The XRP Ledger is preparing for a major infrastructure update with version 3.2.0, which will rebrand its core server software from “rippled” to “xrpld.” The XRP Ledger Operations team announced the imminent release on June 4, signaling a mandatory upgrade for all node operators, validators, and infrastructure providers.
This upgrade follows the successful mainnet activation of version 3.1.3 on May 27 at ledger index 104,507,137, which introduced fixes for NFTs, vault systems, permissioned domains, and lending protocol components. The 3.1.3 amendment, fixCleanup3_1_3, passed with unanimous 100% consensus approval, requiring nodes to update to remain eligible for consensus.
The new release completes the naming transition across the network’s reference implementation. Command-line interface (CLI) visual confirmations already show “xrpld version 3.2.0.” A detailed technical playbook is being developed to guide infrastructure operators through the migration, ensuring continuity of consensus and network participation. Validator dUNL Vet welcomed the upgrade, emphasizing that core protocol improvements are permanent regardless of market sentiment.
While XRP’s price has fallen from $3.65 in July 2025 to around $1.18 by June 2026 amid a wider crypto sell-off, on-chain data reveals accumulation: over 25 million XRP were withdrawn from exchanges and the number of wallets holding at least 10,000 XRP reached a record 332,230 addresses. This suggests long-term holder confidence despite short-term price pressure.
