Ripple’s Private Credit Partner Just Moved Its Token to the XRP Ledger: What Does This Mean for the XRP Price?
Clearpool's token holders just voted overwhelmingly to abandon Ethereum and rebuild on Ripple's network, yet XRP barely flinched. The reason why reveals a fundamental tension at the heart of the XRP Ledger's growth story.
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Clearpool token holders have overwhelmingly voted, with 97% in favor, to move their lending platform’s token to the XRP Ledger, the public blockchain supporting XRP (CRYPTO: XRP), though the XRP price has barely reacted. This decision, announced on October 5, 2026, involves swapping each CPOOL token one-for-one for a new token called CLEAR, with the transition expected to happen in the fourth quarter of this year.
Clearpool has already partnered with Ripple to manage an institutional credit fund on the XRP Ledger, which strengthens its ties to Ripple’s network. However, as of October 5, XRP is trading at $1.51, up just 0.8% over the past 24 hours and 1.9% over the last week. The key question remains: will this credit platform’s transition to Ripple’s network give investors a compelling reason to hold XRP?
Clearpool Holders Voted 97% to Move Their Token to the XRP Ledger
Clearpool specializes in private credit, which means it provides loans directly to businesses outside the conventional banking system. These loans aren’t traded like bonds, and lenders accept that they may not easily resell them because they offer higher interest rates than traditional options. Since 2021, Clearpool has facilitated over $930 million in institutional loans.
This vote replaces the original CPOOL token, built on Ethereum, with the new CLEAR token, which will operate on the XRP Ledger. Holders will exchange one CPOOL for one CLEAR, resulting in approximately 1.1 billion CLEAR tokens circulating at launch.
Switching to a new token changes the blockchain where transactions are recorded and network fees apply, but it does not change the borrowers or the loan amounts. For instance, a store that changes its card processor still serves the same customers and makes the same sales.
Clearpool’s XRP Ledger Loans Are Paid in RLUSD, Not XRP
Ripple, Clearpool, and Cicada Partners established an institutional credit fund on the XRP Ledger on August 21. Ripple serves as a limited partner, providing capital without managing the fund. Cicada evaluates the borrowers while Hex Trust oversees the assets.
The fund aims to lend to fintech companies, payment processors, and cryptocurrency firms, with loans made in RLUSD, Ripple’s dollar-pegged stablecoin. A stablecoin is designed to maintain a value equivalent to a currency, meaning one RLUSD is expected to always be worth $1. This allows borrowers and lenders to transact in dollars on Ripple’s network without holding XRP.
In this context, XRP primarily serves as the network fee. Every transaction on the XRP Ledger incurs a small fee paid in XRP, which is then burned (permanently removed from circulation). Additionally, Clearpool plans to allocate half of its protocol fees toward buying back and burning CLEAR tokens, benefiting CLEAR holders instead of XRP holders.
XRP Is Down 50% Over the Past Year Despite New XRP Ledger Projects
Despite numerous announcements of new projects on the XRP Ledger, XRP has fallen 50% over the past year. Currently, XRP is trading at about 59% below its all-time high of $3.65 reached in July 2025. (FLAG: “Currently” is relative time)
XRP’s market cap is considerable at about $95 billion, with approximately 63.1 billion XRP circulating out of a maximum supply of 100 billion. As a result, new demand must be substantial to move a cryptocurrency of this size, especially as Ripple continues to release more XRP from its escrow reserves over time.
Will Clearpool’s Move Affect the XRP Price?
The switch to the XRP Ledger primarily benefits Ripple’s network rather than directly boosting the XRP price. While the XRP Ledger gains a functional credit platform and increased activity in RLUSD, Clearpool’s fees support CLEAR, not XRP. Therefore, XRP holders may see an active network without a direct increase in demand for their tokens.
If Clearpool or Ripple reports loan activity that uses XRP as collateral or connects different currencies, similar to Ripple’s On-Demand Liquidity service, this could influence the price. However, if loans remain in RLUSD, the XRP Ledger may keep growing while XRP’s price stagnates.
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Sam Daodu is a crypto analyst who's spent nearly a decade making blockchain understandable—no easy task when most whitepapers read like fever dreams. He writes for 24/7 Wall St., covering Bitcoin, altcoins, and crypto market analysis for investors. Before crypto, he was a tech writer (back when explaining "the cloud" was peak innovation). Since 2018, he's written for CoinTelegraph, Yahoo Finance, The Block, Cryptonews, Zypto, Rain, and more—basically anywhere people want crypto news without the headache. Sam runs MacLabs Marketing, a content agency for crypto brands tired of sounding like AI wrote their website. He also publishes free crypto education on his site for Web3 enthusiasts who think "gas fees" is a typo. When he's not writing or staring at charts, Sam's either: - Watching anime (currently convinced One Piece has better tokenomics than most altcoins) - At the gym sculpting himself into a Greek god - Listening to the music your mum warned you only bad boys listen to Connect: LinkedIn | Email | MacLabs Marketing
