diff --git a/README.md b/README.md
index ed4ab2e0..5e8994e4 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:v1.1.1-rc.0.8.g11cb232
+up ctp provider install xpkg.upbound.io/linode/provider-ceph:v1.2.1
 ```
 
 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:v1.1.1-rc.0.8.g11cb232
+  package: xpkg.upbound.io/linode/provider-ceph:v1.2.1
 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 de7fc9ae..2615b15b 100644
--- a/package/crossplane.yaml
+++ b/package/crossplane.yaml
@@ -14,4 +14,4 @@ spec:
   capabilities:
   - safe-start
   controller:
-    image: xpkg.upbound.io/linode/provider-ceph:v1.1.1-rc.0.8.g11cb232
+    image: xpkg.upbound.io/linode/provider-ceph:v1.2.1