In a significant development for $XRP holders, nearly 14 million XRP (~13.99M) have been permanently burned via the tokenโs built-in deflationary mechanism โ and the burn continues. Unlike dramatic one-time events, this process is a steady stream driven by transaction micro-fees. On XRPโs busiest days, burns average around 4,600 XRP/day, equating to approximately $10,000 USD.
๐ Network Activity Plunges
Despite the bullish tokenomics, XRPโs on-chain health has seen a sharp decline:
Active addresses plummeted from 609,000 to just 100,000, marking an 84% drop within days.
Price action remains below key resistance at $2.24, while support levels sit between $2.07 and $1.93 โ a pivotal zone for potential bounce or breakdown.
๐ Short-Term Market Outlook
Hereโs what analysts are saying about XRPโs near-term prospects:
Binance: Predicts a 5% gain over 30 days, targeting ~$2.18
CoinCodex: Sees July averaging ~$2.24, within a range of $2.13โ$2.45
FXEmpire: Maintains a cautious tone, suggesting XRP could retest $1.93
๐ Long-Term Price Forecasts (to 2030)
Despite short-term volatility, projections for XRPโs future remain optimistic:
2026 average: $4.09
2028 average: $8.46
2030 average: $17.68
Some bullish analysts predict aggressive growth scenarios with $XRP reaching $35โ$64 by 2030.
๐ Key Takeaways for Binance Users
๐ฅ 14 million XRP burned = steady deflationary pressure
๐ On-chain activity slump = warning sign or ideal re-entry point?
๐ 2030 vision = long-term holders could see massive upside
๐ Want in-depth chart analysis, live burn stats, and trading zone updates?
Like, follow, and stay tuned โ letโs navigate this market together.
#XRP #CryptoNews #DeflationaryAssets #BinanceTraders
Go and check market dynamic and trade now