๐ฅ $XRP Burn Milestone Achieved -(14 million XRP)
๐ Date: June 21, 2025
๐จ Key Highlights
๐ Milestone Reached: Over 14 million XRP have now been burned โ a record in XRP Ledger history.
๐ Burn Mechanism: XRP destroys a small portion of each transaction to prevent spam and gradually reduce supply.
๐ User Growth: Daily active addresses surged to 295,000+, up from 35Kโ40K average in the past 3 months.
๐ณ Whale Watch: 2,700+ wallets now hold โฅ 1M XRP โ the most in XRP's 12-year history.
๐ Price Snapshot
Current Price: $2.13
Key Support: $2.00
Major Resistance: $2.27 (50-day SMA), $2.65 (breakout trigger)
๐ Whatโs Next for XRP Price?
๐ข Bullish Case
If price holds $2.00 and breaks the 50-day SMA ($2.27), expect a potential rally.
A confirmed breakout above $2.65 could ignite a new uptrend.
๐ด Bearish Case
Profit-taking pressure is rising (~$68.8M/day per Glassnode).
If $2.00 support fails, XRP could dip to $1.61, especially if volume dries up.
โ Why This Matters
XRP's deflationary milestone fuels long-term bullish sentiment.
Growing whale holdings and active users show network confidence.
But short-term risks from profit-taking remain โ price action will depend on how bulls defend $2.
