The XRP Ledger is going to implement a major upgrade on May 27 which aims to fix major bugs on the blockchain network. As reported earlier, version 3.1.3 of the network is available and opera
The XRP Ledger is going to implement a major upgrade on May 27 which aims to fix major bugs on the blockchain network.
As reported earlier, version 3.1.3 of the network is available and operators are advised to upgrade their nodes quickly. If nodes don't upgrade by May 27, they risk getting blocked.
The fixCleanup3_1_3 amendment is a major component of the upgrade which carries fixes across non-fungible tokens (NFTs), permissioned domains, vaults, and the lending protocol.
The latest upgrade means the XRP Ledger is maturing beyond a simple payments system and turning into a broader financial network.
Related: May 27 upgrade brings unexpected fixes to XRP Ledger
The XRP Ledger's native token is XRP, which is the world's fifth-largest cryptocurrency with a market capitalization of $82 billion.
Latest metrics suggest that the sentiment around XRP isn't very positive, given the ongoing downturn in the broader crypto market.
Santiment Intelligence recently revealed that the XRP Ledger posted a total exchange outflow of 34.94 million XRP tokens on May 24. In fact, it was XRP's 6th largest 24-hour exchange outflow of 2026.
XRP exchange outflow, Source: Santiment IntelligenceThe on-chain sentiment analysis platform also disclosed on May 26 that the average XRP trader active in the past 30 days is down 47% on their holdings.
XRP's 30-day Market Value to Realized Value (MVRV) has dropped to the lowest level since December 2020, which indicates that "fear and frustration" among traders have reached "rare extremes."
XRP average trader returns, Source: Santiment IntelligenceAs per Santiment Intelligence, the undervalued MVRV zone tends to signal that the majority of panic selling has already occurred and even small positive catalysts can trigger a strong recovery.
On May 25, the on-chain platform revealed another disappointing metric for XRP.
The crowd sentiment regarding the cryptocurrency has turned sharply negative, with the ratio of positive to negative commentary dropping to 1.1 only.
XRP crowd sentiment, Source: Santiment IntelligenceBut Santiment Intelligence argued that such "fear and skepticism" among traders has often acted as a contrarian signal for XRP’s price.
When traders become fearful, it reduces selling pressure and creates conditions for a rebound, it added.
XRP hit the record high price of $3.65 on Jul 18, 2025. But it has been struggling on the charts, like nearly all cryptocurrencies, after the Oct. 10 crash last year.
XRP is down nearly 30% this year, and was trading at $1.32 at the time of writing.
