring weekend for the cryptocurrency market. Market sentiment swung sharply towards buying the dollar and selling stocks, gold, and cryptos on Friday afternoon.
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