XRP Ledger is preparing for one of the most notable infrastructure updates ever with version 3.2.0, which is expected to be deployed on the mainnet. According to developer shares and XRP Ledger Operations statements, this version aims to strengthen network stability, increase security and update the basic architecture of the protocol.
The name of the core software is changing
XRP Ledger Operations announced on Thursday, June 4 that XRP Ledger version 3.2.0 will be coming soon. In the statement, it was also reported that the network’s core server software will change from its current name “rippled” to “xrpld”. This change was introduced as part of a plan to create a common reference application for users and node operators on the network.
Mini dictionary: dUNL is the abbreviation for the default trusted validator list on the XRP Ledger. Validators play a critical role within this structure to maintain consensus on transactions on the network.
Infrastructure providers, validators and node operators will need to update their systems before the new release. The operations team stated that this transition will require some additional steps on the infrastructure side, and that a detailed technical road map has been prepared to ensure uninterrupted continuation of consensus and network participation during the upgrade process.
XRP Ledger Operations announced that this transition will require some updates for infrastructure operators, so a detailed technical guide is being worked on.
A new phase begins after 3.1.3
Version 3.2.0 follows the 3.1.3 update, which was rolled out in May 2026. The version in question included various fixes regarding NFT components, vault systems, authorized domains and lending protocol. This update, which was activated on the main network on May 27, at ledger index number 104,507,137, was aimed to increase the long-term reliability of the network.
At that time, nodes using older software versions had to upgrade in order to continue operating on the network and participate in the consensus process. According to the news, the update was accepted with 100% consensus. Ripple CTO Emeritus David Schwartz also answered questions about the process. Schwartz has been a technical leader at Ripple for many years and is among the prominent names in the XRP Ledger ecosystem.
dUNL validator Vet emphasized that market sentiment is temporary, while improvements to the core protocol on which $XRP and other assets operate are of lasting importance.
While the price declined, on-chain data pointed to accumulation
On the other hand, the XRP price has followed a weak trend since July 2025. The asset fell from around $3.65 to around $1.20 by June 2026. While the closing price in May 2026 was $ 1.33, the price fell to $ 1.29 on June 1, $ 1.21 on June 2, and was pulled to $ 1.18 on June 4.
While there was an approximately 11% loss in value in less than a week, over 8 billion dollars were erased from the market value. It was reported that this withdrawal was influenced by broader cryptocurrency sales, in which Bitcoin fell to approximately $61,300.
| Indicator | Data |
|---|---|
| July 2025 level | About $3.65 |
| June 2026 level | About $1.20 |
| June 4 price | $1.18 band |
| short term loss | About 11% |
By contrast, on-chain data revealed a more complex picture. During this period, more than 25 million XRP was withdrawn from the exchanges. Such movements can be interpreted as assets being kept for longer-term storage rather than selling. At the same time, the number of wallets holding at least 10,000 XRP reached the highest level ever with 332,230 addresses.
