🔥 XRP Price Wavers as Burn Rate Plummets 26% 🔥
📉 XRP experienced a 2.88% drop in the past 24 hours, slipping from a high of $3.1028 to $2.94, as token burn activity saw a sharp 25.96% decline — falling from 2,442 to 1,808 XRP, per XRPSCAN data.
🔍 Why This Matters:
XRP’s deflationary model relies on token burns through transaction fees. A steep drop in burn rate suggests a slowdown in network activity, reducing pressure on token supply and hinting at decreased demand.
💸 Additional Insights:
The XRP Ledger recorded just 727,329 payment transactions — the lowest in two months — pointing to waning user activity across the platform.
📊 Market Perspective:
While volatility lingers, bulls are watching for a possible rebound toward $3.55–$3.65 — but weaker on-chain signals are keeping caution levels high.
📌 Summary Highlights:
🚨 Burn rate down 26%
📉 Price retreats 2.88% from local high
📉 Transaction volume at 2-month low
📈 Resistance target: $3.55–$3.65
XRP holders, stay sharp — the network is signaling a slowdown. ⚠️
