XRP Ledger Proposal Could Make XRP Less Visible While Easing Onboarding

1 hour ago 3 sources neutral

Key takeaways:

  • Sponsor-funded fees could shift XRP demand from retail to enterprises, strengthening institutional holdings.
  • Privacy and batch transaction capabilities may attract high-value settlements, increasing ledger utility.
  • If validators approve, watch for short-term volatility before network effects lift XRP above $1.10.

A forthcoming amendment to the XRP Ledger, XLS-68, could allow sponsors to cover transaction fees and account reserves for other users, enabling wallet interactions without direct XRP holdings. Detailed by Ripple executive Jazzi Cooper, the proposal is part of the xrpld v3.3.0 release bundle along with four other amendments covering privacy, batch transactions, permissioned delegation, and dynamic token management.

The Sponsored Fees and Reserves amendment is designed to abstract away blockchain complexity. An app, wallet, exchange, or business could pay XRP fees on behalf of end users, letting them interact with the ledger without first acquiring the native token. While this may hide XRP from some user journeys, it could also dramatically lower onboarding friction, especially for enterprises and consumer-facing products like fintech apps or stablecoin issuers.

The other proposed changes include Confidential MPT, which uses zero-knowledge proofs to keep balances and transfer amounts private while still allowing auditor access. Batch permits up to eight transactions from different accounts to settle atomically, supporting delivery-versus-payment flows. Permission Delegation lets institutions grant limited transaction rights without handing over master keys, and Dynamic MPT allows issuers to update token parameters post-creation.

All amendments require validator approval before activation. Until then, they remain proposals. Market observers note that a successful rollout could boost overall network activity, even if individual users hold less XRP directly. Meanwhile, XRP price is holding a key support around $1.05, with traders watching the $1.10 resistance level as the ledger evolves.

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