Ripple announced at the XRP Seoul event that it intends to launch a credit service in 2027 allowing customers to use XRP deposited in lending pools as collateral for short-term payment credit. However, the technical amendment enabling this, LendingProtocolV1_1, has only received 14 of 35 validator votes and requires 28 to be approved on the XRP Ledger. Meanwhile, two other protocol updates, Permission Delegation and Batch, are close to activation in early October. The credit plan could impact XRP’s price by locking tokens, but its success depends on protocol approval and market conditions.
XRP trades at Rp26.939 on Pluang as of Oct 07, 2026 01:42 WIB, showing a modest 0.48% gain in the past day. Despite the ongoing voting process for the LendingProtocolV1_1 amendment, XRP maintains a strong market presence with a market cap of Rp1.690,44T and a 24-hour trading volume of Rp31,54T. The platform data also reveals a higher sell order activity at 65%, with investors typically holding XRP for about 71 days, indicating cautious sentiment amid the potential credit service launch.
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Ripple has broadened its partnership with global investment firm Brevan Howard by offering multi-asset prime brokerage, clearing, and financing services through Ripple Prime. This expanded agreement allows Brevan Howard to access Ripple Prime's cross...
Brevan Howard, managing about $35 billion in assets, is increasing its use of Ripple Prime for brokerage, clearing, and financing services across digital and traditional markets. Ripple Prime, developed after Ripple's $1.25 billion acquisition of Hid...
