- XRP burns surge, pushing price past $3—what’s next for XRP?
- RLUSD launch on XRP Ledger fuels growing excitement around XRP.
- XRP’s deflationary burn mechanism strengthens scarcity, boosting long-term potential.
XRP has broken through the $3 mark, driven by a historic surge in its burn rate. According to data from XRP Scan, the XRP Ledger has permanently destroyed 14,083,391 XRP tokens, valued at approximately $41.8 million at the current price of $2.97.
This deflationary process removes a small amount of XRP with each transaction, permanently eliminating tokens from circulation. Unlike other cryptocurrencies that redistribute fees, the burn process of XRP assists in decreasing its total supply, which can, in the future, drive up its value.
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Santiment, a blockchain data provider, noted that the latest price spike is accompanied by elevated activity on the network, especially when it comes to new wallet creation. This indicates that the expansion is influencing the rallies in retail interest.
Ripple’s recent launch of RLUSD on the XRP Ledger has sparked a renewed contribution to the ongoing debate about XRP’s long-term potential. The development emphasises that Ripple continues to work on the XRP ecosystem and promotion.
XRP’s Deflationary Burn: A Strategy for Scarcity
The XRP network burns an average of 3,000 to 4,000 XRP per day, making the deflationary process a fundamental aspect of its design. As the supply keeps dwindling, a significant portion of the XRP community perceives this as a strategic step to scarcity.
The burn mechanism of XRP is advantageous in an inflationary pressure-fueled market. This steady decrease in supply may increase its rarity, which may boost its long-term worth.
Looking forward: Up to $4
XRP has surged past a significant resistance level, raising expectations of a potential rally toward the $4 mark. The move follows the completion of a textbook double bottom pattern that has been forming on the 3-day chart for several months.
According to Steph Is Crypto, a respected analyst in the XRP community, the structure first began developing in April 2025. The asset even scraped the bottom at around $1.65 in mid-April but rebounded briefly. It closed again at $1.9 in early June, forming the second bottom that formed the reversal setup.
This price-driven growth by XRP has advanced 27 percent $2.97 in price over the last seven days, and support and resistance levels are carefully monitored. The resistance at $2.93 is significant, and the resistance at $2.85 is also significant.
With the ongoing decline in supply and rising demand, the price of XRP can definitely maintain its upward trend towards the mark of $4 in the near future.
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