Loading...
Market
What will be the next significant change to XRP's reserve requirement by December 31, 2025?
2
Resolution / Starting Odds
Increase to more than 1 XRP • 25%
Decrease to less than 1 XRP • 25%
Remain at 1 XRP • 25%
Other changes • 25%
Official announcements from XRP or Ripple Labs
Story
XRP Reduces Wallet Reserve Requirement by 90% to 1 XRP ($2.56) Amid Price Surge, Active Users at 5,000
Dec 3, 2024, 09:49 AM
XRP has announced a significant reduction in its reserve requirement for creating new wallets, decreasing it by 90%. This change allows users to start an active wallet with just 1 XRP, equivalent to approximately $2.56, making the cryptocurrency more accessible to a broader audience. The adjustment comes amid a price surge for XRP, which has been noted by various sources, including developers from the XRP Ledger. The previous requirement had been 10 XRP to activate an address and 2 XRP for each token transaction, aimed at preventing disorderly expansion of the ledger. The move is expected to increase user engagement, although current active wallet usage remains limited, with the largest browser wallet reporting only 5,000 monthly active users and lacking a first-party client wallet.
View original story
Similar markets
Only a security • 25%
Only a commodity • 25%
Both security and commodity • 25%
Neither • 25%
Release more than 1 billion • 25%
Release 500 million - 1 billion • 25%
Release less than 500 million • 25%
No further release • 25%
Increases by more than 50% • 25%
Increases by 25-50% • 25%
Increases by less than 25% • 25%
Decreases • 25%
Yes • 50%
No • 50%
Increase over 50% • 25%
Increase 0-50% • 25%
Decrease 0-50% • 25%
Decrease over 50% • 25%
Increased Bitcoin holdings • 25%
Increased gold holdings • 25%
Increased U.S. Treasury bond holdings • 25%
Decrease in all major holdings • 25%
Increased regulation • 25%
Decreased regulation • 25%
No change • 25%
Ban on trading • 25%
