Amid the positive crypto market trend, the XRP network activity appears to be moving on a flat rate as it has barely shown any noticeable increase over the last day. On Tuesday Jan 13, the amount of XRP burned as fees has only surged by a mild 3.79% over the last 24 hours according to data provided by XRPScan. The data further shows that a total of 465 XRP has been burned as fees today, a decent increase from the 448 burned in the previous day.
This decent surge in the asset’s burn activity has come as XRP appears to be on track for a major comeback as its price shows a decent daily gain after multiple days of staying in the red. This decent slowdown in the XRP burn activity highlights an overall downtrend in XRP’s on-chain movements, suggesting that the demand for the asset for payments has shown no impressive growth over the last day. Even though XRP’s price is beginning to move on the bullish trail, it is quite difficult to predict XRP’s next price move with this metric as it does not pose any major or immediate impact on the asset’s potential price movement.
Amid a positive crypto market, XRP network activity has remained largely flat, with on-chain burn activity showing only a mild uptick over the last 24 hours. On Tuesday Jan 13, the amount of XRP burned as fees has only surged by a mild 3.79% over the last 24 hours according to data provided by XRPScan. The data further shows that a total of 465 XRP has been burned as fees today, a decent increase from the 448 burned in the previous day.
This modest rise in burn activity comes as XRP appears to be on track for a major comeback, with a decent daily gain after multiple days of staying in the red. The slowdown in burn activity highlights an overall downtrend in XRP’s on-chain movements, suggesting that the demand for the asset for payments has shown no impressive growth over the last day. Even though XRP’s price is beginning to move on the bullish trail, it is quite difficult to predict XRP’s next price move with this metric as it does not pose any major or immediate impact on the asset’s potential price movement.













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