# XRP's Drop Below $1 Triggers 883 Liquidations of Coinbase-Wrapped XRP Loans on Base

Borrowers gave up 4.18 million cbXRP and about $53 million in loans remain at risk, but on-chain records do not show liquidators selling native XRP.

- Published: 2026-11-14T05:48:35.118Z
- Canonical: https://polylog.news/crypto/2026-11-14/xrp-s-drop-below-1-triggers-883-liquidations-of-coinbase-wra
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CryptoSlate](https://cryptoslate.com/xrp-loans-trigger-883-liquidations-and-53m-remains-at-risk/), [Polylog editors](https://polylog.news)

Loans backed by cbXRP, the token Coinbase issues on its Base network against XRP it holds, went through 883 liquidations in which borrowers surrendered 4.18 million cbXRP, CryptoSlate reports. About $53 million in loans remain at risk. XRP…

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