Ripple backs RLUSD credit fund as XRP posts 30% weekly gain

XRP hit $1.31 at 05:49 UTC Friday, extending a weekly rally that has added 30.4% since Aug 14. The move coincides with Ripple's announcement that it will back a new institutional credit fund built on RLUSD, the company's dollar-pegged stablecoin issued on the XRP Ledger and Ethereum. Clearpool and Cicada Partners will manage the fund, which targets yield-seeking institutions able to meet accredited-investor thresholds. RLUSD is the settlement and denomination layer, while the XRP Ledger's native DEX and upcoming automated market maker (AMM) amendments are designed to handle liquidity provision and redemptions without bridging. The protocol mechanics remain incomplete. CoinGecko data shows two XLS amendments, XLS-30d (AMM) and XLS-39 (clawback), must pass an 80% supermajority of validating nodes before the fund's smart contracts can execute as designed. Validator voting opened Aug 12; the current tally shows 62% support with 14 days remaining in the window. If either amendment fails, the fund would rely on Ethereum-mainnet RLUSD pools instead, adding bridge risk and gas costs. Volume data shows the speculative bid. CoinGecko records $7.98 billion in 24-hour XRP turnover, the highest print since March. Futures open interest across Binance, Bybit, and OKX rose 18% to $1.42 billion over the same period, per Coinglass. Funding rates flipped positive at 0.01% per eight hours, signaling long bias but not euphoria. per CoinGecko, Ripple holds 41.7 billion XRP in escrow, releasing up to 1 billion monthly. The next unlock is scheduled Sep 1. Historically, monthly releases have coincided with 3-5% pullbacks within two weeks, though the current catalyst cycle may override that pattern.

What the amendments unlock

XLS-30d introduces a constant-product AMM natively on the ledger, letting RLUSD/XRP pools function without external DEX contracts. XLS-39 adds a clawback flag that issuers can enable to recover tokens sent to sanctioned addresses, a requirement for institutional compliance. Both passed the specification phase in Q2 2026 and entered the voting queue July 28.