diff --git a/appimage/pre-requirements.txt b/appimage/pre-requirements.txt
index 88881cf65..85ad7199a 100644
--- a/appimage/pre-requirements.txt
+++ b/appimage/pre-requirements.txt
@@ -1,3 +1,3 @@
-'prompt-toolkit>=3.0.29,<3.0.40'  # https://github.com/xonsh/xonsh/issues/5241#issuecomment-1961889489
+'prompt-toolkit>=3.0.29'
 Pygments
 ujson
diff --git a/news/downgrade_ptk.rst b/news/unpin_ptk.rst
similarity index 61%
rename from news/downgrade_ptk.rst
rename to news/unpin_ptk.rst
index 59e05e8ae..d1bdbc27f 100644
--- a/news/downgrade_ptk.rst
+++ b/news/unpin_ptk.rst
@@ -4,7 +4,7 @@
 
 **Changed:**
 
-* Pinned prompt-toolkit version 3.0.29-3.0.39 to workaround upstream issue. More info in issue 5393.
+* <news item>
 
 **Deprecated:**
 
@@ -12,7 +12,7 @@
 
 **Removed:**
 
-* <news item>
+* Unpin prompt-toolkit version (#5438).
 
 **Fixed:**
 
diff --git a/pyproject.toml b/pyproject.toml
index 23c226551..20cadeaf8 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -83,7 +83,7 @@ changelog = "https://github.com/xonsh/xonsh/blob/main/CHANGELOG.rst"
 
 [project.optional-dependencies]
 ptk = [
-    "prompt-toolkit>=3.0.29,<3.0.40",
+    "prompt-toolkit>=3.0.29",
     "pyperclip",
 ]
 pygments = ["pygments>=2.2"]
@@ -98,7 +98,7 @@ full = [
     "ujson",
 ]
 bestshell = [
-    "prompt-toolkit>=3.0.29,<3.0.40",
+    "prompt-toolkit>=3.0.29",
     "pygments>=2.2",
 ]
 test = [
@@ -110,7 +110,7 @@ test = [
     "pytest-timeout",
     "pytest-subprocess",
     "pytest-rerunfailures",
-    "prompt-toolkit>=3.0.29,<3.0.40",
+    "prompt-toolkit>=3.0.29",
     "pygments>=2.2",
     "coverage>=5.3.1",
     "pyte>=0.8.0",