XRP Lending Plan Awaits Approval as $1.60 Resistance Holds
XRP price rose to $1.6581 on September 23 before retreating to about $1.51, leaving $1.60 as the next key resistance level. A sustained move above $1.60 could bring the recent high near $1.66 and the previous September peak around $1.70 into focus.
The XRP Ledger lending plan remains unactivated on mainnet. XLS-65 would introduce Single Asset Vaults for assets such as XRP and RLUSD, while XLS-66 would allow loan brokers to use pooled funds for fixed-term lending. A related amendment, LendingProtocolV1_1, would add time-based deposit, lending and withdrawal rules.
The XRP Ledger requires more than 80% support from trusted validators for two consecutive weeks before an amendment can activate. XLS-65 and XLS-66 have not completed that process, so there is no confirmed launch date for XRP Ledger lending.
The proposed lending system could increase use of the XRP Ledger, but its effect on XRP demand is uncertain. XRP-funded vaults would directly use XRP, while RLUSD-funded loans would mainly create demand for RLUSD. The system would also carry borrower default and depositor-loss risks.
XRP remains above its 20-day moving average near $1.40, but the 20-day Chaikin Money Flow reading of -0.09 indicates weak buying pressure. A break below $1.40 could expose support around $1.28-$1.29. For traders, validator approval is a potential catalyst, but actual lending adoption and a confirmed break above $1.60 remain necessary to strengthen the bullish case.
Neutral
The near-term market impact is neutral because the lending proposals have not been approved or activated on mainnet. The plan is potentially positive for the XRP Ledger ecosystem, but it does not yet create confirmed demand for XRP. This distinction is important because loans funded with RLUSD or other issued tokens may increase network activity without requiring borrowers to purchase significant amounts of XRP.
For short-term traders, XRP’s retreat from $1.6581 to around $1.51 and the unconfirmed break above $1.60 suggest fading momentum. The negative 20-day Chaikin Money Flow reading of -0.09 reinforces the lack of strong buying pressure. A sustained break above $1.60 could improve sentiment and target roughly $1.66-$1.70, while a move below the 20-day average near $1.40 could expose the $1.28-$1.29 area.
Longer term, validator approval could act as a positive catalyst if financial firms and developers adopt the lending system. However, as seen with other blockchain upgrades, software releases and governance votes do not guarantee immediate user growth or token demand. Traders should therefore monitor validator support, mainnet activation, vault deposits, loan volumes and the share of lending conducted in XRP rather than RLUSD. Until those metrics improve, the news is more supportive of ecosystem development than an immediate bullish XRP price signal.