The XRP Ledger has reduced the basic reserve requirement from 10 XRP to 1 XRP, in order to lower the threshold for user adoption

According to Cointelegraph, blockchain data shows that the XRP Ledger has reduced its base reserve requirement from 10 XRP to just 1 XRP on December 3rd. This allows new users to top up their wallets with less cryptocurrency, potentially lowering the barrier for user adoption. At the same time, it also enables users to spend part of the XRP they originally had to hold as a reserve. The reserve change occurred at 6:45 am Beijing time today. This news was announced by an XRP validator operator known as Vet on platform X.

Meanwhile, owner reserves have also been reduced from 2 XRPs down to 0.2 XRPs. This means that users only need to keep a reserve of 0.2 XRPs for each object held in their account. According to documents from the XRP Ledger, objects can include NFTs, trust lines, signer lists or owner directories. Some oracles are also considered objects and require owner reserves.