The XRP burn rate has significantly increased, according to data from the XRP Ledger. A total of 771.7 XRP was destroyed as fees – 84.3% more compared to the same period. Each transaction in the network slightly reduces the amount of XRP in circulation, as fees are permanently destroyed rather than paid to validators. However, the 84% increase should not be perceived as a significant supply shock: the absolute amount remains small compared to the vast volume of XRP issuance.
More telling is that the increase in burning coincided with a decline in key activity metrics. Successful transactions decreased by 6.5% to 1.6 million. The total number of transactions fell by 5.6% to 2.2 million, while the number of payments dropped by 7% to approximately 759,200. This discrepancy makes the increase in burning significant: despite the decline in activity, the network is destroying significantly more XRP in fees. This means that the cost of fees per unit of activity has increased, rather than simply reflecting a rise in transactions across the network.
At the same time, the price of XRP is approaching an important technical junction. It is currently trading around $1.38 – just below the descending resistance line formed from the August peak. The psychological level of $1.40 and this line converge, creating a clear short-term barrier. A confirmed breakout above $1.40–$1.42 would break the sequence of falling local highs and open the way to $1.45, and then to $1.50–$1.52. Support remains concentrated between $1.34 and $1.35, where the long-term moving average is currently located. The next important defensive zone is $1.28–$1.30.
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