Rewrite Here’s a rewritten version of the article with improved structure, clarity, and readability while keeping all key details:
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🚨 Key Highlights:
– Over 14 million XRP have been permanently removed from circulation, coinciding with increased demand for features on the XRP Ledger (XRPL).
– Despite growing on-chain activity, XRP struggles to maintain critical support at $2.10, dipping to $2.00 and testing a new floor at $1.96.
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XRP Ledger Milestone: 14 Million Tokens Burned
The XRP Ledger (XRPL) has hit a major milestone, logging the permanent burn of more than 14 million XRP tokens to date. This lifetime figure reflects tokens that have been effectively removed from circulation, signifying long-term deflationary pressure on the XRP supply.
According to data from XRPScan, the network processed an impressive 5.1 million transactions in just one 24-hour period—all without network congestion or downtime. Analysts suggest this activity highlights heightened interest in XRPL’s speed, low transaction costs, and native tokenization capabilities.
Surge in Active Users
XRPL is experiencing remarkable growth in user activity. Daily active addresses have skyrocketed to over 290,000—up from an average of just 30,000 to 40,000 just three months ago. This marks a stunning 142% increase in active addresses quarter-over-quarter.
Previous surges in address activity typically preceded gains in XRP’s price. In March, for example, active addresses jumped 620% in a single week—coinciding with bullish price momentum.
Whale Demand on the Rise
Another notable contributor to the XRPL’s current momentum is increased activity from large holders, or “whales”—wallets with at least 1 million XRP. Over 2,700 such wallets are currently tracked, an uptick that previously correlated with a 13% price gain as XRP approached the $2.40 resistance level.
However, this renewed accumulation by whales hasn’t translated yet into sustainable bullish price action in the current cycle.
XRP Price Struggles Below Key Support
XRP is currently trading below its crucial $2.00 support level, having declined:
– 2.2% in the past 24 hours
– 6.8% over the past week
– 13% in 30 days
– 16% in 90 days
– 12% year-to-date
Analysts say XRP is nearing the end of a 200-day consolidation phase, currently trading in a symmetrical triangle between $1.90 and $2.90. This consolidation phase mirrors historical patterns, particularly the 2017 cycle that preceded a massive rally.
Technical Breakout on the Horizon?
Crypto analyst “XRPunkie” believes this triangle pattern may soon break to the upside, potentially driving XRP to $4. Another expert, GalaxyBTC, agrees—drawing parallels to XRP’s behavior from 2014 to 2017 when it broke out of descending trendlines before rallying.
Adding fuel to this technical outlook is commentary from Mikybull Crypto, who suggests XRP is mirroring its 2017 performance on a three-week timeframe. If this pattern fully confirms, XRP could be poised to hit $14 in the mid- to long-term, as reported in earlier coverage.
Short-Term Outlook
In the immediate term, XRP needs to reclaim and maintain support between $1.99 and $2.09 to trigger a breakout to $2.50. Failure to do so could open the door to lower support levels at $1.80—or even $1.60, as warned in a previous analysis.
With whale activity growing and user adoption accelerating, the coming weeks could be critical for XRP’s next major move.
📈 Stay tuned for further technical updates as XRP continues to navigate this crucial consolidation phase.
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Source: Crypto News Flash, XRPScan
Image Credit: GalaxyBTC, Crypto News Flash
Token burn milestones and implications
Token Burn Milestones and Implications
The XRP Ledger (XRPL) has officially surpassed a significant milestone: over 14 million XRP tokens have been permanently burned since the network’s inception. While token burns are not new to crypto ecosystems, this achievement places XRP in a unique position among Layer 1 protocols as it continues to implement deflationary mechanisms without compromising network efficiency. This ongoing burn is a native feature of the XRPL, where a small amount of XRP is destroyed with every transaction to prevent spam and abuse—subtly tightening the token’s supply over time.
Unlike one-time burn events seen in other projects, XRP’s burn mechanism is algorithmic and continuous. With transaction volumes surging—crossing 5.1 million transactions in just 24 hours recently—the burn rate has also accelerated. This is not just a technical footnote; it’s a critical aspect of XRP’s long-term value proposition. As more users interact with the ledger, more XRP is burned, creating a natural deflationary pressure that could influence price dynamics over time.
Here’s why this matters for investors and the broader crypto market:
- Deflationary Pressure: With every transaction permanently reducing the token supply, the remaining XRP becomes incrementally more scarce—a potential driver of long-term value appreciation.
- Network Health Indicator: A rising burn count reflects increased on-chain activity and adoption, signaling robust network usage that is essential for any blockchain’s sustainability.
- Spam Mitigation: The burn mechanism also acts as a deterrent against malicious activity, ensuring that the network remains fast, efficient, and secure even under heavy load.
