The XRP Ledger is getting closer to activating its native lending infrastructure, but two key amendments still need more validator support. LendingProtocol has secured 22 of the 29 votes required, while SingleAssetVault has 23.
Neither has entered the required 14-day activation countdown yet, making the next validator votes critical.
XRPL Amendment Needs Validator Approval
According to the signed XRPL amendment record dated November 11, LendingProtocol had 22 “yes” votes from 35 trusted validators, leaving it seven votes short of the required 29. SingleAssetVault had 23 votes, meaning six more validators must support it.
The distinction matters because XRPL does not activate an amendment simply after it crosses the voting threshold. More than 80% of trusted validators must support the amendment continuously for two weeks.
With 35 validators, 29 votes are required because 28 represents exactly 80%, not more than 80%. If support falls back to 80% or below, the two-week period resets.
As of the November 11 record, both amendments remained in voting rather than the activation countdown.
XRP Ledger Upgrade and Code Fix Needed
The XRP Ledger (XRPL) is working on a new system that will allow people and companies to lend and borrow crypto. The new system will support loans for a fixed period, with lenders earning interest.
Before launching it, XRPL is fixing a software bug through the fixCleanup3_4_0 update. This bug could allow some accounts to create new tokens when they should only be able to destroy them. It could also cause problems with tracking late loan payments.
Fixing it first will help prevent these problems when the lending system goes live.
Banks and payment companies could also use the system to borrow money for daily payments instead of selling the crypto they already hold. The XRP Ledger will record loan payments, while checks such as customer identity and loan risk will be handled separately.
Overall, this upgrade could give XRP another use beyond sending and receiving payments.
Could the Upgrade Push XRP Higher?
Its impact will depend on how many people and institutions use the new lending system after its launch. If more XRP holders lock their tokens in lending vaults to earn interest, fewer tokens may be available for sale on exchanges.
This could reduce selling pressure, especially if large companies and retail holders choose to earn interest instead of selling their XRP.
However, XRP is currently under pressure, falling 21% over the past seven days to around $1.042.
Traders are now watching the $1 level as the next major psychological support. A further drop could push the price below this level.
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