XRP price prediction: lending protocol has only 63 percent of validators behind it

The XRP Ledger's lending feature is getting closer, but it is not yet within reach. On Thursday morning, according to the voting register at XRPScan, 22 of 35 trusted validators support the LendingProtocol amendment, just under 63 percent. The associated Single Asset Vault has 23 votes. For the change to reach mainnet at all, it needs more than 80 percent on a sustained basis. The price is no help: XRP costs around $1.04 on Thursday morning, almost 20 percent less than a week ago.

What is established: support has grown steadily since August, but the threshold is still six to seven votes away. Our assessment follows further below. The vote is news for the future of the XRP Ledger, while for the price over the coming days, spot ETFs, the futures market and the $1 level matter. Where the price could head over a horizon of months is set out in our XRP price prediction.

Lending protocol on the XRP Ledger: 22 of 35 validators vote in favour

On the XRP Ledger, an amendment is a change to the network's rulebook that is voted on not by investors but by the operators of the validators. A validator is a server that checks and confirms new ledger states. Only the votes of validators on the default list of trusted nodes, the so-called Unique Node List, are counted. On Thursday morning, it has 35 entries.

Three amendments are tied to the lending feature. According to XRPScan, LendingProtocol and LendingProtocolV1_1 each have 22 votes, SingleAssetVault has 23. The portal crypto.news reported the same figures on Wednesday, as of November 10, and described the trend before that: on October 19, LendingProtocol had 19 votes and SingleAssetVault 21, and in August around 37 and 40 percent of validators. In just under four weeks, the lending protocol therefore gained three votes.

At that pace, the arithmetic remains open. XRPScan shows a threshold of 28 of 35 votes, crypto.news cites 29. Depending on the count, LendingProtocol is therefore six or seven votes short, the vault five or six. One of the operators, XRPL Lending Network, said on Wednesday, according to crypto.news, that its validator had voted for both amendments.

Who casts the votes

Each operator sets its server to support or reject, and every vote carries the same weight. Voting is continuous rather than tied to a cut-off date: with every new ledger state, the register counts which validators support a change. That is why no single company can order activation, Ripple included.

What the lending protocol and Single Asset Vault are meant to do on the XRP Ledger

The Single Asset Vault is a shared pool for exactly one asset. Anyone depositing XRP, the stablecoin RLUSD or another approved token receives shares in the pool, similar to fund units. The LendingProtocol builds on top of it: so-called loan brokers take the money from the vault and use it to issue fixed-term loans. The repayment obligations are recorded directly on the ledger.

The decisive difference from well-known DeFi protocols such as Aave lies in the collateral. According to the description at crypto.news, loans on the XRP Ledger are not secured by deposited coins. The brokers assess borrowers' creditworthiness off-chain, much like a bank. To protect depositors, there is a first-loss reserve: the broker puts up its own capital, which absorbs the first defaults before the deposits in the vault are touched.

LendingProtocolV1_1 was added with version 3.4.0 of the XRPL software. It adds closed vaults with subscription, investment and redemption phases and changes the accounting: interest only counts as earned when the borrower pays, not when the loan is granted. This is clearly aimed at institutional lenders, who are used to fixed windows for deposits and withdrawals.

The amendment rule: a two-week window starts at 80 percent

The rule is set out in the XRP Ledger documentation: an amendment becomes active when more than 80 percent of trusted validators support it for two weeks without interruption. If support drops below the threshold during those two weeks, the majority lapses, and the window only starts again once the votes are back.

That determines the earliest date. Even if the six to seven missing operators switched today, the lending feature would reach mainnet at the end of November at the earliest. At the pace seen since October, three votes in just under four weeks, the threshold would more likely be reached in the new year. None of the sources gives a fixed date.

That the rule works was last shown in early November: the bug fix fixCleanup3_4_0, which arrived with the same software version 3.4.0 as LendingProtocolV1_1, has been active since November 4 according to XRPScan and now has 33 of 35 votes. For the three lending amendments, that step is still pending.

Since Wednesday's XRP price prediction: price slips below $1.05

In our XRP price prediction from Wednesday, XRP stood at $1.06, and the funding rate on long bets was at a 13-month high. The price has not recovered since. According to CoinGecko, XRP trades at $1.044 on Thursday morning, with a 24-hour range between $1.042 and $1.078. The loss over seven days is 19.8 percent, over 30 days 23.3 percent.

