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The new XRP burning teacher was achieved, can the price last?

Ledger XRP hit just a large shrinkage teacher, with a total XRP with 14 million. The newly accessible and newly accessible XRP landmark is the highest ever, indicating the ongoing activity on the chain and steady growth in the use of the network.

Unlike other encrypted currencies that depend on half or Caps, XRP uses a combined burning system as a small amount of XRP is destroyed with each treatment. This design aims to reduce the random mail on the network, and over time, it slowly reduces the total display.

According to the latest number of XRPSCANA total of 14,003,265, with a highlight of the continuous use within the XRPL ecosystem.

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While the price has not yet responded, such landmarks contribute to the list of XRP as the origin of maturity with an active activity on the chain.

According to Santiment, XRP LEDGER has shown significant growth, both in terms of use and important stakeholders, with a number of reactive XRP addresses with an average of more than 295,000 per day, compared to an average daily daily range from 35,000 to 40,000 over the past three months. For the first time in the history of assets for nearly 12 years, there are now more than 2,700 whale governor and sharks with at least a million XRP.

Can XRP keep up?

According to Coinmarketcap data, XRP was traded at $ 2.13 to this writing. With XRP trading above 2 dollars, it is higher than three times its basic price before the rapid increase in November 2024, and investors who have accumulated earlier sit on more than 300 % returns.

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However, an evolution occurred: According to Glassnode, the first owners began to make profits at a rate of $ 68.8 million a day, indicating a wave of distribution.

If this trend continues, XRP may reach $ 2, an important support level to see it. If the cracks are $ 2, XRP may decrease to less than $ 1.61.

On the contrary, if purchasing pressure revenue on the market and the price appears from the current level, which penetrates SMA for 50 days at $ 2.27, this indicates that XRP may remain within the range for some time. A lounge higher than $ 2.65 may start in the xrp fresh upward trend.

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