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The&nbsp;<a href="https://www.thestreet.com/crypto/technology/ripple-to-test-xrp-ledger-and-rlusd-in-trade-settlements" rel="noopener noreferrer nofollow">XRP Ledger</a>&nbsp;is going to implement a major upgrade on May 27 which aims to fix major bugs on the blockchain network.
As reported earlier,&nbsp;version 3.1.3 of the network is available and&nbsp;operators are advised to upgrade their nodes quickly. If nodes don't upgrade by May 27, they risk getting blocked.
The&nbsp;fixCleanup3_1_3 amendment is a major component of the upgrade which&nbsp;carries fixes across non-fungible tokens (NFTs), permissioned domains, vaults, and the lending protocol.
The latest upgrade means the XRP Ledger is maturing beyond a simple payments system and turning into a broader financial network.
<a href="https://www.thestreet.com/crypto/innovation/xrp-ledgers-may-27-upgrade-is-bigger-than-it-looks" rel="noopener noreferrer nofollow">Related: May 27 upgrade brings unexpected fixes to XRP Ledger</a>
<h2 id="metrics-reflect-fear-among-xrp-traders">Metrics reflect fear among XRP traders</h2>
The XRP Ledger's native token is <a href="https://www.thestreet.com/crypto/tag/xrp" rel="noopener noreferrer nofollow">XRP</a>, which is the world's fifth-largest cryptocurrency with a market capitalization of $82 billion.
Latest metrics suggest that the sentiment around XRP isn't very positive, given the ongoing downturn in the broader crypto market.
Santiment Intelligence recently <a href="https://x.com/SantimentData/status/2047737088158622120" rel="noopener noreferrer nofollow">revealed</a> that the XRP Ledger posted a total&nbsp;exchange outflow of&nbsp;34.94 million XRP tokens on May 24. In fact, it was&nbsp;XRP's 6th largest&nbsp;24-hour&nbsp;exchange outflow of 2026.
<figure><a href="https://x.com/SantimentData/status/2047737088158622120" rel="noopener noreferrer nofollow"></a>
 <figcaption>
 XRP exchange outflow, Source: Santiment Intelligence
 </figcaption>
</figure>
The on-chain sentiment analysis platform also <a href="https://x.com/SantimentData/status/2059335097648820320" rel="noopener noreferrer nofollow">disclosed</a> on May 26 that the average&nbsp;XRP trader active in the past 30 days&nbsp;is down 47% on their holdings.
XRP's 30-day Market Value to Realized Value (MVRV)&nbsp;has dropped to the lowest level since December 2020, which indicates that "fear and frustration" among traders have reached "rare extremes."
<figure><a href="https://x.com/SantimentData/status/2059335097648820320" rel="noopener noreferrer nofollow"><img src="https://www.thestreet.com/.image/c_fit%2Ch_675%2Cw_1200/MjIzNjYxNzkzOTEyODI1NTcw/hgseekmwiaegfvj.jpg" height="674" width="1200"></a>
 <figcaption>
 XRP average trader returns,&nbsp;Source: Santiment Intelligence
 </figcaption>
</figure>
As per&nbsp;Santiment Intelligence, the&nbsp;undervalued MVRV zone tends to signal that&nbsp;the majority of panic selling has already occurred and even&nbsp;small positive catalysts can trigger a strong recovery.
On May 25, the on-chain platform <a href="https://x.com/SantimentData/status/2059043383814083008" rel="noopener noreferrer nofollow">revealed</a> another disappointing metric for XRP.
The crowd sentiment regarding the cryptocurrency has turned sharply negative, with the ratio of positive to negative commentary dropping to 1.1 only.
<figure><a href="https://x.com/SantimentData/status/2059043383814083008" rel="noopener noreferrer nofollow"><img src="https://www.thestreet.com/.image/c_fit%2Ch_675%2Cw_1200/MjIzNjYxOTIwMDc3NDg5ODkw/hgseekmwiaegfvj.jpg" height="675" width="1200"></a>
 <figcaption>
 XRP crowd sentiment,&nbsp;Source: Santiment Intelligence
 </figcaption>
</figure>
But&nbsp;Santiment Intelligence argued that such "fear and skepticism" among traders&nbsp;has often acted as a contrarian signal for XRP’s price.
When traders become fearful, it reduces selling pressure and creates conditions for a rebound, it added.
<h3 id="trending-on-thestreet-roundtable">Trending on TheStreet Roundtable:</h3>
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<h2 id="xrp-remains-sluggish-on-price-chart">XRP remains sluggish on price chart</h2>
XRP hit the record high price of $3.65&nbsp;on Jul 18, 2025. But it has been struggling on the charts, like nearly all cryptocurrencies, after the Oct. 10 crash last year.
XRP is down nearly 30% this year, and was trading at $1.32 at the time of writing.
<a href="https://www.thestreet.com/crypto/markets/ripple-ceo-denies-being-an-xrp-maxi" rel="noopener noreferrer nofollow">Related: Ripple CEO denies being an XRP maxi</a>

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