XRP Aims for Smooth Upgrade and Price Boost: What's at Stake?

XRP's price is inching upward with a modest 3% bump, hinting at market anticipation ahead of a significant upgrade scheduled for June 15. The XRP Ledger is rolling out version 3.2.0 of its core software, promising to slash server memory usage by up to 40%. That's a big deal for node operators and could seriously boost transaction processing.

A name change is also in the works, with the software shifting from "rippled" to "xrpld," marking XRP's move toward greater independence from Ripple the company. This change aims to clear up confusion that's dogged the network for years. And for a network that's all about speed and efficiency, these tech tweaks could pave the way for broader adoption.

The price action is telling. XRP is hovering around $1.17, a sign of mild interest but not yet a big deal. The market's eyeing key levels: $1.18 to $1.26 is the first resistance cluster, while $1.05 remains a critical support. If the upgrade sparks positive sentiment, we could see XRP pushing past resistance, but don't hold your breath for a massive breakout till regulatory and macro conditions clear up.

Here's the thing: while XRP's short-term moves are intriguing, the long-term view suggests a potential climb. Projections of $1.63 by the end of 2026 and $3.60 over five years aren't just wishful thinking if institutional adoption kicks into high gear. But traders might be more tempted by the allure of newer projects like LiquidChain, offering early-stage excitement that's harder to find with a giant like XRP.