So far, only the round $1 level has held. According to CoinGecko data, the lowest daily close of the past 90 days was $0.99 on August 17. The price has thus come within around five percent of it. Anyone wanting to follow the move daily will find the current level on our XRP price page.

The gap to the moving averages, by contrast, is widening. CoinGecko's daily closing prices give an average of around $1.21 for the past 20 days and around $1.34 for the past 50 days. On October 5, XRP still cost $1.52.

XRP spot ETFs ahead of their first anniversary on November 13

On Friday, the first US spot ETF on XRP turns one: the Canary XRP ETF launched on Nasdaq on November 13, 2025. Several providers have joined since. At the anniversary, the record is mixed. In October, the funds reported net inflows for the seventh month in a row according to industry trackers; in November the picture turned. For the days up to November 11, Coinpedia reported outflows of $10.4 million.

For investors in the EU, the US funds are not directly accessible anyway. European ETPs on XRP allow the price to be tracked through a securities account, as our crypto ETF guide shows. The inflows into the US funds nonetheless remain a signal, because they show whether large asset managers are buying XRP after the slump or reducing holdings.

XRP levels for the coming days: $1.00, $1.10 and $1.21

Three levels can be justified from the price data. The first is the dollar itself, supported by the August low of $0.99. A daily close below it would mark the lowest level since the summer and trigger stops below the round number.

The second level is $1.10. That is where XRP closed on November 10, before the price shed five percent in two days. A close above it would be the first sign that the wave of selling since November 5 is running out. The third level is the 20-day average at around $1.21, which is also close to the closing price of November 6. Only above it would the downtrend of recent weeks be broken.

For the futures market, Wednesday's picture remains important. Anyone betting on rising prices with leverage continues to pay funding to the other side. How open positions are developing is shown in our open interest chart. If you trade futures contracts, compare fees and liquidation rules first in our perp DEX comparison.

Our view: the lending vote is not yet carrying the XRP price

In the editorial team's view, the vote is a genuine argument for the XRP Ledger, but not an argument for the next few days. In favour: support has risen since August from around 37 to just under 63 percent, one operator after another is switching, and the lending feature would give the network its own source of yield for XRP holders for the first time. Against: even in the best case it will start at the end of November at the earliest, the pace of recent weeks points more towards 2027, and the loans are unsecured. A default at a broker would hit the first-loss reserve first and then the depositors.

The price is currently following other factors: outflows from the spot ETFs, expensive long bets in the futures market and the mood in the broader market, in which bitcoin has also lost more than eight percent in seven days. The bitcoin price prediction shows how closely XRP is currently tied to the leading cryptocurrency. As long as XRP closes below $1.10, the $1 level remains the more likely next target. This is an assessment of the situation, not a recommendation to buy or sell.

Lending XRP: supervision and risks for investors in the EU

If the lending feature goes live, XRP holders will be able to deposit their coins into a vault directly on the ledger and earn interest. Supervision has a gap here. The European crypto regulation MiCA covers exchanges, custodians and stablecoin issuers, but not the lending of crypto-assets. A vault on the XRP Ledger is therefore not a supervised product with deposit protection. If you are looking for yield on XRP, you can already compare providers that offer staking and yield under a licence, for example in the overview of staking and yield platforms.

What to clarify before depositing into a vault

Three questions are decisive: who is the broker, and how does it assess borrowers? How large is the first-loss reserve relative to the vault? And is there a fixed term during which the money cannot be withdrawn? Without an answer to all three, an interest rate of a few percent is no compensation for the risk of an unsecured loan.

XRP at $1.04: the window only opens at 28 votes

The situation on Thursday morning in three points, each with the right tool:

1. Follow the vote: the register at XRPScan shows daily whether LendingProtocol and SingleAssetVault are gaining votes. The two-week window only starts at 28 to 29 of 35 votes. If you want to use XRP directly on the ledger afterwards, you need your own wallet; the hardware wallet comparison shows models.
2. Set levels: $1.00 on the downside, $1.10 and $1.21 on the upside. A close below $1 would be the lowest since August. If you want to buy or rebalance holdings, the overview of regulated crypto exchanges lists providers with a MiCA licence.
3. Keep records: note every interest payment from a vault with its date and amount. Tax rules depend on where you live, and complete records make any later calculation easier.

(As of November 12, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy. Crypto-assets can lose value up to a total loss.)