With the recent price rally in XRP, David Schwartz has take to twitter and spoken about advocating for the XRPL reserve requirements to be lowered. Currently you need 20 XRP to open a wallet.
The XRP Ledger applies reserve requirements, in XRP, to protect the shared global ledger from growing excessively large as the result of spam or malicious usage. The goal is to constrain the growth of the ledger to match improvements in technology so that a current commodity-level machine can always fit the current ledger in RAM and the full ledger history on disk.
To submit transactions, an address must hold a minimum amount of XRP in the shared global ledger. You cannot send this XRP to other addresses. To fund a new address, you must send enough XRP to meet the reserve requirement.
If the price of XRP stays over 1 USD for two weeks, I will personally start advocating for a drop in the XRPL reserve requirements from 20/5 to 10/2.
— 𝘋𝘢𝘷𝘪𝘥 “𝘑𝘰𝘦𝘭𝘒𝘢𝘵𝘻” 𝘚𝘤𝘩𝘸𝘢𝘳𝘵𝘻 (@JoelKatz) April 10, 2021
In my opinion $20 to open a XRPL wallet is not bad at all, especially when you have people paying hundred of dollars in Ethereum gas fees. The current minimum reserve requirement is 20 XRP. (This is the cost of an address that owns no other objects in the ledger.) Each new account must set aside this much XRP, which cannot be recovered or sent to others.