TL;DR:
The XRP Ledger executed a technical update that removed Ripple‘s name from its codebase. The most visible change is the renaming of the core program from “ripple daemon” to “xrpl daemon”, a decision driven by the XRPL Foundation to draw a clear line between the decentralized public network and the private commercial company that shares its name.
According to the Foundation, the confusion between the currency, the blockchain, and the company had persisted for years. Removing the corporate name from the code is set to become a strong argument before regulators such as the U.S. SEC, which has historically questioned the degree of decentralization of the network. The move also aims to attract independent developers who may have kept their distance due to the perception that the project was subordinated to Ripple’s interests.
Later today XRP Ledger version 3.2.0 will be available.
Aside from fixes there's also the big name transition that leaves the legacy name "ripple daemon" behind for the software that powers XRP, and introduces it as "xrpl daemon". pic.twitter.com/EffkiS6fm0
— Vet (@Vet_X0) June 15, 2026
Beyond the symbolism, the XRP Ledger update delivered concrete benefits. The program now consumes between 30% and 40% less RAM, resulting in a more agile system performance. For node operators, that kind of improvement has a direct impact on infrastructure costs.
Meanwhile, the market responded favorably in recent days. XRP posted a 13% jump in a single session and returned to trading around $1.24, a level it had not reached in several weeks. Analysts attributed the rally to the recovery of the U.S. stock market, which restored appetite for risk assets.
Large holders took advantage of XRP’s persistent decline to strengthen their positions. Wallets holding at least one million XRP already control 74.1% of the total existing supply. Over the past six months, those addresses added 1.53 billion coins, a long-term confidence signal backed by the expansion of Ripple‘s payment corridors and the launch of real-world asset tokenization projects.
The XRP Ledger is working to distance itself from the Ripple name. The market, meanwhile, keeps betting precisely on the projects that same company drives forward.
