XRP Ledger Reduces Reserve Requirement by 90%

XRP Ledger has reduced the base reserve requirement from 10 XRP to just 1 XRP on December 2, 2024. This change allows new users on the network to fund their wallets with smaller amounts of cryptocurrency, helping to lower the barrier to entry into the network. Additionally, the reserve value of holders has also decreased from 2 XRP to 0.2 XRP for each object they hold in their account.

This decision aims to prevent the creation of spam accounts with little or no XRP, while encouraging an increase in the number of users and activity on the ledger. However, some developers have expressed concerns that increased activity may pose challenges for network infrastructure if not managed well. This adjustment is seen as an important step toward promoting wider adoption of XRP Ledger in the context of strong growth in the value of XRP.