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XRP burn rate jumps 75%, signaling stronger network activity and bullish price outlook

Technical Signals
24 Oct 2026
UToday
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Bullish
XRP burn rate jumps 75%, signaling stronger network activity and bullish price outlook

XRP's network activity has surged, with over 1,114 XRP burned in 24 hours, marking a 27.5% increase from the previous day and the highest daily burn in over two weeks. This rise in burn rate reflects increased transaction activity on the XRP Ledger, which reduces XRP supply and may boost demand. The burn mechanism gradually lowers total XRP circulation, and the recent spike suggests growing participation and a positive price outlook for XRP.

XRP is trading at Rp23.112 on Pluang as of Oct 24, 2026 18:01 WIB, showing a 2.95% decline in the last day. Despite the recent surge in XRP burn rate noted in the news, the Pluang order activity remains predominantly sell-side at 77%. The typical hold time for XRP on Pluang is 72 days, indicating moderate investor patience amid current market conditions.

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