Key Insights

  • XRPL 3.4.0 adds Lending Protocol V1.1 with closed-ended vaults and cash-basis accounting.
  • The update introduces fixes covering vaults, AMMs, MPTs, escrow and transaction signing.
  • XRP price traded near $1.32, with $1.18 marked as a key downside level and $1.63 as the main upside reference.

XRP Ledger developers released xrpld version 3.4.0 with new lending amendments, protocol fixes and node upgrades.

The Sept. 16 release added LendingProtocolV1_1 and the fixCleanup3_4_0 amendment package. The update also changed how the XRPL Foundation distributes Linux server packages.

The new lending rules still require validator approval before they can activate on mainnet.

XRP News: Lending V1.1 Changes Vault Design

XRP news around version 3.4.0 centers on LendingProtocolV1_1, which changes how Single Asset Vaults can support lending.

The amendment introduces closed-ended vaults with separate subscription, investment and redemption periods.

Depositors can add or withdraw assets during the subscription period. The vault then stops deposits and withdrawals during the investment period while its assets fund loans.

Redemption starts after the investment period ends and loans reach maturity.

LendingProtocolV1_1 also introduces cash-basis accounting for new vaults. Under this model, a vault records interest only after a borrower makes a payment.

Earlier rules recognized scheduled interest when a loan originated. Existing vaults keep their earlier accounting model instead of moving automatically to the new framework.

The change affects new vaults after activation.

The lending amendment does not activate simply when an operator installs xrpld 3.4.0. XRPL requires more than 80% support from trusted validators for two continuous weeks.

A Sept. 17 network snapshot showed 16 of 35 trusted validators supporting SingleAssetVault and 13 supporting LendingProtocol.

Those figures can change as validators update their votes.

XRPL 3.4.0 Adds Protocol and Node Fixes

fixCleanup3_4_0 covers vaults, automated market makers, Multi-Purpose Tokens, escrow, credentials and permissioned trading.

The update strengthens MPT balance checks, adjusts vault calculations near precision limits and changes transaction signing rules.

XRPL now uses separate signing hash prefixes for counterparty and sponsor signatures, helping keep the two roles distinct.

Developers also tightened permissioned DEX checks and corrected handling for expired credentials during OfferCreate and Payment transactions.

The release includes additional safeguards for node stability and malformed transaction handling.

Online deletion also pauses when a node detects missing ledger history so the server can stay closer to the latest validated ledger.

XRPL Foundation now hosts Debian and RPM packages through packages.xrplf.org and signs them with its own key.

Developers asked server operators to move to version 3.4.0 to maintain service continuity. Operators using older repository settings may need to update their configuration before installing the package.

XRP Price Prediction: $1.18 Stays in Focus

XRP price traded near $1.32, up about 2% over 24 hours.

EGRAG’s XRP price prediction marked $1.18 as a key lower level and showed a broader white zone below current price.

The chart also labeled $1.05, $0.97, $0.85 and $0.777 as deeper downside reference levels.

On the upside, the chart marked $1.63 near the upper resistance area.

EGRAG outlined two possible paths for the next one to two weeks. One path showed a relief bounce from the current area.

The other showed XRP moving lower toward $1.18 and potentially revisiting the white range.

The analyst described the broader zone as a macro accumulation area. That characterization reflects the chart author’s analysis, not a confirmed market outcome.

For XRP news traders, the chart places $1.18 at the center of the near-term setup.

Holding above that level would keep price inside the analyst’s projected range.

Crypto journalist and market analyst covering digital assets, markets and financial technology.