Major XRP Price Update and Important Ripple News: November 12

Ripple and the XRP Ledger continue to advance on the development front, with the proposed institutional lending system gaining more validator support and a major Testnet/Devnet reset approaching. Meanwhile, the underlying asset’s price has fallen further, coming just inches away from testing the key $1.00 support as ETF demand fades and sellers continue to dominate. Important Ripple and XRPL News Ripple’s lending system moves closer to launch as the proposed XRP Ledger lending protocol has gained additional validator support, rising from 19 votes a month ago to 22 out of 35 as of this week. However, the amendment still needs support from 29 validators for two consecutive weeks before activation, while the related SingleAssetVault amendment currently has 23.

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