XRP Ledger 3.2.0 nears launch as core system shifts from rippled to xrpld 

The XRP Ledger is preparing for one of its most significant infrastructure updates yet, as version 3.2.0 moves closer to mainnet deployment. This comes alongside a rebranding of its core server software from “rippled” to “xrpld.”

According to recent developer updates and XRP Ledger Operations announcements, the upcoming release is part of a broader effort to strengthen network stability, improve security, and modernize the protocol’s underlying architecture.

XRPL 3.2.0 rolls out naming shift as network prepares validators for mandatory upgrade

On Thursday, June 4, the XRP Ledger Operations  posted on X: “XRP Ledger 3.2.0 is coming soon!” They also revealed a key update to the network’s core software, noting that the XRPL’s main system will be renamed from “rippled” to “xrpld.”

The development of 3.2.0 follows the successful activation of XRP Ledger version 3.1.3, which went live in May 2026 and introduced a number of fixes to the NFTs, vault systems, permissioned domains, and lending protocol components.

A key part of the 3.2.0 roadmap is the transition from the current naming of the ledger to a common reference implementation for all users and nodes.

All infrastructure providers, validators, and node operators will be required to update their systems ahead of the migration to the new XRPL mainnet. The XRP Ledger Operations team noted, “This transition will require some updates for infrastructure operators.”

The XRP Ledger Operations team has indicated that a detailed technical playbook is being developed to guide participants through the migration process, ensuring continuity of consensus and network participation during the upgrade window.

In addition, the team said a detailed playbook is currently being developed to guide users through the upgrade process. The announcement was also accompanied by a GIF highlighting the upcoming transition.

The command-line interface (CLI) appears to have been updated to reflect the new software name, showing “xrpld version 3.2.0” during version checks. The visual also highlights the rebranding of the XRP Ledger’s core software package, alongside the upcoming release of the new version.

The announcement was positively received by dUNL validator Vet, who stressed the importance of continued protocol development despite market volatility. He stated, “Market sentiment is temporary, but the core protocol improvements that our $XRP and other assets live on are permanent,” adding that the upcoming upgrade includes a major transition from “rippled” to “xrpld.”

Vet also expressed appreciation for the development team, saying, “Grateful for the consistent work of all the XRP core developers.”

XRP Ledger advances after 3.1.3 mainnet activation strengthens network reliability 

Version 3.2.0 follows the successful activation of XRP Ledger version 3.1.3 on the mainnet at ledger index 104,507,137 on May 27. The upgrade allowed for the amendment of fixCleanup3_1_3 and was intended to increase the long-term reliability of the network.

At the time, nodes running older software versions were required to upgrade in order to remain eligible for consensus participation and continue operating on the network.

Ripple CTO Emeritus David Schwartz also responded to key questions about the update, which ultimately passed with unanimous 100% consensus approval.

XRP slides in price while on-chain data shows growing accumulation

Meanwhile XRP has been slowly falling in price momentum since July 2025, falling from about $3.65 to around $1.20 by June 2026, a trend that has kept many retail investors on edge.

At first glance XRP price action is still bearish. XRP closed May 2026 at $1.33, fell to $1.29 on June 1, dropped further down to $1.21 on June 2 and slipped back into the $1.18 range by June 4.

In less than a week, this token lost roughly 11% of its value, and more than $8 billion of market capitalization because of a wider crypto sell-off that also brought Bitcoin down to around $61,300.

But, there is a more complicated picture on the other hand when it comes to on-chain and market behavior.

Over 25 million XRP were withdrawn from exchanges during this period, often interpreted as a sign that holders are putting their assets to long-term storage rather than selling them. At the same time, the number of wallets holding at least 10,000 XRP is at a record 332,230 addresses, the highest number ever recorded.