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XRP Ledger Payment Volume Drops Sharply as Bug Fix Amendment Nears Activation

XRP Ledger payment volume fell 72.3% to 119.5 million XRP on October 17 while the fixCleanup3_4_0 amendment approaches activation on October 23.

Why it matters

The bug fix amendment activates before the lending system it partly repairs has gained enough validator support to launch, meaning the network is patching code that is not yet in use. Payment volume has fallen to levels rarely seen in the past year, though both low readings occurred on a weekend.

Key facts

The fixCleanup3_4_0 amendment secured 29 of 35 validator votes on October 9

29 votesReported by CoinDesk

The fixCleanup3_4_0 amendment is projected to activate around 09:34 UTC on October 23

Reported by U.Today

The single asset vault amendment holds 21 of 29 required votes

21 votesReported by CoinDesk

What happened

XRP Ledger payment volume dropped to 119.5 million XRP on October 17, a 72.3% decline from the 30-day average of 629.3 million, with preliminary October 18 data showing approximately 37.5 million XRP. The fixCleanup3_4_0 amendment, a package of bug fixes for lending, vaults, AMMs, and other components, secured the required 29 of 35 validator votes on October 9 and is projected to activate around 09:34 UTC on October 23. The lending protocol and vault amendments remain short of the threshold at 19 and 21 votes respectively. Ripple's Swell conference is scheduled for October 27-29 in New York.

How the story developed

  1. Update

    fixCleanup3_4_0 reaches 29 validator votes

    Amendment secured the required majority on October 9

    CryptoPotato

  2. Update

    Payment volume drops 72.3%

    XRP Ledger payment volume fell to 119.5 million XRP on October 17

    U.Today

  3. First report

    First report by U.Today

    XRP Ledger Payments Volume Crashes 72%: Is This a Warning Sign for XRP?

    U.Today

  4. Update

    Projected fixCleanup3_4_0 activation

    Amendment expected to activate at 09:34 UTC if validator support holds

    U.Today

  5. Independent corroboration

    Independently corroborated by CoinDesk

    XRP Ledger is set to fix its lending code before anyone can use it

    CoinDesk

  6. Update

    CoinDesk reports on upcoming amendment activation

    Independent coverage confirms fixCleanup3_4_0 projected activation date

    CoinDesk

  7. Update

    Ripple Swell conference begins

    Event scheduled for October 27-29 in New York with focus on AI and XRP Ledger security

    U.Today

  8. Update

    CryptoPotato confirms amendment details

    Independent outlet reports on fixCleanup3_4_0 and lending protocol vote counts

    CryptoPotato

How coverage built up

Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.

18 Oct, 11:206 independent sources25 Oct, 13:40
  • 18 Oct 2026, 11:20 UTC: U.Today — 1 independent source, 1 reports
  • 18 Oct 2026, 15:35 UTC: U.Today — 2 independent sources, 2 reports
  • 19 Oct 2026, 04:54 UTC: CoinDesk — 3 independent sources, 3 reports
  • 19 Oct 2026, 13:22 UTC: Altcoin Buzz — 4 independent sources, 5 reports
  • 20 Oct 2026, 04:02 UTC: CryptoPotato — 5 independent sources, 7 reports
  • 22 Oct 2026, 13:00 UTC: Crypto.News — 6 independent sources, 12 reports

Affected entities

Also mentioned: South Korea, Base, Coinbase, United States, JPMorgan, Robinhood, Sui

Original sources

PublisherReportRolePublished
U.Today
Crypto media
XRP Ledger Payments Volume Crashes 72%: Is This a Warning Sign for XRP?Original
CoinDesk
Crypto media
XRP Ledger is set to fix its lending code before anyone can use itIndependent
Crypto.News
Crypto media
XRP Ledger’s fixes are nearly live. Why is lending still waiting?Independent
CryptoPotato
Crypto media
XRP Ledger Bug Fixes Set for Friday Activation as DeFi Lending Awaits ApprovalIndependent
NewsBTC
Crypto media
XRP Ledger Fix Upgrade Faces November 4 Earliest Activation After Vote ResetIndependent
Altcoin Buzz
Crypto media
XRP Ledger Bug Fix Nears Activation as Lending Stalls 10 Votes ShortIndependent
U.Today
Crypto media
Four Days Left: XRP Ledger Key Fix Upgrade Eyes October ActivationSyndicated
U.Today
Crypto media
Ripple's Big Event in 7 Days: All Eyes on AI and XRP Ledger SecuritySyndicated
U.Today
Crypto media
$2 XRP Back 'On Menu' as BlackRock Predicts Wall St. Tokenization: Main Crypto News This MorningSyndicated
U.Today
Crypto media
Why XRP Ledger Slowed Down: Ripple Ex-CTO Schwartz Details Core FlawsSyndicated
U.Today
Crypto media
XRP to Power New 'Ultimate' AI Stack From Ripple Founder's VentureSyndicated
U.Today
Crypto media
Ripple Legend David Schwartz Spotlights Physical XRP Game Most Traders MissedSyndicated
U.Today
Crypto media
XRP Eyes $1.40 Breakthrough as Ripple Draws BlackRock and IMF to New YorkSyndicated
U.Today
Crypto media
XRP Ledger Finally Back: 119.6% Increase Is HereSyndicated
U.Today
Crypto media
XRP to $2 Delayed? Why Bollinger Bands Warn Ripple Bulls to Wait 2 YearsSyndicated
U.Today
Crypto media
Big Week Ahead: Ripple Heads to NYC With Wall Street HeavyweightsSyndicated
Crypto News (CryptoNews.net)
Aggregator
XRP Ledger Bug Fixes Set for Friday Activation as DeFi Lending Awaits ApprovalSyndicated