Whales Accumulate XRP Before Mainnet Upgrade..."May 27th Market Reversal Countdown"

▲ XRP

The XRP Ledger, the core infrastructure of XRP, has completed updates for half of its major nodes ahead of the mainnet upgrade on May 27. The pace of transition for validators and node operators is accelerating ahead of network security enhancements and the implementation of key fixes.

CoinGape reported on May 21 (local time) that the adoption rate of the XRP Ledger v3.1.3 upgrade is rising, and Ripple developers and validators are encouraging a transition to the latest release ahead of the mainnet upgrade on May 27.

Ripple developers introduced the fixCleanup3_1_3 amendment through the XRP Ledger v3.1.3 upgrade. This amendment includes fixes related to non-fungible tokens, permissioned domains, vaults, and lending protocols. The mainnet upgrade is scheduled to be applied on May 27, 2026, at 3:49:21 AM UTC.

According to the article, 50% of the nodes have currently been updated to the latest release. Nodes maintaining older versions may be subject to amendment blocking, which could limit their participation in consensus, transaction processing, and smooth communication with the network. This amendment has secured 100% consensus from Ripple and validators.

This upgrade aligns with the XRP Ledger roadmap, including tokenized real-world assets, permissioned decentralized exchange functionalities, and quantum-resistant security preparations. Previously, XRP Ledger v3.0.0 and v3.1.0 introduced amendments related to accounting accuracy, single-asset vaults, and lending protocol foundations.

Whale accumulation has also increased ahead of the upgrade. According to Santiment data, whales have accumulated over 71 million XRP in the past week. While on-chain whale activity has slowed compared to before, CoinGape reported that option traders maintain a bullish outlook on the possibility of recovering to $1.40 by the end of the month.

CME Group's XRP futures product suite recorded a notional trading volume of $62.87 billion within one year of its launch. The average daily trading volume was tallied at $238 million, and CoinGape reported that futures open interest has increased in recent days ahead of the major event of the XRP Ledger upgrade.

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