RippleX Head of Product Jazzi Cooper said XRP can serve as collateral for institutional credit, describing the application as a potential "killer use case" for the token. She said XLS-65 and XLS-66 enable market makers and institutional traders to obtain credit against XRP without selling their holdings, using Single Asset Vaults for fixed-term, fixed-rate lending while underwriting and compliance remain off-chain. That characterization conflicts with the previously described XRPL architecture, under which XLS-65 and XLS-66 still required validator approval, LendingProtocolV1_1 remained in development, and the protocol supported fixed-term uncollateralized lending without automated on-chain collateral management or liquidation. The newer account said validators had confirmed Lending Protocol v1.1 would arrive with XRPL 3.4.0 next week, while the official amendment tracker continued to list the update as in development. Bill Morgan cited Ripple Prime's acceptance of XRP as eligible collateral and a Sept. 8 Charles Schwab SEC filing concerning XRP ETFs used as repo collateral. ClearPool and Cicada Partners were said to have originated or underwritten nearly $1.8 billion in institutional loans, while RLUSD's market capitalization was cited near $2.42 billion. XRP traded near $1.37, with Crypto Patel identifying $1.55 as a key resistance level.