Massive transfer highlights efficiency: On December 12, 2024, Ripple executed a significant transfer of 380 million XRP, valued at approximately 915 million USD, for a mere 0.0005 XRP fee. Such low costs position XRP as a competitive alternative to other cryptocurrencies.
User engagement may increase demand: Ripple’s recent 90% fee reduction for creating XRPL accounts enhances accessibility, while the average transaction cost of 0.005145 USD attracts businesses. With a recent value increase of 7%, XRP’s lower fees not only bolster its popularity but may also drive its price upward.