Ex-RippleX Product Head Calls XRP a "Killer Use Case" for Credit Collateral

Jazzi Cooper, who previously led product at RippleX, made a strong statement this week. She described the use of XRP as collateral for institutional credit as a genuine "killer use case" for the token.

Cooper confirmed the characterisation in a direct reply on the social platform X. She pointed out that the XLS-65 and XLS-66 lending protocol, already live on the XRP Ledger, fully enables this function.

Yes – XRP as collateral for institutional credit is a killer use case (and supported by xls65/66 lending protocol!)

— Jazzi Cooper (@jazzicoop) September 11, 2026

What the Lending Protocol Actually Unlocks

The statement signals a move beyond XRP's traditional function in cross-border payments. Market makers and institutional traders can put up XRP as collateral to obtain credit lines without needing to sell off their holdings.

The protocol introduces native fixed-term, fixed-rate lending via Single Asset Vaults. This arrangement allows institutions to treat XRP as productive working capital. Institutions maintain full authority over underwriting and compliance decisions off the chain.

Commentator Bill Morgan elaborated on the implications. He observed that this use case was not feasible before the conclusion of the SEC lawsuit against Ripple. It only became practical once the lending protocol went live on the XRPL.

Morgan mentioned Ripple Prime, which already accepts XRP as eligible collateral alongside Bitcoin, RLUSD, fiat, gold, and treasuries.

A September 8 SEC filing by Charles Schwab provides additional evidence of institutional adoption. The filing shows XRP ETFs are increasingly used as repo collateral, with usage growing at a rapid pace.

Infrastructure and Momentum Continue Building — Will XRP Price React?

Development continues on schedule. XRPL validators have confirmed that Lending Protocol v1.1 will arrive with XRPL version 3.4.0 next week, delivering fixes and enhancements to Single Asset Vaults. The official amendment tracker lists the update as currently in development.

Institutional partners are already positioning around the infrastructure. Clearpool has originated more than $930 million in institutional loans, and Cicada Partners has underwritten over $860 million, giving the ecosystem a combined track record of nearly $1.8 billion ready for deployment on XRPL.

RLUSD's market cap, near $2.42 billion, adds a complementary layer of liquidity to that setup. As these native credit rails mature, XRP is shifting from a pure bridge asset into a core institutional collateral instrument, exactly the utility Cooper described.

At the time of writing, XRP trades near $1.37. Technical analyst Crypto Patel argues bulls face one clear task: reclaiming the $1.55 resistance level to avoid a deeper retracement.

$XRP Bulls Have One Job: Reclaim $1.55 Or Risk A Deep Retracement #XRP is sitting at a critical HTF inflection point. The multi-year downtrend has already broken, but price is now consolidating below the key $1.55 resistance.

Bullish confirmation: Weekly close above $1.55 →… pic.twitter.com/p53MUYzi3S

— Crypto Patel (@CryptoPatel) September 11, 2026

A weekly close above that level would open a path toward $2 and eventually the $3.66 all-time high, according to Patel's analysis. Failure to break higher could push the price back toward the $0.70-$0.95 demand zone.