*XRP Burn Nears 14 Million Milestone!* ๐ฅ
๐จ The XRP Ledger is about to hit a major milestone โ *14 million XRP* permanently burned! ๐ช๐ฅ
Hereโs what that means & why it matters:
๐ Whatโs XRP Burn?
Every time an XRP transaction happens, a small amount is destroyed (burned) as a fee โ permanently removing it from circulation. ๐จ This helps:
- Prevent spam on the network
- Slowly reduce total supply over time
- Potentially increase long-term value due to scarcity ๐โก๏ธ๐
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๐ Why It Matters Now
- The *burn rate has picked up*, reflecting increased network activity ๐
- More usage = more burn = more deflationary pressure ๐ฅ
- Total supply is 100B XRP โ but every burn chips away at that ๐ฅ
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๐ฎ Prediction & Outlook
If activity continues rising:
- ๐ We could see XRP trend back toward *2.60โ2.70*
- ๐ Bullish signs if demand outpaces the burn effect
But caution: price impact from burning is slow and steady โ not immediate.
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๐ Eyes on: if network upgrades or legal clarity boost usage, XRP burns could accelerate further.
๐ฌ HODLing or buying the dip? Letโs see whoโs ready for liftoff! ๐
