Price Prediction
$XRP's Burn Rate Surges
Recent on-chain data from XRPScan shows that the XRP burn activity has sharply increased over the last day. Over the last 24 hours, the amount of XRP burned through transaction fees has surged from levels seen during the week, marking the highest daily burn seen in over two weeks. The data further shows that the amount of XRP permanently removed from circulation stands well above the 30-day average, signaling increased participation in network activity and a bullish outlook for the asset.