XRP Ledger is preparing for one of its most significant infrastructure updates to date, as the long-anticipated version 3.2.0 is set to be deployed on the mainnet. According to statements from developers and XRP Ledger Operations, this upgrade is designed to enhance network stability, bolster security, and update the core architecture of the protocol.
Core software gets a new name
On Thursday, June 4, XRP Ledger Operations announced the upcoming release of XRP Ledger 3.2.0. As part of this update, the main server software’s name will shift from “rippled” to “xrpld.” The team described this rebranding as a step toward establishing a unified reference implementation for users and node operators across the network.
Mini glossary: dUNL refers to the default trusted validator list on XRP Ledger. Validators play a crucial role within this structure, ensuring continued consensus across network transactions.
Ahead of the new release, infrastructure providers, validators, and node operators will be required to update their systems. The operations team indicated that several additional steps may be needed during this transition on the infrastructure side. To ensure uninterrupted consensus and network participation during the upgrade, they have produced a detailed technical roadmap for the process.
XRP Ledger Operations explained that this transition will require updates from infrastructure operators, and therefore a comprehensive technical guide is in the works.
Ushering in the post 3.1.3 era
Version 3.2.0 follows the 3.1.3 update, which was activated in May 2026. That previous release introduced several improvements to NFT management, vault systems, permissioned domains, and the lending protocol. Activated at ledger index 104,507,137 on May 27, the update was aimed at strengthening the network’s long-term reliability.
At the time, nodes running outdated software were required to upgrade in order to remain active and participate in consensus. According to news reports, the update was accepted with 100 percent consensus. Ripple CTO Emeritus David Schwartz, a prominent longtime technical leader in the XRP Ledger ecosystem, addressed questions regarding the process and provided insights to the community.
Validator Vet from the dUNL set emphasized that while market sentiment is fleeting, upgrades to the core protocol underpinning $XRP and related assets hold lasting importance.
On chain metrics point to accumulation even as price slides
Meanwhile, the price of XRP has displayed weakness since July 2025. The asset has slumped from around $3.65 to $1.20 as of June 2026. After closing May at $1.33, XRP fell to $1.29 on June 1, slipped further to $1.21 on June 2, and hovered near the $1.18 mark as of June 4.
Within less than a week, XRP lost about 11 percent of its value, translating to more than $8 billion being erased from its market capitalization. Broader sell-offs across the crypto market, including Bitcoin’s drop to around $61,300, were cited as contributing factors in this pullback.
| Indicator | Data |
|---|---|
| July 2025 level | Around $3.65 |
| June 2026 level | Around $1.20 |
| June 4 price | Near $1.18 |
| Short term loss | About 11% |
Despite the downturn, on chain analytics reveal a more nuanced story. During this period, over 25 million XRP were withdrawn from exchanges. Such movements often indicate that assets are being moved to long term holding rather than prepared for sale. In parallel, the number of wallets holding at least 10,000 XRP has reached an all time high of 332,230 addresses.
