Breaking: Ripple Votes in Favor of FixCleanup Proposal, Advancing XRP Ledger 3.3.0 Upgrade

Varinder Singh
Varinder Singh

Varinder Singh

Independent Sr. Journalist
Expertise : Bitcoin, Crypto, Global Macro, DeFi, Blockchain, Web3, US Stocks, AI, Regulations and Lawsuits, & More
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.
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Ripple Votes in Favor of FixCleanup Proposal, Advancing XRP Ledger 3.3.0 Upgrade
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Highlights

  • Ripple votes in favor of the fixCleanup amendment in upcoming major XRPL upgrade.
  • The XRP Ledger 3.3.0 upgrade moves closer as 8 of 35 UNL validators now support the proposal.
  • XRP price rebounded almost 3% to $1.02, but futures witnessed profit booking.

Ripple has voted in favor of the fixCleanup amendment that consists of bundled fixes for Single Asset Vaults, the Lending Protocol, and others. This helps move forward the XRP Ledger v3.3.0 upgrade, boosting stability, performance, and readiness for institutional and tokenization use cases.

Ripple Approves FixCleanup Amendment in XRP Ledger Upgrade

The fixCleanup3_3_0 amendment that bundles targeted bug fixes and protocol cleanups has received support from Ripple. The vote from Ripple during the early voting stage itself signals the company’s push for the major XRP Ledger upgrade.

According to the latest voting data, 8 of 35 UNL validators now support the proposal. It requires the 80% threshold or 28/35 votes for two consecutive weeks for mainnet activation.

This amendment is a collection of fixes for Single Asset Vaults, the Lending Protocol, Automated Market Makers, the permissioned DEX, Checks, and pseudo-accounts.

As CoinGape reported recently, Ripple has also finally voted in favor of Single Asset Vault and Lending Protocol amendments. The amendments introduce XRP or RLUSD vaults and credit infrastructure, boosting DeFi and tokenization.

Meanwhile, node operators are required to upgrade to the XRP Ledger 3.3.0 release to avoid getting amendment-blocked once the major upgrade is activated.

The upgrade has five other amendments or proposals that are currently in the voting stage. These are Confidential Transfer, BatchV1_1, DynamicMPT, PermissionDelegationV1_1, and Sponsor.

Developers also revealed non-feature improvements including 10-15% memory usage reduction, better online delete and node sync performance, expanded test coverage, and other optimizations.

XRP Price Rebounds

XRP price has jumped almost 3% in the past 24 hours amid rising whale wallets and network activity. Ripple’s coin price is currently trading at $1.02, with a 16% rebound in trading volume over the last 24 hours.

However, CoinGlass data shows significant selling activity in the derivatives market despite CPI inflation falling. The total XRP futures open interest fell more than 0.65% within an hour after recently bouncing above $2.70 billion.

Notably, the 24-hour futures open interest is still up 1.31% on CME, but slipping on Binance, OKX, Bybit and other crypto exchanges.

Traders looking to leverage this momentum can compare features on the best crypto derivative futures trading platforms to find competitive funding rates and deep liquidity.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.