XRP's built-in token burning system is accelerating as transaction volume on the XRP Ledger rises, potentially shrinking supply and supporting price gains. Analysts suggest this deflationary effect, combined with expanding DeFi applications and institutional adoption, could push XRP's price toward $10. Currently, about 825 XRP are burned daily, a small fraction of the total supply, but this could increase significantly with higher network usage. However, Ripple's monthly escrow releases add tokens back into circulation, which could offset some supply reduction if not met with strong buying demand.
XRP is trading at Rp23.230 on Pluang as of Oct 17, 2026 00:22 WIB, down 2.99% over the past day. This price sits well below its circulating supply of 63.1 billion XRP out of a total 100 billion, indicating a substantial amount still held back. Despite the daily token burn of about 825 XRP mentioned in the article, the market shows a stronger buy interest with 62% buy orders versus 38% sell orders on Pluang, and typical holders keep XRP for around 72 days, suggesting moderate investor confidence amid supply fluctuations.
XRP's price fell below $1.30 following over $184 million in Binance perpetual swap taker buys across several hours, indicating high speculative trading rather than long-term investment. One Binance hourly period saw taker-buy volume exceed $73 millio...
Coinbase Markets released a snapshot on October 15 showing the net-long exposure of XRP derivatives traders, grouped by their average entry price. This data highlights how traders are positioned in derivatives rather than overall XRP holdings, clarif...
XRP is trading sideways between $1.28 and $1.57 after breaking a multi-month trendline, with strong net-long positions clustered around $1.40. Despite a 2% price gain, daily trading volume dropped 34%, and ETF flows showed mixed activity, with some f...
XRP recently fell below the $1.40 price level, causing significant losses for leveraged traders who had long positions clustered around that price. Despite this dip, XRP managed to recover to $1.35, with derivatives data showing a shift as short-sell...
WLD leads the domestic crypto interest index in Korea with 85.6 points and accounts for 6.67% of local trading. XRP holds the largest domestic trading share among top assets at 13.98%, followed by NEAR and ONDO. STX shows the highest domestic trading...
