PANews reported on December 3rd that according to Cointelegraph, blockchain data showed that XRP Ledger had reduced the basic reserve requirement from 10 XRP to only 1 XRP on December 3rd. This allows new users to recharge their wallets with less cryptocurrency, which may lower the threshold for user adoption. At the same time, it also enables users to spend part of the XRP that they originally had to hold as reserves. The reserve change occurred at 6:45 am Beijing time today. The news was announced on the X platform by the XRP validator operator under the pseudonym Vet.

At the same time, the owner reserve has also been reduced from 2 XRP to 0.2 XRP. This means that users only need to keep 0.2 XRP for each object held in their account. According to the XRP Ledger's documentation, objects can include NFTs, trust lines, lists of signers, or owner directories. Some oracles also count as objects and require an owner reserve.