Morpho loan stress exposes cbXRP, but spares native XRP
A Morpho loan stress test using a November 6 snapshot found 8.84 million USDC across 1,070 positions would be at risk from a further 10% oracle decline, assuming debt and collateral stay unchanged. The exposure centers on cbXRP, the Coinbase-wrapped XRP token, while native XRP is spared. Traders holding wrapped XRP in DeFi lending markets should watch oracle pricing and liquidation thresholds, since a modest price drop could cascade through over a thousand positions.