XRP Ledger Proposes Zero-Reserve Wallets for Developers
A new proposal aims to enable XRP Ledger wallets without upfront XRP deposits, shifting reserve costs to sponsors.
A new proposal aims to enable XRP Ledger wallets without upfront XRP deposits, shifting reserve costs to sponsors. XRP (XRP) is trading at ₹125 ($1.31), down 0.8% since this brief published. This is an original Token Times brief synthesising 2 outlets (Blockonomi, The Cryptonomist), plus live market data, as of Wed, 28 Oct 2026 15:00:01 UTC.
This change could significantly lower barriers to entry for developers and payment apps using the XRP Ledger, potentially boosting adoption and innovation while shifting the economic model for wallet creation.
- XRP Ledger developers propose 'SponsoredAccountCreate' to enable zero-reserve wallets.
- Sponsoring accounts would cover reserve requirements, not eliminate them entirely.
- The change aims to facilitate embedded wallets and automated payments.
- XRP price is up 0.68% to $1.32, with a $83.45B market cap.
Blockonomi and The Cryptonomist both report that the XRP Ledger community has proposed a new amendment called 'SponsoredAccountCreate' to allow developers to create wallets without holding XRP. The proposal, submitted on October 15, 2023, would enable a sponsoring account to cover the required reserve, making it easier to deploy payment apps and automated systems. While both outlets agree on the core details, The Cryptonomist specifies the proposal date as October 15, 2023, while Blockonomi mentions 10 supporting validator votes on an unspecified date.
- XRP Ledger Hits Record 8.24M Wallets Amidst Bullish Price Projections
- XRP Ledger Proposes Zero-Reserve Wallets for Developers — this brief
Developers of the 
XRP Ledger have proposed a new feature called 'SponsoredAccountCreate' that would allow users to create wallets without needing to hold XRP for the reserve requirement. This proposal aims to make it easier for developers to deploy payment applications and automated systems on the XRP Ledger.
Under the proposed system, a sponsoring account would cover the reserve cost, which is currently necessary to prevent spam and ensure the network's integrity. This shift would not eliminate the reserve requirement but would transfer the burden from individual users to sponsors, such as companies or developers.
The proposal was submitted on October 15, 2023, according to The Cryptonomist, and has garnered support from validators, with Blockonomi reporting 10 supporting validator votes. This development aligns with Ripple's recent partnership with Privy, which focuses on embedded wallets and automated payments using XRP and RLUSD.
The XRP Ledger has been gaining traction as a platform for various applications beyond its native cryptocurrency, XRP. The introduction of zero-reserve wallets could further enhance its appeal to developers and businesses looking to leverage blockchain technology for payments and other financial services.
In the current market context, XRP is trading at $1.32, up 0.68% in the last 24 hours, with a market cap of $83.45 billion. The broader crypto market remains relatively flat, with a total market cap of $2.77 trillion. The 
Ripple USD (RLUSD) stablecoin has a circulating supply of $2.57 billion, according to DeFiLlama.
Since this brief published about 2 hours ago, XRP (XRP) has moved from ₹125.66$1.32 to ₹124.71$1.31 — -0.76%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹131.15 (about $1.31), down 0.4% over 24 hours. The rupee itself trades about 5.2% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 28, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
XRP Ledger Proposes Zero-Reserve Wallets for Developers — questions & answers
What is the 'SponsoredAccountCreate' proposal?
It is a proposal to allow XRP Ledger wallets to be created without holding XRP, with sponsors covering the reserve cost.
How would zero-reserve wallets affect XRP Ledger users?
Users would no longer need to hold XRP for the reserve, making it easier to create wallets for payment apps and automated systems.
What is the current status of the proposal?
The proposal was submitted on October 15, 2023, and has received support from validators, with 10 votes reported.
How much is 1 XRP worth in rupee today?
About ₹131.15 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.31. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Has XRP's price moved since this brief was published?
XRP is down 0.76% since this brief first published — trading at ₹125 ($1.31) now versus ₹126 ($1.32) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Blockonomi, The Cryptonomist, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.