diff --git a/CHANGELOG.md b/CHANGELOG.md
index d4017ac048..68a56540c8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -14,6 +14,9 @@ and what APIs have changed, if applicable.
 
 ## [Unreleased]
 
+## [29.57.1] - 2024-06-24
+- Cancel xds stream ready timeout when the stream is closed. Correct xds connection status metric.
+
 ## [29.57.0] - 2024-06-16
 - Add xds client metric for receiving invalid resource
 
@@ -5701,7 +5704,8 @@ patch operations can re-use these classes for generating patch messages.
 
 ## [0.14.1]
 
-[Unreleased]: https://github.com/linkedin/rest.li/compare/v29.57.0...master
+[Unreleased]: https://github.com/linkedin/rest.li/compare/v29.57.1...master
+[29.57.1]: https://github.com/linkedin/rest.li/compare/v29.57.0...v29.57.1
 [29.57.0]: https://github.com/linkedin/rest.li/compare/v29.56.1...v29.57.0
 [29.56.1]: https://github.com/linkedin/rest.li/compare/v29.56.0...v29.56.1
 [29.56.0]: https://github.com/linkedin/rest.li/compare/v29.55.0...v29.56.0
diff --git a/d2/src/main/java/com/linkedin/d2/xds/XdsClientImpl.java b/d2/src/main/java/com/linkedin/d2/xds/XdsClientImpl.java
index 23f0259e7b..ee4e25231f 100644
--- a/d2/src/main/java/com/linkedin/d2/xds/XdsClientImpl.java
+++ b/d2/src/main/java/com/linkedin/d2/xds/XdsClientImpl.java
@@ -214,7 +214,7 @@ private void startRpcStreamLocal() {
       // to one of the sub-channels (unless an error or complete callback is called).
     }, _readyTimeoutMillis, TimeUnit.MILLISECONDS);
     _adsStream.start();
-    _log.info("ADS stream started, connected to server: {}", _managedChannel.authority());
+    _log.info("Starting ADS stream, connecting to server: {}", _managedChannel.authority());
   }
 
   @Override
@@ -257,21 +257,23 @@ private void readyHandler()
       _log.warn("Unexpected state, ready called on null or backed off ADS stream!");
       return;
     }
-    // confirm ready state to neglect spurious callbacks; we'll get another callback whenever it is ready again.
-    if (_adsStream.isReady())
+    // Confirm ready state to neglect spurious callbacks; we'll get another callback whenever it is ready again.
+    // Also confirm ready timeout future is not null to avoid notifying multiple times.
+    if (!_adsStream.isReady() || _readyTimeoutFuture == null)
     {
-      // if the ready timeout future is non-null, a reconnect notification hasn't been sent yet.
-      if (_readyTimeoutFuture != null)
-      {
-        // timeout task will be cancelled only if it hasn't already executed.
-        boolean cancelledTimeout = _readyTimeoutFuture.cancel(false);
-        _log.info("ADS stream ready, cancelled timeout task: {}", cancelledTimeout);
-        _readyTimeoutFuture = null; // set it to null to avoid repeat notifications to subscribers.
-        _xdsClientJmx.incrementReconnectionCount();
-        notifyStreamReconnect();
-      }
-      _xdsClientJmx.setIsConnected(true);
+      return;
+    }
+
+    // timeout task will be cancelled only if it hasn't already executed.
+    boolean cancelledTimeout = _readyTimeoutFuture.cancel(false);
+    _log.info("ADS stream ready, cancelled timeout task: {}", cancelledTimeout);
+    _readyTimeoutFuture = null; // set it to null to avoid repeat notifications to subscribers.
+    if (_retryRpcStreamFuture != null)
+    {
+      _retryRpcStreamFuture = null;
+      _xdsClientJmx.incrementReconnectionCount();
     }
+    notifyStreamReconnect();
   }
 
   @VisibleForTesting
@@ -493,6 +495,7 @@ private void notifyStreamError(Status error)
         subscriber.onError(error);
       }
     }
+    _xdsClientJmx.setIsConnected(false);
   }
 
   private void notifyStreamReconnect()
@@ -504,6 +507,7 @@ private void notifyStreamReconnect()
         subscriber.onReconnect();
       }
     }
+    _xdsClientJmx.setIsConnected(true);
   }
 
   @VisibleForTesting
@@ -899,7 +903,7 @@ public void onNext(DeltaDiscoveryResponse response)
 
                 if (!_responseReceived && responseData.getControlPlaneIdentifier() != null)
                 {
-                  _log.info("Successfully established stream with ADS server: {}",
+                  _log.info("Successfully received response from ADS server: {}",
                       responseData.getControlPlaneIdentifier());
                 }
                 _responseReceived = true;
@@ -1008,6 +1012,13 @@ private void cleanUp()
       {
         _adsStream = null;
       }
+
+      if (_readyTimeoutFuture != null)
+      {
+        _readyTimeoutFuture.cancel(true);
+        _readyTimeoutFuture = null;
+      }
+
       if (_retryRpcStreamFuture != null)
       {
         _retryRpcStreamFuture.cancel(true);
diff --git a/d2/src/main/java/com/linkedin/d2/xds/XdsToD2PropertiesAdaptor.java b/d2/src/main/java/com/linkedin/d2/xds/XdsToD2PropertiesAdaptor.java
index dc33d133dc..a8b9293135 100644
--- a/d2/src/main/java/com/linkedin/d2/xds/XdsToD2PropertiesAdaptor.java
+++ b/d2/src/main/java/com/linkedin/d2/xds/XdsToD2PropertiesAdaptor.java
@@ -228,6 +228,12 @@ public void onChanged(XdsClient.NodeUpdate update)
             _serviceEventBus.publishInitialize(serviceName, null);
           }
         }
+        else
+        {
+          // Received xds resource update while service event bus is not set. Notify that the xds source becomes
+          // available instead.
+          onReconnect();
+        }
       }
 
       @Override
@@ -284,6 +290,12 @@ public void onChanged(XdsClient.NodeUpdate update)
             _clusterEventBus.publishInitialize(clusterName, null);
           }
         }
+        else
+        {
+          // Received xds resource update while cluster event bus is not set. Notify that the xds source becomes
+          // available instead.
+          onReconnect();
+        }
       }
 
       private void publishClusterData(String clusterName, ClusterProperties properties)
@@ -542,6 +554,12 @@ private void mergeAndPublishUris(String clusterName)
       {
         _uriEventBus.publishInitialize(clusterName, mergedUriProperties);
       }
+      else
+      {
+        // Received xds resource update while uri event bus is not set. Notify that the xds source becomes
+        // available instead.
+        onReconnect();
+      }
 
       if (_dualReadStateManager != null)
       {
diff --git a/gradle.properties b/gradle.properties
index 4603347bbc..eb09a518a3 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,4 +1,4 @@
-version=29.57.0
+version=29.57.1
 group=com.linkedin.pegasus
 org.gradle.configureondemand=true
 org.gradle.parallel=true