This milestone also arrives at a time when XRPL is gaining traction as a platform for tokenized assets, NFTs, and decentralized finance (DeFi) applications. Developers and enterprises are increasingly turning to XRPL for its speed, scalability, and negligible fees—further boosting transactional throughput and, by extension, token burns.
In essence, the 14 million XRP burned isn’t just a number—it’s a testament to the XRPL’s growing utility and user base. While XRP’s price action may not yet reflect this underlying strength, the token’s deflationary trajectory and expanding network use case lay a strong foundation for future appreciation. For long-term holders and institutional observers, this metric provides a compelling narrative of evolving scarcity and adoption.
Market reaction and price movement
Market Reaction and Price Movement
Despite the bullish undertones of increased network utility and the deflationary nature of XRP’s tokenomics, the market response has been less than enthusiastic in the short term. XRP has struggled to hold above the psychologically important .10 level, slipping to .00 before testing a new support floor around .96. This downward pressure comes amid a broader crypto market cooldown, but XRP’s unique fundamentals make its price movement particularly intriguing to analysts and investors alike.
Over the past 30 days, XRP has declined by approximately 13%, with a more modest 2.2% dip recorded in just the last 24 hours. The token is now trading in a narrow consolidation range, bounded by support at .90 and resistance near .90. This price pattern, described by multiple analysts as a symmetrical triangle, is historically associated with extended periods of indecision before a breakout—either upward or downward.
Technical indicators offer mixed signals. The Relative Strength Index (RSI) has dipped into neutral territory, suggesting neither overbought nor oversold conditions. Meanwhile, XRP’s 200-day moving average is acting as a dynamic resistance, capping any attempts at a sustained rally. However, some analysts argue that this prolonged consolidation phase could mirror similar patterns seen in previous cycles, particularly the 2017 rally that preceded XRP’s meteoric rise to nearly .80.
From a volume perspective, on-chain data shows a surge in daily transactions and active addresses, but this hasn’t yet translated into bullish momentum on the charts. This divergence between network fundamentals and market performance is raising eyebrows among seasoned traders who believe that price is lagging behind utility—a potential signal of an undervalued asset.
Adding to the complexity is the activity from large holders—commonly referred to as “whales.” Wallets holding over 1 million XRP have been quietly accumulating, a pattern that historically precedes price rallies. According to data from Santiment and Whale Alert, whale wallets increased by 6% over the past month, hinting at long-term confidence even as retail sentiment remains cautious.
So what’s dragging XRP down? Some analysts point to macroeconomic uncertainties and regulatory ambiguity surrounding Ripple Labs’ ongoing legal entanglements with the SEC. Others cite the lack of a major catalyst—such as a new partnership or protocol upgrade—as the reason why XRP is underperforming relative to its peers.
Still, the technical setup remains promising for those with a longer investment horizon. If XRP can reclaim and hold above the .09 pivot zone, it could unlock a path toward .50 and potentially challenge the upper boundary of its current triangle formation. Failure to hold .96, however, could see the token revisiting lower supports at .80 or even .60, where strong historical buying interest has previously emerged.
In summary, while XRP’s price is currently caught in a tug-of-war between bearish sentiment and bullish fundamentals, the technical landscape suggests a breakout is imminent. The question is no longer if, but when—and in which direction.
Investor sentiment and community response
Investor Sentiment and Community Response
Investor sentiment around XRP is currently walking a tightrope between cautious optimism and growing frustration. While long-term holders and ecosystem loyalists remain unfazed by the recent price dip, short-term traders are expressing concern over the token’s inability to capitalize on strong on-chain fundamentals. The dichotomy has sparked vigorous debate across social media platforms and crypto forums, where the community is actively dissecting whether XRP is undervalued or simply underperforming.
On platforms like X (formerly Twitter), Reddit’s r/Ripple, and Discord groups, the tone ranges from bullish anticipation to skeptical wait-and-see attitudes. Many XRP enthusiasts are pointing to the 14 million token burn milestone as a sign of the network’s maturity and resilience. They argue that XRP’s unique burn mechanism—combined with rising transaction volumes and whale accumulation—paints a fundamentally strong picture that the market has yet to price in.
However, not all are convinced. A vocal subset of the community has voiced concerns over the lack of major announcements from Ripple Labs, especially in terms of enterprise adoption or high-profile partnerships. For some, the ongoing SEC lawsuit—despite being in its final stages—remains a cloud of uncertainty that continues to weigh on sentiment. This legal overhang has prompted a “wait for clarity” stance among certain institutional investors and cautious retail participants.
That said, community developers and XRPL builders remain active and enthusiastic. The launch of new decentralized apps (dApps), NFT marketplaces, and tokenized assets on the XRPL has galvanized a core group of believers who see XRP as more than just a speculative asset. Their view? XRP is evolving into a multi-functional utility token powering a next-gen financial ecosystem.
