Kinetic Launches XRP-Backed Lending Platform with 0.04% Base Rate
Kinetic's new FXRP lending market offers loans at a 0.04% base rate, with rewards boosting returns.
Kinetic's new FXRP lending market offers loans at a 0.04% base rate, with rewards boosting returns. XRP (XRP) is trading at ₹119 ($1.25). This is an original Token Times brief based on reporting by CryptoSlate, with live market data added, as of Tue, 03 Nov 2026 07:00:01 UTC.
This development provides XRP holders with new opportunities for yield generation and liquidity, potentially increasing the utility and demand for XRP within DeFi ecosystems.
- Kinetic launched an XRP-backed lending market with a 0.04% base rate.
- FXRP loans are designed to separate collateral use from loan demand.
- Market incentives are in place to boost returns beyond the base rate.
- XRP price is $1.25, down 0.83% in the last 24 hours.
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- Kinetic Launches XRP-Backed Lending Platform with 0.04% Base Rate — this brief
Kinetic has launched a new lending market that allows users to borrow against their 
XRP holdings, with a base interest rate of 0.04%. This initiative, which began on November 1, aims to provide XRP holders with opportunities to generate yield and access liquidity without selling their assets.
The FXRP lending market is designed to separate the use of XRP as collateral from the demand for loans, offering a distinct product within the decentralized finance (DeFi) space. According to CryptoSlate, the platform also includes market incentives to enhance returns beyond the base rate, making it more attractive to potential users.
This development comes at a time when the broader crypto market is experiencing a downturn, with the total market cap at $2.64 trillion and 
Bitcoin down 2.28% in the last 24 hours. The Fear & Greed Index stands at 26, indicating a state of fear among investors.
XRP, the cryptocurrency associated with Ripple, is currently priced at $1.25, down 0.83% in the last 24 hours and 3.65% over the past week. The market cap of XRP is $79.17 billion, reflecting its position as one of the top cryptocurrencies by market capitalization.
The launch of Kinetic's XRP-backed lending market could potentially increase the utility of XRP within DeFi ecosystems, providing new avenues for users to leverage their holdings. As the platform matures, it will be important to monitor the uptake of these lending services and the impact on XRP's price and market dynamics.
Since this brief published about 4 hours ago, XRP (XRP) has moved from ₹118.66$1.25 to ₹118.66$1.25 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹129.69 (about $1.25), down 0.2% over 24 hours. The rupee itself trades about 9.3% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 3, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Kinetic Launches XRP-Backed Lending Platform with 0.04% Base — questions & answers
What is the base interest rate for FXRP loans on Kinetic?
The base interest rate for FXRP loans on Kinetic is 0.04%.
How does Kinetic's platform differentiate collateral use from loan demand?
Kinetic's platform is designed to separate the use of XRP as collateral from the demand for loans, offering a distinct product within the DeFi space.
What is the current price of XRP and how has it performed recently?
XRP is currently priced at $1.25, down 0.83% in the last 24 hours and 3.65% over the past week.
How much is 1 XRP worth in rupee today?
About ₹129.69 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.25. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CryptoSlate. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.