The XRP Ledger has achieved a significant milestone with 89% of trusted validators now running the xrpld v3.2.0 upgrade, representing substantial progress from the previous 42.12% adoption rate. According to XRP Ledger Explorer data, 31 out of 35 validators on the default Unique Node List (UNL) are now running the latest software version, marking a major advancement toward the activation threshold. The upgrade has crossed the critical 80% threshold needed for stable network consensus, with validators carrying the responsibility for network consensus determination. However, the upgrade has only been installed on 43% of network nodes (353 out of 833 active nodes), indicating a gradual and incomplete network transition. By comparison, version 3.1.3 remains active on 51% of nodes, representing 58 validators and 440 nodes, or 52.51% of the network. The validator adoption progress is particularly significant as it represents sustained network support, with the default validator list previously sitting around 89% and total network-wide node adoption lagging near 43%.
Released as xrpld v3.2.0, the software package includes infrastructure updates, developer improvements, and bug fixes across the XRP Ledger. One of its most notable changes is the official renaming of the network's main server software from rippled to xrpld, following the XLS-0095 proposal. Beginning June 15, the upgrade changed configuration paths, server metadata, database directory locations, and version naming conventions. Validator operators and node administrators are required to update deployment scripts and server configurations before completing the migration. The update brings infrastructure improvements, security fixes, and developer-focused changes that serve as a background factor supporting the network's case for institutional use. Additionally, a successful lending protocol audit has added to confidence in the network's security and reliability. The latest XRPL validator upgrade represents a welcome improvement for the network, though technical upgrades rarely lift prices without stronger demand behind them.
XRP has dropped below the key $1.10 support level as profit-taking and long liquidations push the token toward $1.08. The token has experienced a quiet pullback of about 2% over the past day, with the latest session trading between roughly $1.10 and $1.12. However, sellers have not taken full control, and the decline looks more like a consolidation phase than a trend reversal. XRP has held up better than much of the crypto market over the past week, keeping the recent dip looking like consolidation instead of a trend reversal. If buyers defend nearby support, bulls could soon have another shot at higher prices. Support sits around $1.05 to $1.10, where buyers have repeatedly stepped in, while resistance remains near $1.15 to $1.18. A daily close below $1.05 would weaken the recent structure, potentially exposing the psychological $1.00 area, with about $0.98 acting as the next notable support.
The daily chart shows XRP trading inside a descending channel that has capped every recovery attempt since May, with the latest rejection occurring after the token failed to hold above the channel's upper boundary. Momentum indicators have weakened significantly, with the daily Relative Strength Index slipping to around 42 after failing to reclaim the neutral 50 level, while the MACD histogram has begun printing smaller positive bars as the MACD line curls toward a bearish crossover. The Fibonacci retracement drawn from the May high to the June low places XRP below the 78.6% retracement level near $1.13. If XRP holds above $1.10, buyers could make another run toward $1.18, while a decisive break below $1.05 would weaken the recent structure and expose the psychological $1.00 level. On the upside, bulls would first need to reclaim $1.13 before challenging resistance around $1.21, where the 61.8% Fibonacci level and previous supply zone converge.
Despite XRP's technical challenges, a separate on-chain development highlights continued institutional interest in the XRP Ledger. According to crypto commentator Whale Factor, tokenized real-world assets on the network have surpassed $4 billion after standing near $150 million a year ago. "The crypto as a toy narrative is dead. Tokenized RWAs on the XRP Ledger just smashed through the $4 BILLION mark," Whale Factor wrote on X. The growth underscores expanding enterprise adoption of the network, with $4 billion in tokenized assets live on the network. However, muted institutional participation has added another headwind, with spot XRP ETF flows remaining largely flat over recent sessions and uncertainty surrounding the timing of the U.S. CLARITY Act continuing to delay a key regulatory catalyst that many investors view as important for broader institutional adoption.