- Community developers are launching tools and platforms that leverage XRPL’s native features like escrow, multi-signing, and decentralized exchange (DEX) support.
- Retail investors are increasingly using self-custody wallets and staking platforms to hold XRP long-term, signaling confidence in future price appreciation.
- Sentiment analysis tools from platforms like LunarCrush show a steady uptick in positive mentions and engagement, especially after the 14 million burn milestone was publicized.
Adding to the community’s morale is the increasing attention from crypto influencers and analysts who are highlighting XRP’s potential to break out of its current price range. Sentiment-driven metrics like the Fear & Greed Index for XRP-specific assets have shifted slightly toward “Neutral” from “Fear,” indicating a stabilizing outlook among investors.
Interestingly, the XRP Army—one of the most vocal and organized communities in crypto—continues to drum up support for the token’s long-term prospects. They’ve launched educational campaigns, hosted Twitter Spaces, and even organized meetups to discuss XRPL’s roadmap and the implications of the ongoing token burn. This grassroots energy is helping to maintain momentum and visibility for XRP, even as price action lags.
Ultimately, the community’s response reflects a broader narrative in crypto investing: fundamentals may take time to influence price, but strong community conviction can sustain a project through volatility. With institutional eyes still watching and retail engagement holding steady, XRP’s investor base appears to be bracing for what many hope will be a breakout moment—both on the charts and in real-world adoption.
Future outlook for XRP and Ripple
Future Outlook for XRP and Ripple
Looking ahead, XRP’s trajectory hinges on a confluence of technical, regulatory, and adoption-driven catalysts. Despite recent price turbulence, many analysts and investors remain bullish on XRP’s long-term potential—particularly as Ripple continues to expand its global footprint and XRPL innovation accelerates. The ongoing evolution of RippleNet and the increasing relevance of on-chain utility across the XRP Ledger are laying the groundwork for a potentially transformative period in XRP’s market story.
From a technical standpoint, XRP is nearing a pivotal moment. The symmetrical triangle pattern observed on long-term charts is approaching its apex, and historical precedent suggests a breakout could be imminent. If bullish momentum returns and XRP manages to reclaim the .10–.50 zone, technical analysts anticipate a swift move toward .00 and beyond. In more optimistic scenarios, some chartists have projected mid-term targets of .00, with longer-term bullish projections as high as – based on prior cycle behavior and Fibonacci extensions.
Ripple’s enterprise strategy also plays a significant role in shaping XRP’s future. The company continues to build out its RippleNet services, which use XRP as a bridge currency for cross-border payments. With partnerships in over 40 countries and increasing traction in regions like Latin America, the Middle East, and Southeast Asia, Ripple is positioning itself as a key infrastructure player in the emerging Web3 and digital finance landscape. The integration of ISO 20022 standards and the development of CBDC platforms further enhance Ripple’s appeal to central banks and financial institutions.
Regulatory clarity remains a critical variable. The outcome of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) could serve as a watershed moment—not just for XRP, but for the broader crypto industry. A favorable resolution could unlock access to U.S. institutional markets, restore exchange listings, and provide a confidence boost for investors still on the sidelines. Conversely, extended legal limbo may continue to suppress XRP’s full potential in regulated markets.
Meanwhile, real-world use cases for the XRP Ledger are expanding. Developers are actively building decentralized finance (DeFi) protocols, NFT marketplaces, and tokenized asset platforms on XRPL. The upcoming integration of automated market makers (AMMs) and sidechains opens the door for more scalable and interoperable applications—features that could elevate XRP beyond a simple remittance token into a comprehensive digital asset ecosystem.
- Ripple’s CBDC partnerships with countries like Palau and Bhutan show a growing interest in leveraging XRPL for sovereign digital currencies.
- Tokenization of real-world assets (RWAs) on XRPL is gaining momentum, with pilots underway for real estate, carbon credits, and supply chain tracking.
- XRPL’s DeFi expansion is set to attract new liquidity and developer talent, especially as AMM and bridge functionalities mature.
Investor sentiment may be mixed in the short term, but the long-term fundamentals are aligning for a potential breakout. With a deflationary supply model, increasing whale accumulation, and a growing developer ecosystem, XRP is well-positioned to capitalize on the next wave of crypto adoption. Should macroeconomic conditions stabilize and regulatory frameworks become clearer, XRP could emerge as one of the more resilient and versatile assets in the digital economy.
As the XRP Ledger continues to evolve, and Ripple strengthens its global partnerships, the narrative around XRP is shifting—from a remittance-focused token to a foundational layer for decentralized finance and digital asset interoperability. For investors with a long-term horizon and a tolerance for volatility, XRP remains one of the most intriguing plays in the crypto space.