The day after dropping below $1, XRPL set a date for an upgrade.

The official XRPL operations account confirmed that version 3.5.0 is scheduled to go live on December 3. This release will focus solely on improvements and fixes, with no new features. Its main goal is to permanently resolve the occasional ledger closing delays seen in recent weeks. The development team has already rolled out a temporary fix, which improved ledger closing times; the December 3 release is intended to fix the issue for good.

The timing is fitting, too: November 11 marked the 15th anniversary of the first line of XRPL code, and November 13 marked one year since the launch of the first U.S. spot $XRP ETF. Validator Vet also revealed that emergency response times are under a minute, and that security investment will be expanded through 2027 alongside RippleX.

The current price is around $0.99, down about 3.3% in 24 hours and about 15.7% over seven days. It hit an intraday low of around $0.98, just below the $1 psychological threshold.

My take: An upgrade with no new features may sound boring, but for a network that depends on payments and stablecoin settlements, unreliable ledger closures are more damaging than missing features. Improving stability means strengthening the fundamentals. But don’t expect it to support the price in the short term—the upgrade won’t arrive until December 3, and the price has just fallen below $1. Sentiment recovery will depend on two things: whether the upgrade goes smoothly on launch day, and whether the price can reclaim $1. If it can’t, the intraday low around $0.98 will be the first line of defense.

Data as of: 2026-11-14 13:18 UTC
For informational purposes only; this is not investment advice.