XRP Burn Rate Collapses 60 Percent
$XRP just flashed a massive warning sign. Network activity has crashed, with the daily fee burn rate plummeting nearly 60% in 24 hours. This metric, while not a direct price predictor, confirms institutional and retail transaction demand is drying up fast. Historically, a slowdown of this magnitude often signals a deeper correction phase, especially as $BTC struggles. Despite relentless optimism regarding ETF inflows and community hopes for a $3 reclaim, the on-chain data suggests momentum is cooling significantly. Prepare for potential volatility.
This is not financial advice.
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XRPUSDT
Perp
2.0404
+0.61%
BTCUSDT
Perp
89,413.6
+0.25%
