XRP surged over 17% to $1.43 after Ripple voted in favor of the PermissionDelegationV1_1 amendment on the XRP Ledger. The proposal requires more than 80% validator support for two consecutive weeks to activate. Currently, seven of 35 validators have voted yes. US spot XRP ETFs saw $13.24 million in inflows, while futures open interest climbed to $3.44 billion.
XRP rose more than 17% to an intraday high of $1.43 as Ripple supported the PermissionDelegationV1_1 amendment. The vote advanced a key part of XRP Ledger version 3.3.0, though the feature still needs broad validator approval.
According to recent voting data, seven out of 35 validators in the Unique Node List have voted in favor. Ripple contributed its vote but does not control the outcome. The XRPL needs more than 80% support for two consecutive weeks.
The PermissionDelegationV1_1 amendment would let account owners authorize another account for specified transactions. The owner retains full control over signing, and authorization does not apply to other payments or settings. Financial organizations use similar role-based systems to limit data access.
RippleX head of product Jazzi Cooper stated that “regulated organizations require appropriate controls for putting tokenized value onto a public ledger.” She added that token issuance is a requirement for on-chain usage.
This amendment follows the XLS-75 standard and replaces a previous version disabled due to a serious bug. Version 3.3.0 also includes amendments for grouped transactions, confidential token values, dynamic token parameters, sponsored costs, and protocol fixes.
Ripple also supports the Single Asset Vault and Lending Protocol proposals, which currently have around 40% and 37% validator support, respectively. Both fail to meet the supermajority threshold. The vault mechanism would aggregate one asset, such as XRP or RLUSD, with shareholders holding proportionate ownership. The lending protocol would introduce fixed-term issuance and servicing using pooled liquidity and off-chain credit assessments.
A re-audit by Halborn in June found no major or high-severity vulnerabilities. Approval would activate functionality on XRPL without affecting US regulatory requirements for XRP, RLUSD, securities, or lending products.
XRP rallied about 40% over seven days from a low of $1.22. Spot trading volume grew 156%, driven by rising prices and short-covering. The net inflow into US spot XRP ETFs was $13.24 million on Thursday, with Bitwise gathering $9.9 million and Franklin Templeton collecting $3.34 million. Futures open interest rose to $3.44 billion, growing over 17% in 24 hours. CME open interest increased above 35%, Binance gained 15%, and Hyperliquid rose 29%.
