10 XRP, the minimum reserve required to activate an XRPL account in non-custodial wallets, is a barrier to new users, a commonly heard sentiment shared by the CEO and founder of XPMarket, one of the most popular platforms on the XRP Ledger.

Minimum Wallet Size of 10 XRP Becomes a Barrier for XRPL

10 XRP, the minimum reserve to activate accounts on the XRP Ledger network, is too high, argues Artur Kiryakulov, CEO and founder of XPMarket, in a recent thread on X. This fact threatens to attract new generations of users to the XRP Ledger and its non-custodial applications.

"Popular opinion: The 10 XRP wallet reserve is a major barrier to new user acquisition on the XRPL. After seeing its impact on user acquisition this week, I am convinced that it is unwise to maintain such a high reserve. Anyone who argues otherwise is sabotaging the growth of retail-focused ecosystems."

Popular opinion: The 10 XRP wallet reserve is a major obstacle for onboarding new users to the #XRPL.

After seeing its impact on user on-boarding this week, I’m convinced it’s unreasonable to maintain such a high reserve. Anyone claiming otherwise is sabotaging retail-driven… pic.twitter.com/Z3h8EPndgx

— Dr. Artur Kirjakulov (@Kirjakulov) October 11, 2024

He suggested that such a threshold could be due to the fact that there is a significant psychological barrier between free and paid products, even if the price is only one cent.

While he claimed that this view is popular in the XRP community, some enthusiasts of the XRP Ledger ecosystem disagreed with Kiryakulov over his statement. Commentators suggested that those users who are not willing to deposit a reserve of 10 XRP in their accounts on the network can use centralized services to transact with the cryptocurrency.

Additionally, withdrawal fees on Bitcoin (BTC) and Ethereum (ETH) networks are much higher than XRP account activation fees.

XRP Accounts Under Spam Attack Despite Registration Restrictions

At the time of publication, the minimum reserve to activate an XRP Ledger account in USD is $5.37. The price of XRP has risen 0.65% in the last 24 hours amid falling trading volume.

There has been a long-running debate in the global XRP community about minimum reserves, with proponents arguing that it is a useful tool to protect XRPL resources from being drained by spammers.

Over the past year, XRP accounts have been attacked by spam messages sent as on-chain transactions with attached advertisements.