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XRP jumps 17% as Ripple backs key XRP Ledger upgrade for institutional use

Protocol Fundamentals
21 Aug 2026
Tokenpost
View Source
Bullish
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Ripple has supported the XRP Ledger's PermissionDelegationV1_1 amendment, part of the XRPL v3.3.0 upgrade, allowing accounts to delegate transaction permissions securely. This feature aims to attract regulated institutions and enterprise applications by enabling clearer control over digital assets. The amendment needs 80% validator approval to activate, with Ripple also backing other fixes and enhancements to expand XRPL's DeFi and tokenization capabilities. Following this, XRP's price surged over 17%, boosted by strong trading volume and increased interest in XRP ETFs and futures.

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