Ripple transferred billions in XRP for just $0.0013, showcasing XRPL’s cost efficiency.
Ripple reduces XRPL account creation fees by 90% to boost accessibility for new users.
XRPL average transaction cost of $0.005145 beats Bitcoin's $3.50 and Ethereum's $1.48 fees.
Ripple, a blockchain-based digital payment network has recently completed a huge transfer of XRP, worth about $915 million, with an incredibly low transaction fee of just 0.0005 XRP. This highlights one of the biggest advantages of the XRP Ledger (XRPL)—its ultra-low fees. Such cost-effective transactions are becoming a key reason why XRP is gaining more attention in the crypto world.
*XRPL’s Low Fee Impact On XRP’s Price*
The XRP Ledger’s extremely low fees could play a big role in increasing XRP’s value. As more people use XRP for quick and cheap transactions, demand for the coin could rise. This growing interest could push the price of XRP higher in the long term, especially as more businesses and users realize the benefits of using XRPL over other networks with higher costs.
With XRP’s value already up 7% in the last 24 hours, it seems like these low fees are helping drive interest and demand.
The clarity on regulatory issues has relieved XRP investors, but broader market sentiments will still influence the asset. A key moment could push XRP past $2.40, boosting its chances of reaching $3.12. However, if the price drops below $1.68, it might indicate a prolonged decline.
Recent data from Santiment highlights that XRP’s market cap surged by ~83% in the past 7 days, and social media discussions about the project are at their highest since January.