The on-chain fee burn amount can indicate the real network demand earlier. On the XRP Ledger, 771.7 XRP are burned in a single cycle, 84.3% more than the previous cycle. Transfer activity is up, and demand hasn’t retreated.
XRP is currently trading at 1.39, down 2.8% over the past 24 hours. While the burn amount has risen, the price hasn’t strengthened accordingly. This combination usually suggests that the secondary market is selling off, and on-chain usage hasn’t declined. Compared with the current price, the strategy is to watch two things: whether the burn amount can continue to expand and break above 1,000, which would confirm demand; and whether the burn rate falls back to the prior benchmark, which would indicate that the activity was just a pulse. We’re still observing the signals—prices are under pressure and on-chain heat hasn’t cooled. Once the burn data and price move in the same direction, then we can talk about the trend.
#XRP
XRP is currently trading at 1.39, down 2.8% over the past 24 hours. While the burn amount has risen, the price hasn’t strengthened accordingly. This combination usually suggests that the secondary market is selling off, and on-chain usage hasn’t declined. Compared with the current price, the strategy is to watch two things: whether the burn amount can continue to expand and break above 1,000, which would confirm demand; and whether the burn rate falls back to the prior benchmark, which would indicate that the activity was just a pulse. We’re still observing the signals—prices are under pressure and on-chain heat hasn’t cooled. Once the burn data and price move in the same direction, then we can talk about the trend.
#XRP