Key Highlights
- XRPL activated version 3.1.3 with the fixCleanup3_1_3 upgrade, improving NFTs, Vaults, Lending, and Permissioned Domains.
- Nodes below version 3.1.3 are blocked, and about 67% of the network has already upgraded with full validator consensus.
- XRP price fell to about $1.31, but trading volume jumped over 31%, showing strong activity despite the market selloff.
The XRP Ledger (XRPL) has activated its version 3.1.3 upgrade on the mainnet, bringing the fixCleanup3_1_3 amendment into effect. The upgrade went live today, May 27, at 03:51:20 UTC with ledger index 104,507,137.
XRPL contributor and dUNU validator Vet also confirmed the activation, noting that the system is now running the updated amendment. He warned that any node still running a version below 3.1.3 must upgrade to continue operating within the network.
“The XRP Ledger is closing blocks normally and looks good,” Vet said while also acknowledging community support for the update rollout.
What the upgrade changes
The upgrade introduces fixCleanup3_1_3, which applies fixes across several XRPL components, including NFTs, Permissioned Domains, Vaults, and the Lending Protocol.
The update removes expired NFT token offer entries that were still left behind in the system. It also prevents failed transactions from modifying Permissioned Domains, improving consistency in permission rules.
Vault functions were also updated to fix trust line token limit checks during withdrawals. The lending protocol was also fixed, including correcting wrong loan records, removing loan overpayments, and adding extra checks to make sure assets match properly. Overall, the upgrade helps the system stay clean, accurate, and safer for more advanced uses like DeFi and token-based assets.
Node updates and network rules
Nodes running older versions below 3.1.3 are now blocked from full network participation. This means they cannot fully join the process that keeps the ledger running unless they upgrade.
About 67% of network nodes have already transitioned to the new version. Meanwhile, the upgrade did not require manual governance voting because it was marked as critical, resulting in an automatic default approval process. Full consensus was recorded among Ripple and validator participants during deployment.
XRP price activity shows mixed sentiments
Meanwhile, this comes as XRP itself dropped to $1.31, a drop of about 3% over the past 24 hours. Even still, trading activity went up by over 31.75% to about $1.81 billion in volume.
However, this increase in activity compared to the price drop suggests that these are just traders selling the token. This happened as the overall crypto market faced pressure ahead of US PCE inflation data and monthly options expiry.
XRP ETF records $1.55 million inflow
Meanwhile, institutional investors are dumping funds into the token through regulated investment products. According to data from SosoValue, the XRP ETFs recorded an inflow of about $1.55 million as of May 26.
Bitwise brought in the largest amount with about $462 million, followed by Canary with $452 million in inflow. Franklin Investment also recorded about $390 million as well.
The XRPL upgrade fits into the network’s broader roadmap, which focuses on areas like tokenized real-world assets, permissioned trading systems, and stronger security for the future.
After the upgrade went live, the network kept running normally. Validators confirmed that blocks were still being processed with no major problems. Operators of older nodes were reminded again that they must upgrade to stay connected, because older versions no longer match the new system rules.
The rollout was automatic because it was marked as a critical update, so no extra voting steps were needed.
Also Read: XRP Flashes Strongest Buy Signal Since 2020 as MVRV Hits Historic Lows
