diff --git a/README.md b/README.md
index 6f6143a5..42f9c8ae 100644
--- a/README.md
+++ b/README.md
@@ -16,7 +16,7 @@ with the following features:
 Install the provider by using the Upbound CLI after changing the image tag to the latest release:
 
 ```
-up ctp provider install xpkg.upbound.io/linode/provider-ceph:v0.0.47
+up ctp provider install xpkg.upbound.io/linode/provider-ceph:v0.0.48-rc.0.1.g5553134
 ```
 
 Alternatively, you can use declarative installation:
@@ -27,7 +27,7 @@ kind: Provider
 metadata:
   name: linode-provider-ceph
 spec:
-  package: xpkg.upbound.io/linode/provider-ceph:v0.0.47
+  package: xpkg.upbound.io/linode/provider-ceph:v0.0.48-rc.0.1.g5553134
 EOF
 ```
 See [WEBHOOKS.md](docs/WEBHOOKS.md) for instructions on how to enable webhooks.
diff --git a/package/crossplane.yaml b/package/crossplane.yaml
index fa6f8c9c..ac7c8c05 100644
--- a/package/crossplane.yaml
+++ b/package/crossplane.yaml
@@ -12,4 +12,4 @@ metadata:
     friendly-name.meta.crossplane.io: Provider Ceph
 spec:
   controller:
-    image: xpkg.upbound.io/linode/provider-ceph:v0.0.47
+    image: xpkg.upbound.io/linode/provider-ceph:v0.0.48-rc.0.1.g5553134