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XRP Account Base reserve lowered to 10 XRP, and Owner reserve lowered to 2 XRP


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Nice. I wonder does this indicate confidence from the major validator owners that the price is unlikely to drop back to the 20-30c range for a sustained period.

Does anyone know if any validators posted publicly about their reasons for voting this way?

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3 minutes ago, panmores said:

Sweet - does this auto reflect with trust lines? Still see the same XRP holdings. Or how does it free up the XRP for lower reserve and trust line costs?

 

You still have the same amount of XRP, just the amount that's locked into your wallet and can't be spent is lower. If you're using XUMM, the app hasn't been updated to reflect the lower reserves yet. XRPL Labs said they're working on getting out an update shortly.

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