diff --git a/wp-includes/class-wp-application-passwords.php b/wp-includes/class-wp-application-passwords.php
index 4500a571d8..df8745ecba 100644
--- a/wp-includes/class-wp-application-passwords.php
+++ b/wp-includes/class-wp-application-passwords.php
@@ -203,7 +203,7 @@ class WP_Application_Passwords {
 
 			// Only record activity once a day.
 			if ( $password['last_used'] + DAY_IN_SECONDS > time() ) {
-				continue;
+				return true;
 			}
 
 			$password['last_used'] = time();
diff --git a/wp-includes/version.php b/wp-includes/version.php
index 9352bc212c..a44d879497 100644
--- a/wp-includes/version.php
+++ b/wp-includes/version.php
@@ -13,7 +13,7 @@
  *
  * @global string $wp_version
  */
-$wp_version = '5.6-RC2-49738';
+$wp_version = '5.6-RC2-49740';
 
 /**
  * Holds the WordPress DB revision, increments when changes are made to the WordPress DB schema.