XRP climbed nearly 19% over 24 hours to trade near $1.38 as broader cryptocurrency markets rallied and Ripple voted to advance two XRP Ledger amendments designed to introduce native single-asset vault and lending infrastructure for institutional finance. The proposals — the Single Asset Vault amendment (XLS-65) and the Lending Protocol amendment (XLS-66) — remain under validator review and short of the support required for mainnet activation.

XRP Price Jumps Nearly 19% Amid Crypto Market Rally

XRP changed hands near $1.38 after gaining roughly 19% over 24 hours, in step with a wider move higher across the cryptocurrency market. Bitcoin also crossed $78,000 during the rally, supporting gains across major digital assets.

The advance followed President Donald Trump's renewed call for Congress to pass the CLARITY Act. The proposed legislation would establish a federal crypto market structure and clarify the regulatory roles of the SEC and CFTC.

Meanwhile, the U.S. Treasury's decision to double buybacks of longer-dated government debt also supported risk assets. The action briefly lowered Treasury yields and increased demand across stocks and cryptocurrencies.

XRP's rally also coincided with fresh developments around lending infrastructure on the XRP Ledger. However, the broader market recovery means the price increase cannot be attributed solely to the proposed XRPL upgrades.

Ripple Backs XLS-65 and XLS-66 Lending Amendments

Ripple has voted in favor of the Single Asset Vault amendment, XLS-65, and the Lending Protocol amendment, XLS-66. Both proposals remain under validator review and have not yet reached the threshold required for activation.

XLS-65 has secured about 40% validator support, while XLS-66 has received more than 37%. XRPL amendments require more than 80% support from trusted validators for two consecutive weeks before they can activate. Under the current validator set, that translates to at least 28 of 35 votes. Rather than relying on hard forks for major upgrades, XRPL activates approved changes automatically through this on-ledger voting process; if validator support slips below the threshold, the two-week clock resets. The vault and lending proposals would extend the ledger's native DeFi capabilities beyond the automated market maker (AMM) amendment that activated on mainnet in 2024.

🚨BREAKING: RIPPLE VOTES TO ADVANCE SINGLE ASSET VAULT (XLS-65) AND LENDING PROTOCOL (XLS-66)

Ripple voted in favor of Single Asset Vault (XLS-65) and Lending Protocol (XLS-66) amendments, moving them closer to enabling on the XRP Ledger.

Meanwhile, 39% of validators have now… pic.twitter.com/nKGaagryP2

— Rednirav (@CryptoRednirav) August 10, 2026

Single Asset Vaults would allow users to pool a single asset, such as XRP or RLUSD, into an on-ledger structure. Depositors would receive proportional shares, while the vaults could supply liquidity to other applications.

XLS-66 would add fixed-term, uncollateralized lending directly to XRPL — a credit-based model closer to traditional institutional finance than the overcollateralized lending used by most DeFi protocols, where borrowers must post more collateral than they borrow. Institutions would handle borrower checks, credit underwriting and compliance decisions off-chain, while the ledger itself would manage loan terms, repayments, interest and defaults.

Clearpool and Cicada Prepare RLUSD Lending Platform

Clearpool, Ripple and Cicada Partners are also developing an institutional credit platform built on the proposed XRPL infrastructure. Clearpool has processed more than $930 million in institutional loans and will provide its lending technology for the project.

Cicada will handle borrower assessment, loan origination and servicing, drawing on more than $860 million in underwriting experience. Ripple will participate as a limited partner alongside other institutional investors.

RLUSD, the U.S. dollar-pegged stablecoin that Ripple launched in late 2024, will serve as the lending asset rather than XRP. The platform plans to provide working-capital loans to fintech firms, payment providers and crypto companies using stablecoins.

Clearpool is currently testing the integration on XRPL Devnet. A mainnet launch still depends on validator approval of XLS-65 and XLS-66, meaning the proposed institutional lending infrastructure remains under development.

Source: CoinCentral