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.
🚨
XRPUSDT
Prep
1.8587
-3.42%
BTCUSDT
Prep
86,134.1
-1.82%