TLDR
- XRP jumped nearly 19% as broader crypto markets rallied and XRPL lending developments gained attention.
- Ripple backed XLS-65 and XLS-66, which would introduce native vaults and lending infrastructure to XRPL.
- XLS-65 has about 40% validator support, while XLS-66 has secured more than 37% support.
- Both amendments require more than 80% validator support for two consecutive weeks before mainnet activation.
- XLS-66 would enable fixed-term uncollateralized loans while institutions conduct credit underwriting and compliance off-chain.
XRP climbed nearly 19% as broader crypto markets rallied and Ripple backed two XRP Ledger amendments designed to introduce native lending and single-asset vault infrastructure for institutional finance.
XRP Price Jumps Nearly 19% Amid Crypto Market Rally
XRP traded near $1.38 after gaining about 19% over 24 hours as the wider cryptocurrency market moved higher. Bitcoin also crossed $78,000 during the rally, supporting gains across major digital assets.
The move 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 regulatory roles for 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 requires at least 28 of 35 votes.
🚨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 one 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 lending directly to XRPL. Institutions would handle borrower checks and credit decisions off-chain, while the ledger 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 using 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 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
