XRP Sees Decline in Payment Activity and Burn Rate: What Could This Mean for Future Trends?

Key Points

1. XRP’s burn rate has decreased by 25.96% in the last day, with transaction fees dropping from 2,442 XRP to 1,808 XRP.

2. XRP payment volume has fallen to a two-month low of 727,329 transactions.

3. XRP's price retraced to $2.97 after reaching an intraday high of $3.1028, declining by 2.78% over the last day.

4. Analysts predict a potential price recovery if XRP maintains momentum above $3.10, possibly breaking out above the $3.55–$3.65 zone.

5. The decline in burn activity and payment volume coincides with broader market uncertainty, but the potential XRP ETF launch remains a catalyst for future recovery.