XRP Ledger Proposes Quantum-Resistant Signing Keys With No Fee Increase as Payments Volume Hits 1.16 Billion XRP

The XRP Ledger Foundation has proposed a quantum-resistant account upgrade that would allow users to replace existing signing keys with new quantum-secure alternatives without paying higher base transaction fees. The proposal centers on the ML-DSA-44 signature scheme, which was approved by the National Institute of Standards and Technology in 2024, and would require protected transactions to consume more storage space. Ripple is targeting a full security transition across the network by 2028, with development work ongoing including compatibility fixes and validator testing.

Separately, XRP Ledger payments volume crossed a historic milestone on November 9, reaching 1.16 billion XRP according to data from XRPScan. The surge in on-chain activity came even as XRP's market price fell roughly 13% on the week. Binance funding rates for XRP hit a one-year high, signaling persistent bullish positioning among derivatives traders despite the price decline, while spot XRP ETFs recorded $10.4 million in outflows over the same period.