[DigitalToday reporter Jinju Hong] XRP Ledger (XRPL) will rename its core server software from "rippled" to "xrpld" ahead of the deployment of version 3.2.0, its next mainnet upgrade. The change is seen as part of an infrastructure overhaul to improve network stability and security and modernise the protocol structure.

Cryptopolitan, a blockchain media outlet, reported on Thursday that the XRP Ledger operations team recently announced on X, formerly Twitter, that "XRPL 3.2.0 is coming soon" and revealed the new name for the core server software. Some command-line interface (CLI) environments have already begun to show the label "xrpld version 3.2.0," it reported.

The update goes beyond a simple change in version number and has a strong focus on reorganising the network's overall operating system. Validators, infrastructure providers and node operators must update their systems before the mainnet switch. The operations team said it is also preparing technical documentation and an operations guide to ensure participation in network consensus is not interrupted.

Version 3.2.0 follows version 3.1.3, which was applied in late May. At the time, XRP Ledger activated the 3.1.3 upgrade at ledger index 104,507,137 and incorporated changes related to NFT functionality, the Vault system, Permissioned Domains and fixes tied to the lending protocol.

Nodes running older software needed to update to maintain participation in network consensus. Ripple Chief Technology Officer David Schwartz (데이비드 슈워츠) has also said the upgrade passed with 100 percent validator consensus.

In the community, assessments of the protocol overhaul have been largely positive. Vet, a representative dUNL validator, said core protocol improvements should continue regardless of market volatility and said, "Market sentiment is temporary, but network improvements contribute to value over the long term." Vet also expressed thanks for the XRPL core developers' continued contributions.

Market prices, however, have continued to show weakness. XRP has fallen from about $3.65 recorded in July last year to around $1.20 now. From about $1.33 at the end of last month, it slid to the $1.18 range this month, falling about 11 percent in less than a week. Market capitalisation was also tallied as having fallen by more than $8 billion over the same period. Bitcoin also slipped to about $61,300, extending selling pressure across cryptocurrencies.

On-chain data, by contrast, has shown signals of long-term holding. More than 25 million XRP recently moved from exchanges to external wallets. Exchange outflows are often interpreted as transfers for long-term storage rather than short-term selling.

The number of wallets holding at least 10,000 XRP was tallied at 332,230, a record high. This is interpreted as an indicator that some investors are continuing to accumulate XRP even during a period of price correction.

The market is watching whether the 3.2.0 upgrade can be successfully completed while maintaining network consensus and stability. With the core server software renaming and infrastructure transition proceeding at the same time, the upgrade is expected to be an important turning point beyond a simple feature improvement, reshaping XRP Ledger's technical identity and operating framework.

XRP Ledger 3.2.0 is coming soon! The core software powering the XRPL is changing its name from rippled to xrpld. This transition will require some updates for infrastructure operators. We're preparing a detailed playbook to help guide you through the upgrade process. pic.twitter.com/296TNhUGkC