XRP pulled back to about $1.51 on Sep. 23 after briefly touching $1.6581, leaving $1.60 as the level to reclaim. The pullback comes as two XRP Ledger amendments that would add native lending remain stuck in validator voting, with no confirmed mainnet start date.
XRP fell to about $1.51 on Sep. 23 after briefly rising above $1.6581 earlier in the session. That retreat puts $1.60 back in focus as the first level bulls need to reclaim, and it comes while the XRP Ledger's push into native lending sits in a validator vote that has yet to conclude.
XRP Ledger lending still needs validator approval
XRPL Commons describes the plan as a way to bring pooled lending onto the XRP Ledger without separate smart contracts. Two amendments carry the proposal: XLS-65 would create Single Asset Vaults holding one type of token, such as XRP or RLUSD, and XLS-66 would let loan brokers use funds in those vaults for fixed-term credit. A related amendment, LendingProtocolV1_1, would add vaults with set periods for deposits, lending, and withdrawals, and would count interest as income only once a borrower pays it.
However, XRP Ledger amendments need support from more than 80% of trusted validators for two consecutive weeks before they activate. XLS-65 and XLS-66 have not yet completed that process, so native lending still has no confirmed mainnet start date, even though the underlying code already shipped in a prior software release.
Would lending create demand for XRP?
A lending launch would give developers and financial firms another reason to use the XRP Ledger, but any effect on XRP's price would depend on which asset gets lent. An XRP-funded vault would use XRP as its lending asset, while a vault funded with RLUSD or another issued token would use that token instead, leaving XRP to keep its role in network fees and account reserves.
That distinction matters for a planned RLUSD credit product, which was tested for working-capital loans to fintech and payment companies using RLUSD rather than XRP as the credit asset. The product points to a use case for the lending rules, but it does not show how much XRP borrowers or lenders would need to buy. For holders, validator approval and actual use of the lending system remain separate milestones — a vote could open the feature, but subsequent vault deposits and loans would show whether firms adopt it.
XRP price faces another test near $1.60
XRP's daily range on Sep. 23 shows why $1.60 is the immediate test: the token opened near $1.57, reached $1.6581, and fell as low as $1.5070 before trading around $1.51. A move back above $1.60 would put the day's high near $1.66 back in view, with the previous September spike near $1.70 as the next visible area above that.
On the downside, the 20-day simple moving average near $1.40 sits below the current price, with other moving averages clustered around $1.28 to $1.29. The 20-day Chaikin Money Flow reading stood at −0.09, showing that buying pressure had not strengthened alongside the latest rise. XRP can still retest resistance, but the intraday retreat and negative money-flow reading leave the $1.60 break unconfirmed.
Source: crypto.news
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