XRP Price Nears Breakout as XRPL Lending Plans Gain Traction

TLDR: XRP price trades near $1.34 while analyst Ali Martinez identifies $1.31-$1.35 support, $1.38 confirmation, and a $1.60 breakout target. RippleX Head of Product Jazzi Cooper calls XRP collateral for institutional credit a killer use case linked to the proposed XRPL lending stack. XLS-65 and XLS-66 still await validator approval, while the current design records uncollateralized loans and keeps underwriting off-chain. Evernorth plans to use XLS-66, but historical Clearpool and Cicada figures do not represent $1.8 billion in loans already originated on XRPL. XRP price trades near $1.34 as an institutional-credit narrative meets an unresolved technical setup. RippleX Head of Product Jazzi Cooper calls XRP collateral for institutional credit a “killer use case.” Her comment links the asset to lending and collateral workflows beyond cross-border payments. However, XLS-65 and XLS-66 have not been activated on the XRP Ledger mainnet. Both amendments still require validator approval before institutions can use their native functions. Market attention now splits between that pending infrastructure and a short-term price test. XRP sits inside $1.31-$1.35 support, while $1.38 marks the analyst’s breakout confirmation. A successful break would place $1.60 in focus. XRP Price Gains a Broader Institutional Credit Narrative Cooper made the statement while responding to discussion about institutions accessing credit without selling XRP. Her view presents XRP collateral as potential working capital rather than dormant treasury inventory. NEW: Ripple REVEALS $3.1 TRILLION $XRP COLLATERAL Opportunity for Institutions — Evernorth CONFIRMED It Plans to Use It Ripple just highlighted $XRP as COLLATERAL for institutional CREDIT — meaning institutions could potentially put their $XRP to work to ACCESS CREDIT… https://t.co/7MIgWsuprqpic.twitter.com/UlLEN85vLT — Diana (@InvestWithD) September 13, 2026 Ripple’s lending design supports that broader goal, although its present mechanics require careful distinction. XLS-65 defines Single Asset Vaults that pool one asset and issue ownership shares. XLS-66 defines fixed-term loans, interest, repayment schedules, fees, and defaults at the protocol layer. The current XRPL lending design does not automate collateral or liquidations onchain. Official documentation describes its loans as uncollateralized, with underwriting and risk management handled off-chain. Institutions can structure separate collateral agreements, but XLS-66 does not itself lock XRP against a loan. Both base amendments are available in XRPL software but are not active on mainnet. They must secure a validator supermajority for at least two consecutive weeks. LendingProtocolV1_1 is also in development, adding closed-ended vaults and cash-basis accounting. This means XRP price has no verified mainnet lending-volume catalyst from these features today. Evernorth has publicly stated its intent to use XLS-66 as a core treasury tool. Its SEC-filed communication describes the plan as conditional and warns that approval, operation, and projected yields are not guaranteed. Clearpool also labels its XRPL product “coming soon.” Its website reports about $965 million in loans originated across seven existing networks.