XRP Surges Near $1.34 Amid Growing Institutional Credit Interest

XRP has been trading near $1.34 amid growing interest in its use as collateral for institutional credit, according to Jazzi Cooper, Head of Product at RippleX.

This narrative links XRP to lending beyond cross-border payments, though key protocol upgrades (XLS-65 and XLS-66) enabling on-chain lending are still awaiting validator approval and are not yet active on the mainnet.

Analyst Ali Martinez identifies a support zone between $1.31-$1.35 and a breakout confirmation level at $1.38, with a potential price target of $1.60 if the breakout occurs.

Despite the promising institutional credit story, XRP's price movement still depends on technical confirmations and the activation of lending features on the XRP Ledger.