XRP burn rate jumps 84.3% as network activity declines
- —771.7 XRP burned in fees, up 84.3% from the previous period
- —Successful transactions fell 6.5% to 1.6 million
- —Payments dropped 7% to 759,200, total transactions fell 5.6%
- —XRP at $1.38, resistance at $1.40–1.42, support at $1.34–1.35
Why it matters: Rising burns amid falling activity point to a shift in XRPL's on-chain load profile, but the volume is too small to affect supply.
Source: U.Today