XRP Ledger 3.2.0 nears mainnet as core software rebrands to xrpld

The XRP Ledger will deploy version 3.2.0 to mainnet, rebranding its core server software from rippled to xrpld for the first time since the network's 2012 launch.

"The transition will require updates for infrastructure operators, validators and node operators before migration," the XRP Ledger Operations team said in a post on X on June 4. The team said a detailed playbook is being prepared to guide operators through the upgrade process.

The upgrade follows the activation of version 3.1.3 on May 27 at ledger index 104,507,137, which passed the fixCleanup3_1_3 amendment with 100% consensus among validators. That amendment was designed to improve long-term network reliability by cleaning up outdated ledger state data. Ripple CTO emeritus David Schwartz addressed community questions around the upgrade, which required nodes running older software to update to maintain consensus participation.

The rebranding from rippled to xrpld marks a structural shift for the XRP Ledger's core infrastructure after more than a decade under the original name. The name change reflects the evolution of the software package that powers the network, aligning its identity with the XRPL brand. dUNL validator Vet welcomed the development, saying on X that "market sentiment is temporary, but the core protocol improvements that our XRP and other assets live on are permanent."

XRP traded at $1.34 as of June 4, down roughly 29% year-to-date, according to CoinGecko. The token's market capitalization stands at $78.4 billion, ranking fifth among all crypto assets. The v3.2.0 announcement follows a period of heightened institutional activity: CME Group launched 24/7 XRP futures trading on May 29, the first round-the-clock institutional access for the token, and spot XRP ETFs pulled in $35 million in net inflows from May 20 to May 29 while Bitcoin and Ethereum ETFs collectively lost about $2 billion during the same period, Coinglass data shows.

The XRP Ledger has also proposed a DeFi upgrade aimed at adding new liquidity models to improve capital efficiency on the network, according to the XRP Ledger Operations team. The upgrade comes as the broader XRP ecosystem awaits the CLARITY Act's Senate vote, with the White House targeting July 4 for a presidential signature. Passage would classify XRP as a digital commodity under federal law, potentially unlocking allocations from pension funds and sovereign wealth funds. Standard Chartered has projected XRP ETF inflows could reach $4 billion to $8 billion by year-end if the bill becomes law.

This article is for informational purposes only and does not constitute investment advice.