XRP Surges Nearly 19% as Ripple Advances XRPL Lending and Vault Upgrades

XRP's price surged nearly 19% as the broader crypto market rallied, driven by advancements in XRPL lending and vault upgrades proposed by Ripple.

Ripple backed two XRP Ledger amendments: Single Asset Vault (XLS-65) and Lending Protocol (XLS-66). These proposals would introduce native lending infrastructure to the XRP Ledger, enabling fixed-term uncollateralized loans for institutions while they conduct credit underwriting and compliance off-chain.

XLS-65 has secured about 40% validator support, while XLS-66 has received more than 37%. The amendments require more than 80% support from trusted validators for two consecutive weeks before activation. Ripple also voted in favor of these proposals, which will be reviewed by validators.