🚨 The XRP ledger is about to reach a significant milestone — 14 million XRP burned permanently! 🪙🔥
Here's what it means and why it matters:
🔍 What is XRP burning?
Every time an XRP transaction occurs, a small amount (is burned) as a fee — permanently removing it from circulation. 💨 This helps to:
- Prevent spam on the network
- Gradually reducing the total supply over time
- Increase value over the long term due to scarcity 📉➡️📈
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📊 Why it matters now
- The burn rate has increased, reflecting heightened activity on the network 🚀
- More usage = more burning = more deflationary pressure 💥
- The total supply is 100 billion XRP — but every burn contributes to reducing that 🔥
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🔮 Predictions and outlook
If activity continues to rise:
- 🚀 We may see XRP heading back towards 2.60–2.70
- 📈 Positive signals if demand exceeds the impact of burning
But caution: The price effect from burning is slow and steady — not immediate.
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👀 Eyes on: If network upgrades or legal clarity enhance usage, XRP burns could accelerate further.
💬 Are you holding coins or buying the dip? Let's see who is ready for takeoff! 🚀💸