- XRP surges 15% in 48 hours as burn rate skyrockets.
- Rising XRP burn rate signals soaring demand and price potential.
- XRP’s price comeback fueled by massive surge in network activity.
XRP has seen an explosive comeback in recent days, skyrocketing by over 15% in just 48 hours. This remarkable price surge comes at a time when the overall cryptocurrency market is enjoying strong growth, with XRP benefiting significantly. Alongside this surge, XRP’s network activity has spiked, with a noticeable increase in its burn rate.
According to data from CryptoQuant, the amount of XRP burned as transaction fees has surged by more than 67% in a matter of days. On February 6, 2026, the burn rate reached an impressive 939 XRP, a sharp increase from the 523 XRP burned just three days earlier. This dramatic rise in the burn rate signals a significant uptick in demand, as more XRP is being utilized for transaction fees.
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Currently trading at $1.40, XRP has seen a 3.43% rise in the past 24 hours, reflecting ongoing investor confidence despite its earlier price slump. However, despite the recent surge, XRP is still far from its previous highs. Nonetheless, market watchers remain optimistic, expecting further price increases due to the rising network activity and strong demand for the asset.
Surge in XRP Burn Rate Reflects Growing Demand
The rapid increase in XRP’s burn rate is a clear indication of a growing appetite for the cryptocurrency. As XRP continues to be burned through transaction fees, the total circulating supply decreases, potentially contributing to higher prices in the future. The strong correlation between XRP’s rising price and the surge in its burn rate suggests a positive outlook for the cryptocurrency.
As the price of XRP continues to climb, traders and investors alike are becoming increasingly bullish on its prospects. With the network activity and burn rate showing clear signs of demand, XRP could be on the cusp of further gains in the coming days. The ongoing trend of rising prices and network activity sets the stage for continued upward momentum for XRP in the near future.
