XRPL Reserve Requirement Drops by 90%, Moving XRP to the 3rd Position in the MarketCap Crypto Hierarchy

In a recent update, the XRP Ledger (XRPL) account reserve fee has dropped by 90% to 1 XRP. A prominent XRP community member, Vet, posted the update on

The XRP Ledger (XRPL) account reserve fee has dropped by 90% to 1 XRP, according to an update posted by prominent XRP community member Vet on the X platform.

“XRP Ledger reserves just dropped. Activating an XRP account cost now 1 XRP Holding a Token Trustline only 0.2 XRP. Excessive XRP is now freed up in your account that you can spend now!!”

Previously, the XRPL required users to keep a reserve of 10 XRP in their accounts to prevent spam and inactive accounts from congesting the ledger. However, some XRP proponents, including XRPL Labs founder WietseWind, contended that this restriction hindered the blockchain’s growth.

This move comes after a community vote and discussion on reducing the XRPL reserve fee. Last year, SpendTheBits conducted an X poll, asking the XRP community to choose the appropriate fee for activating a wallet on XRPL.

Interestingly, a majority (54.3%) voted in favor of a 90% reduction in the account reserve fee, bringing it down to 1 XRP. Several months later, in October 2024, Wind voted on a proposal to implement this requirement.

Moreover, VET highlighted that the reserve fee for trust lines, objects, or NFTs has also dropped by 90%, decreasing from 2 XRP to 0.2 XRP. This reduction releases extra XRP coins into users’ on-chain wallets, making them available for use.

This 90% reduction in account and object reserve fees comes as XRP’s price surges rapidly. XRP has climbed to the third position in the MarketCap crypto hierarchy, pushing USDT down a rank.

While XRP boasts a market capitalization of $149.83 billion, USDT trails behind at $134 billion. At the time of writing, XRP’s price is trading at $2.67, showing a 12.85% increase over the last 24 hours and a 90.4% surge in the past week.

Notably, over the last 30 days, XRP’s price has skyrocketed by more than 424%, highlighting the coin’s bullish trend.

Amid this bullish price movement, WisdomTree has filed for an XRP-based Exchange-Traded Fund (ETF) with the Securities and Exchange Commission (SEC). This fund aims to provide investors with controlled exposure to XRP.

If this fund and others from Bitwise, 21Shares, and Canary Capital are approved, the value of XRP is likely to rise further with increased institutional adoption.