The XRP Ledger (XRPL) has officially surpassed a significant deflationary milestone, with over 14 million XRP permanently burned. This record reflects the increasing network activity and indicates the continued maturation of the XRP ecosystem.
The integrated burning mechanism continues to reduce the supply.
Unlike other cryptocurrencies that rely on halving events or fixed supply limits, XRP has an integrated burning mechanism that helps destroy a small amount of XRP with each transaction. This design helps prevent spam and gradually reduces the total supply over time.
According to the latest data from XRPScan, 14,003,265 XRP have been burned to date. This not only marks a new all-time high but also reinforces the increasing utility of the network.
On-chain growth accelerates
Recent data from Santiment shows that activity on the XRP Ledger has surged significantly. The number of daily active addresses has skyrocketed to over 295,000 — a sharp increase compared to the daily average of 35,000 to 40,000 over the past three months. This increase signals a growing demand for the features of the ledger, including fast payments, low fees, and native token support.
In addition, the number of whale and shark wallets holding at least 1 million XRP has now exceeded 2,700, a record high for this nearly 12-year-old asset. This trend reflects the growing interest from high-value investors and long-term holders.
Price remains stable in the context of profit taking.
Despite having a solid foundation, the price of XRP has not yet fully reflected the on-chain momentum. As of the time of the report, XRP is trading at $1.97, according to CoinMarketCap. This marks a significant increase compared to the levels before the price surge in November 2024, providing early investors with substantial profits.
However, data from Glassnode shows a wave of profit realization, with early holders withdrawing at a rate of $68.8 million per day. This selling pressure could put pressure on XRP in the short term. If the support level of $2 cannot hold, one analyst warns that the price could fall to $1.61.
The outlook depends on key technical levels.
On the other hand, if buyers come back and push the price above the 50-day simple moving average (SMA) at $2.27, XRP may continue to trade within the current range. A decisive breakout above $2.65 could confirm new bullish momentum and potentially trigger a new rally.
While the current price action reflects mixed sentiment, the fundamental metrics of XRP—growing network usage, deflationary tokenomics, and increasing whale accumulation—paint a picture of long-term strength. As market dynamics evolve, the question remains: Can the price action catch up with the fundamentals?
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XRP Ledger reaches a new milestone, will the price keep up?
The XRP Ledger (XRPL) has officially surpassed a significant deflationary milestone, with over 14 million XRP permanently burned. This record reflects the increasing network activity and indicates the continued maturation of the XRP ecosystem. The integrated burning mechanism continues to reduce the supply. Unlike other cryptocurrencies that rely on halving events or fixed supply limits, XRP has an integrated burning mechanism that helps destroy a small amount of XRP with each transaction. This design helps prevent spam and gradually reduces the total supply over time. According to the latest data from XRPScan, 14,003,265 XRP have been burned to date. This not only marks a new all-time high but also reinforces the increasing utility of the network. On-chain growth accelerates Recent data from Santiment shows that activity on the XRP Ledger has surged significantly. The number of daily active addresses has skyrocketed to over 295,000 — a sharp increase compared to the daily average of 35,000 to 40,000 over the past three months. This increase signals a growing demand for the features of the ledger, including fast payments, low fees, and native token support. In addition, the number of whale and shark wallets holding at least 1 million XRP has now exceeded 2,700, a record high for this nearly 12-year-old asset. This trend reflects the growing interest from high-value investors and long-term holders. Price remains stable in the context of profit taking. Despite having a solid foundation, the price of XRP has not yet fully reflected the on-chain momentum. As of the time of the report, XRP is trading at $1.97, according to CoinMarketCap. This marks a significant increase compared to the levels before the price surge in November 2024, providing early investors with substantial profits. However, data from Glassnode shows a wave of profit realization, with early holders withdrawing at a rate of $68.8 million per day. This selling pressure could put pressure on XRP in the short term. If the support level of $2 cannot hold, one analyst warns that the price could fall to $1.61. The outlook depends on key technical levels. On the other hand, if buyers come back and push the price above the 50-day simple moving average (SMA) at $2.27, XRP may continue to trade within the current range. A decisive breakout above $2.65 could confirm new bullish momentum and potentially trigger a new rally. While the current price action reflects mixed sentiment, the fundamental metrics of XRP—growing network usage, deflationary tokenomics, and increasing whale accumulation—paint a picture of long-term strength. As market dynamics evolve, the question remains: Can the price action catch up with the fundamentals?