XRP rose 19.1% in 24 hours to $1.38 as Ripple, Clearpool and Cicada Partners advanced an institutional lending protocol on the XRP Ledger. Goldman Sachs separately disclosed it has become the largest XRP ETF holder with $86.50 million in positions, reclaiming the spot after fully exiting XRP ETFs last quarter.
Ripple, Clearpool and Cicada Partners are building credit infrastructure for a new loan on XRPL backed by RLUSD, part of a proposed Lending Protocol upgrade the XRP Ledger is moving toward.
The rally arrived alongside a broader crypto uptrend, with Bitcoin breaking $78,000. It also followed President Donald Trump's appeal to Congress to approve the CLARITY Act, made at a White House event with crypto and financial industry leaders. The U.S. Treasury Department added to the momentum with its plan to speed up debt repurchases by doubling buybacks.
Clearpool and Cicada build XRPL credit infrastructure
Clearpool is building the upgrade as a Lending Protocol and Single Asset Vault. Since 2021, the platform has facilitated over $930 million in institutional loans, and it lets independent credit managers set their own risk conditions for each market.
Cicada Partners will handle borrower evaluation, loan origination and servicing, bringing over $860 million in credit-underwriting experience. Ripple will join as a limited partner alongside other institutional investors rather than acting as a backstop, and the fund will target fintechs, payment providers and crypto firms that use stablecoins to fund working capital.
RLUSD will serve as the credit asset, with XRPL features such as Permissioned Domains, Credentials and Clawback available for access and asset-management controls. Because XRP itself is not the credit asset, some social media users argue the design could narrow the token's use case. Both the Lending Protocol and Single Asset Vault amendments still need approval from at least 80% of trusted validators over two consecutive weeks.
Goldman Sachs returns as top XRP ETF holder
Goldman Sachs reclaimed the position of largest disclosed XRP ETF holder, according to its Q2 2026 SEC filing, after completely exiting its XRP ETFs last quarter. The bank now holds $86.50 million across the Bitwise, Franklin Templeton, Grayscale, Canary and 21Shares XRP ETFs. It also disclosed 365,976 XRPN shares in Ripple-backed Evernorth Holdings' SPAC Armada Acquisition Corp II.
Spot XRP ETFs pulled in $13.24 million in net inflows on Thursday. That lifted total assets under management to $1.17 billion. Cumulative inflows surpassed $1.53 billion. XRP futures open interest rose more than 17% to $3.44 billion. The 24-hour open interest on CME climbed more than 35%, while it jumped 15% on Binance and 29% on Hyperliquid.
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