XRP burn rate and payment volume drop to two-month low
XRP burn rate has fallen by 25.96% over 24 hours to 1,808 tokens, marking a significant drop in the deflationary metric. Simultaneously, payment volume declined to a two-month low of 727,329 transactions, reflecting reduced on-chain activity and bearish investor sentiment. XRP’s price retraced from an intraday high of $3.1028 to a low of $2.9654 and is trading around $2.97. Despite the downturn, analysts note that maintaining levels above $3.10 could trigger a rebound toward the $3.55–$3.65 zone. With an XRP ETF approval still pending, long-term prospects may improve, but the recent slump in payment volume and XRP burn rate underscores near-term market uncertainty.
Bearish
The sharp 25.96% decline in XRP burn rate and fall to a two-month low in payment volume signal weakening network usage and bearish investor sentiment. Historically, reduced on-chain activity—such as Ethereum’s post-EIP-1559 burn slowdown—has coincided with price corrections and selling pressure. With burn rate down to 1,808 XRP and transactions at 727,329, near-term deflationary pressure eases, potentially amplifying downward momentum if metrics remain subdued. Although the pending SEC approval of an XRP ETF could serve as a bullish catalyst, the immediate imbalance between declining on-chain metrics and price trading below $3.10 favors continued weakness. Thus, short-term price action is likely bearish, while long-term outlook depends on ETF-driven demand restoring burn activity and payment volume.