As Cointelegraph reported, XRP Ledger reduced its base reserve requirement from 10 XRP to 1 XRP on December 2, lowering the entry barrier for new users and allowing users to use part of their reserve XRP.
The reserve change was announced on X by an XRP validator operator who goes by the pseudonym Vet. The owner reserve also dropped from 2 XRP to 0.2 XRP, and users only need to hold 0.2 XRP to manage objects in their accounts.
The purpose of the reserve is to prevent the ledger from growing beyond the storage capacity of nodes and to prevent the creation of spam accounts with no XRP. High reserve requirements have been criticized as hindering network adoption.
XRP Ledger developer WietseWind said that while the lower reserve requirement could increase ledger activity, engineers could handle the strain on the network. The reserve change will require a validator reset and vote, which will not be implemented until December 2.
XRP’s price has risen recently as Ripple Labs’ legal battle with the U.S. Securities and Exchange Commission continues.