diff --git a/.circleci/config.yml b/.circleci/config.yml
index 8e155c46750bdb..85eef10d56e740 100644
--- a/.circleci/config.yml
+++ b/.circleci/config.yml
@@ -79,7 +79,7 @@ executors:
   reactnativeios:
     <<: *defaults
     macos:
-      xcode: &_XCODE_VERSION "13.0.0"
+      xcode: &_XCODE_VERSION "13.3.0"
     resource_class: macos.x86.medium.gen2
 
 # -------------------------
@@ -97,7 +97,11 @@ commands:
     steps:
       - restore_cache:
           key: 1-gems-{{ checksum "Gemfile.lock" }}
-      - run: bundle check || bundle install --path vendor/bundle --clean
+      - run:
+          name: Bundle Install
+          command: |
+            source /usr/local/share/chruby/auto.sh
+            bundle check || bundle install --path vendor/bundle --clean
       - save_cache:
           key: 1-gems-{{ checksum "Gemfile.lock" }}
           paths:
diff --git a/.ruby-version b/.ruby-version
index a4dd9dba4fbfc5..a603bb50a29e35 100644
--- a/.ruby-version
+++ b/.ruby-version
@@ -1 +1 @@
-2.7.4
+2.7.5
diff --git a/Gemfile b/Gemfile
index 2c3edcf4b7011d..5efda89f452582 100644
--- a/Gemfile
+++ b/Gemfile
@@ -1,6 +1,6 @@
 source 'https://rubygems.org'
 
 # You may use http://rbenv.org/ or https://rvm.io/ to install and use this version
-ruby '2.7.4'
+ruby '2.7.5'
 
 gem 'cocoapods', '~> 1.11', '>= 1.11.2'
diff --git a/Gemfile.lock b/Gemfile.lock
index e0f260750f1659..fd7c2f3b84692b 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -1,9 +1,9 @@
 GEM
   remote: https://rubygems.org/
   specs:
-    CFPropertyList (3.0.4)
+    CFPropertyList (3.0.5)
       rexml
-    activesupport (6.1.4.1)
+    activesupport (6.1.5)
       concurrent-ruby (~> 1.0, >= 1.0.2)
       i18n (>= 1.6, < 2)
       minitest (>= 5.1)
@@ -15,11 +15,11 @@ GEM
       httpclient (~> 2.8, >= 2.8.3)
       json (>= 1.5.1)
     atomos (0.1.3)
-    claide (1.0.3)
-    cocoapods (1.11.2)
+    claide (1.1.0)
+    cocoapods (1.11.3)
       addressable (~> 2.8)
       claide (>= 1.0.2, < 2.0)
-      cocoapods-core (= 1.11.2)
+      cocoapods-core (= 1.11.3)
       cocoapods-deintegrate (>= 1.0.3, < 2.0)
       cocoapods-downloader (>= 1.4.0, < 2.0)
       cocoapods-plugins (>= 1.0.0, < 2.0)
@@ -34,7 +34,7 @@ GEM
       nap (~> 1.0)
       ruby-macho (>= 1.0, < 3.0)
       xcodeproj (>= 1.21.0, < 2.0)
-    cocoapods-core (1.11.2)
+    cocoapods-core (1.11.3)
       activesupport (>= 5.0, < 7)
       addressable (~> 2.8)
       algoliasearch (~> 1.0)
@@ -45,7 +45,7 @@ GEM
       public_suffix (~> 4.0)
       typhoeus (~> 1.0)
     cocoapods-deintegrate (1.0.5)
-    cocoapods-downloader (1.5.1)
+    cocoapods-downloader (1.6.1)
     cocoapods-plugins (1.0.0)
       nap
     cocoapods-search (1.0.1)
@@ -54,19 +54,19 @@ GEM
       netrc (~> 0.11)
     cocoapods-try (1.2.0)
     colored2 (3.1.2)
-    concurrent-ruby (1.1.9)
+    concurrent-ruby (1.1.10)
     escape (0.0.4)
     ethon (0.15.0)
       ffi (>= 1.15.0)
-    ffi (1.15.4)
+    ffi (1.15.5)
     fourflusher (2.3.1)
     fuzzy_match (2.0.4)
     gh_inspector (1.1.3)
     httpclient (2.8.3)
-    i18n (1.8.10)
+    i18n (1.10.0)
       concurrent-ruby (~> 1.0)
-    json (2.6.0)
-    minitest (5.14.4)
+    json (2.6.1)
+    minitest (5.15.0)
     molinillo (0.8.0)
     nanaimo (0.3.0)
     nap (1.1.0)
@@ -85,7 +85,7 @@ GEM
       colored2 (~> 3.1)
       nanaimo (~> 0.3.0)
       rexml (~> 3.2.4)
-    zeitwerk (2.5.1)
+    zeitwerk (2.5.4)
 
 PLATFORMS
   ruby
@@ -94,7 +94,7 @@ DEPENDENCIES
   cocoapods (~> 1.11, >= 1.11.2)
 
 RUBY VERSION
-   ruby 2.7.4p191
+   ruby 2.7.5p203
 
 BUNDLED WITH
-   2.2.29
+   2.3.10
diff --git a/template/Gemfile b/template/Gemfile
index 2c3edcf4b7011d..5efda89f452582 100644
--- a/template/Gemfile
+++ b/template/Gemfile
@@ -1,6 +1,6 @@
 source 'https://rubygems.org'
 
 # You may use http://rbenv.org/ or https://rvm.io/ to install and use this version
-ruby '2.7.4'
+ruby '2.7.5'
 
 gem 'cocoapods', '~> 1.11', '>= 1.11.2'
diff --git a/template/_ruby-version b/template/_ruby-version
index a4dd9dba4fbfc5..a603bb50a29e35 100644
--- a/template/_ruby-version
+++ b/template/_ruby-version
@@ -1 +1 @@
-2.7.4
+2.7.5