Ripple Prime secures $200M credit line from Neuberger Berman to boost institutional crypto lending

Ripple Prime, Ripple's institutional brokerage arm, announced a $200 million credit line from asset manager Neuberger Berman to provide margin loans to hedge funds and institutional traders. This credit line allows clients to use traditional assets as collateral for crypto positions, bridging traditional and digital markets. Despite the announcement, XRP's price saw only a brief 2.7% spike, reflecting steady but not breakthrough institutional support. The next major price catalyst is the Senate Banking Committee's vote on the CLARITY Act, which could significantly impact XRP's price trajectory.