Yeah, it explains it in the hyperlink from my last response. I think they do it as part of the burning process, so the more accounts that are set up, the more the total supply shrinks, thus the more the value would go up over time (aka deflationary). So yeah, I think you can take out everything excluding the base reserve which is 20 XRP (it may not let you take out the user reserve either, I can't remember now). If anything give it a try and see how much you can get out, but as always, with every transaction there is a fee. Best approach to Ripple in my opinion is either 1) buy a large amount, but it somewhere safe like Ledger, Rippex, etc, and don't touch it for years, or 2) use Ripple as a currency to play market swings on the exchanges because, A) Ripple is one of the most stable currencies out there with consistently high volume, and B) you don't have to worry about the account reserve when leaving XRP on an exchange so you can go all in and all out of it.
Yeah, from the get-go, I had set up that Rippex account as a temporary wallet until my Ledger Nano S arrived. Had I known about this, I probably would've left the XRP in Bitstamp.
I transferred everything out minus the 26 (and change) XRP that's left. I also did this on a temporary laptop, so I guess I need to backup the wallet file, install Rippex on my other personal laptop, and then reinitialize using my secret key, right?
Yeah, I'm personally have been approaching this with your suggestion #1.
Thanks again though!