๐จ XRP Burn Alert: 14 Million Tokens Destroyed as Deflation Takes Hold
A major milestone has been reached for XRP holders: nearly 14 million $XRP (approximately 13.99 million) have been permanently burned through the tokenโs built-in deflationary mechanism. Unlike sudden one-time burns, this is a continuous process, fueled by transaction micro-fees.
๐ On peak activity days, the network burns around 4,600 $XRP daily, which translates to roughly $10,000 USD โ reinforcing XRPโs deflationary nature.
๐ On-Chain Activity Declines Sharply
Despite the positive deflationary pressure, XRPโs network activity is showing signs of weakness:
Active wallet addresses fell dramatically from 609,000 to 100,000, an 84% decline within just a few days.
Price action remains under a critical resistance at $2.24, while support is holding between $2.07 and $1.93 โ a decisive zone that could determine the next major move.
๐ Short-Term Market Outlook
Analyst predictions for XRPโs near-term price movement include:
Binance: Forecasts a 5% rise over the next 30 days, with a target of ~$2.18
CoinCodex: Projects a July average of $2.24, fluctuating within a $2.13โ$2.45 range
FXEmpire: Issues a cautious note, suggesting a potential retest of $1.93
๐ Long-Term Price Forecasts (Up to 2030)
Looking beyond current volatility, long-term forecasts for XRP remain bullish:
2026 Average: $4.09
2028 Average: $8.46
2030 Average: $17.68
Ultra-bullish outlooks see XRP reaching between $35 and $64 by 2030
๐ What Binance Traders Should Know
๐ฅ 14M XRP burned = increasing deflationary pressure
โ ๏ธ Sharp drop in activity = risk or golden buying opportunity?
๐ 2030 projections = long-term gains for patient investors
๐ Want real-time charts, live burn data, and market insights?
Follow for updates โ and stay ahead of the curve in the evolving XRP landscape.
$XRP | Price: $2.1686 (+0.37%)
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