XRP Ledger 3.2.0 Upgrade Nears as Core Software Rebrands, June 05

The XRP Ledger announced on June 4 that version 3.2.0 will deploy soon, bringing a major software rebrand from rippled to xrpld. Infrastructure providers, validators, and node operators must update their systems before the mainnet upgrade. This follows the successful May 27 activation of version 3.1.3. Meanwhile, XRP price has fallen 5.76% to $1.1303 as broader crypto markets face pressure.

What the 3.2.0 Upgrade Includes

XRP Ledger version 3.2.0 introduces a core software name change from rippled to xrpld. The upgrade represents one of the most significant infrastructure updates for the network. The rebrand reflects the continued evolution of the XRPL ecosystem and its technical architecture.

Required Infrastructure Changes

All validators, node operators, and infrastructure providers must update their systems before the mainnet migration. The XRP Ledger Operations team is developing a dedicated playbook to guide operators through the technical adjustments. The team confirmed that this transition will require updates but emphasized support for a smooth upgrade process.

Network Development Continues

The 3.2.0 release follows successful activation of version 3.1.3 on May 27 at ledger index 104,507,137. dUNL validator Vet praised the upgrade, noting that protocol improvements provide lasting value regardless of short-term market sentiment. He expressed gratitude for the consistent work of XRPL core developers driving network evolution.

XRP Price Under Pressure

XRP fell 5.76% to $1.1303 on June 5 as crypto markets face headwinds from rising energy costs and potential AI IPO activity. The RSI indicator at 27.14 signals oversold conditions. Meyka rates XRP a C+ with a 12-month target of $3.12, suggesting 176% upside from current levels despite near-term weakness.

Final Thoughts

XRP Ledger’s 3.2.0 upgrade marks a technical milestone with the rippled-to-xrpld rebrand, though XRP token holders face near-term price pressure. With Meyka rating the token C+ and targeting $3.12 by June 2027, the data suggests protocol strength may not immediately translate to price support.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.