XRP Ledger has reached a significant milestone by burning more than 14 million XRP. This fact indicates the growing usage of the network and active activity on the platform.
Milestone Achievement at 14 Million XRP
According to recent data, XRP Ledger has achieved a new historical record by burning 14,003,265 XRP. This process occurs due to a built-in burning system, where a small amount of XRP is destroyed with each transaction, helping to reduce spam in the network.
Increased Activity on XRP Ledger
In recent months, activity on the XRP Ledger has significantly increased. As the number of interacting XRP addresses has grown, the average number of such addresses has reached over 295,000 per day, while previously this figure fluctuated between 35,000 and 40,000. Currently, over 2,700 cryptocurrency wallets hold at least 1 million XRP.
Price Forecast for XRP
As of the time of writing, XRP was trading at $2.13, which is more than three times the base price prior to the increase in November 2024. However, if holders begin to realize profits at a rate of $68.8 million per day, this could put pressure on the price. It is important to monitor the support level at $2 and the breakout above $2.65 to determine future price dynamics.
The achievement of the 14 million XRP burning milestone confirms the active use of the XRP Ledger network and serves as an important indicator for the future price movements of XRP.
