🔥 XRP Burns Surge! Could This Trigger a Major Supply Shock?

Recent activity on the XRP Ledger has caught the attention of the crypto community. While there’s no official confirmation of a $30 million burn in XRP tokens, the network did witness a notable 100% spike in daily token burns, with over 4,600 XRP destroyed in just one day.

📊 Current Snapshot:

XRP Price: Around $2.26

Market Cap: Approx. $128.64 Billion

Burn Mechanism: XRP is burned incrementally with each transaction, slowly reducing the circulating supply.

🧠 What’s Behind the Spike?

The sudden rise in burn rate appears to be linked to a temporary increase in on-chain activity. This isn’t necessarily a long-term trend, but it does signal growing usage of Ripple’s network and a potential uptick in real-world utility.

💼 Institutional Momentum – XRP ETF in Sight?

There’s rising anticipation around the approval of a spot XRP ETF. Analysts are increasingly optimistic, expecting such a move could funnel billions in institutional investment into XRP. A green light for an ETF could be a game-changer for Ripple’s ecosystem.

⚖️ Regulatory Landscape – SEC vs. Ripple Update

A joint motion has been filed to pause the appeal in the ongoing SEC lawsuit, possibly laying the groundwork for a settlement. A resolution could ease regulatory tension and further strengthen the case for an XRP ETF.

🚀 What This Means for Price Action:

Supply Shock Potential: Analysts suggest that if XRP’s adoption grows—especially with increased cross-chain bridges and higher burn rates—we could witness a supply squeeze pushing prices toward $3.

Key Levels to Watch:

Support: $2.00, with potential dips to $1.92 or $1.84

Resistance: A move above $2.20 may set the stage for a rally toward $2.35–$2.50

Final Thought:

While XRP's current burn levels aren't yet market-moving, the underlying signals—rising utility, regulatory clarity on the horizon, and institutional interest—could be setting the stage for a major breakout.

#XRP #CryptoNews #Ripple