Account Reserve Slashed to 1 XRP
XRP Ledger developers reduced the base reserve requirement for accounts from 10 XRP to 1 XRP. This adjustment, validated on Monday, aims to lower costs for users and encourage activity on the network.Surging XRP Price Drives Changes
The reduction coincides with XRP’s 448% price surge over the past month, bringing its value to $2.68. XRP has overtaken Tether and Solana to become the third-largest cryptocurrency by market cap.Strategic Timing for the Ecosystem
With SEC Chair Gary Gensler stepping down soon, Ripple's legal battles may ease, further bolstering XRP's ecosystem. Developers are optimistic this change will drive adoption and user engagement.
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