diff --git a/Changelog.md b/Changelog.md
index 8fbe3a90f..d5993bcb3 100644
--- a/Changelog.md
+++ b/Changelog.md
@@ -1,5 +1,8 @@
 ### Development
-[Full Changelog](https://github.com/rspec/rspec-rails/compare/v7.0.2...main)
+[Full Changelog](https://github.com/rspec/rspec-rails/compare/v7.1.0...main)
+
+### 7.1.0 / 2024-11-08
+[Full Changelog](https://github.com/rspec/rspec-rails/compare/v7.0.1...v7.0.2)
 
 Enhancements:
 
diff --git a/README.md b/README.md
index e000e0140..ff589d0ff 100644
--- a/README.md
+++ b/README.md
@@ -32,8 +32,9 @@ According to [RSpec Rails new versioning strategy][] use:
 
 ## Installation
 
-**IMPORTANT** This README / branch refers to the current development build.
-See the [`7-0-maintenance` branch on Github](https://github.com/rspec/rspec-rails/tree/7-0-maintenance) if you want or require the latest stable release.
+**IMPORTANT** This README / branch refers to the 7.1.x stable release series, only bugfixes from this series will
+be added here. See the [`main` branch on Github](https://github.com/rspec/rspec-rails/tree/main) if you want or
+require the latest unstable features.
 
 1. Add `rspec-rails` to **both** the `:development` and `:test` groups
    of your app’s `Gemfile`:
diff --git a/lib/rspec/rails/version.rb b/lib/rspec/rails/version.rb
index 96fe5d6c7..e03e64027 100644
--- a/lib/rspec/rails/version.rb
+++ b/lib/rspec/rails/version.rb
@@ -3,7 +3,7 @@ module Rails
     # Version information for RSpec Rails.
     module Version
       # Current version of RSpec Rails, in semantic versioning format.
-      STRING = '7.1.0.pre'
+      STRING = '7.2.0.pre'
     end
   end
 end