The post XRP May Struggle to Reclaim $3 as On-Chain Burns and Payment Volume Fall Despite 3% Price Gain appeared on BitcoinEthereumNews.com. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process—not noise. 👉 Sign up → XRP’s burn rate has fallen sharply, with only 449 XRP burned in the last 24 hours, signaling waning on‑chain activity; this reduced burn coincides with lower payment volume and a modest 3.3% price uptick, limiting XRP’s ability to reclaim the $3 level. XRP burns hit 449 in 24 hours — lowest this month XRP payment volume dropped to 567,227,061, down from over 670 million the prior day XRP price up 3.32% in 24h, trading near $2.61 (CoinMarketCap) XRP’s burn rate shows a 19.26% decline to 449 burns in 24h; monitor on‑chain activity and price before considering trades — COINOTAG analysis. By COINOTAG | Published: 2025-10-13 | Updated: 2025-10-13 COINOTAG recommends • Professional traders group 💎 Join a professional trading community Work with senior traders, research‑backed setups, and risk‑first frameworks. 👉 Join the group → COINOTAG recommends • Professional traders group 📊 Transparent performance, real process Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. 👉 Get access → COINOTAG recommends • Professional traders group 🧭 Research → Plan → Execute… The post XRP May Struggle to Reclaim $3 as On-Chain Burns and Payment Volume Fall Despite 3% Price Gain appeared on BitcoinEthereumNews.com. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process—not noise. 👉 Sign up → XRP’s burn rate has fallen sharply, with only 449 XRP burned in the last 24 hours, signaling waning on‑chain activity; this reduced burn coincides with lower payment volume and a modest 3.3% price uptick, limiting XRP’s ability to reclaim the $3 level. XRP burns hit 449 in 24 hours — lowest this month XRP payment volume dropped to 567,227,061, down from over 670 million the prior day XRP price up 3.32% in 24h, trading near $2.61 (CoinMarketCap) XRP’s burn rate shows a 19.26% decline to 449 burns in 24h; monitor on‑chain activity and price before considering trades — COINOTAG analysis. By COINOTAG | Published: 2025-10-13 | Updated: 2025-10-13 COINOTAG recommends • Professional traders group 💎 Join a professional trading community Work with senior traders, research‑backed setups, and risk‑first frameworks. 👉 Join the group → COINOTAG recommends • Professional traders group 📊 Transparent performance, real process Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. 👉 Get access → COINOTAG recommends • Professional traders group 🧭 Research → Plan → Execute…

XRP May Struggle to Reclaim $3 as On-Chain Burns and Payment Volume Fall Despite 3% Price Gain

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  • XRP burns hit 449 in 24 hours — lowest this month

  • XRP payment volume dropped to 567,227,061, down from over 670 million the prior day

  • XRP price up 3.32% in 24h, trading near $2.61 (CoinMarketCap)

XRP’s burn rate shows a 19.26% decline to 449 burns in 24h; monitor on‑chain activity and price before considering trades — COINOTAG analysis.

By COINOTAG | Published: 2025-10-13 | Updated: 2025-10-13

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How does XRP’s burn rate impact price momentum?

XRP’s burn rate is a proxy for transactional fee consumption on the XRP Ledger and can reflect network usage and trader engagement. A sustained decline in burns, as recorded by XRPSCAN (449 XRP in 24 hours), often accompanies reduced payment volume and weaker short‑term price momentum.

Why have XRP burns and payment volume dropped so sharply?

Data from XRPSCAN shows burns fell from 556 to 449 XRP in one day, a 19.26% decline, while reported payment volume decreased from over 670 million to 567,227,061 — a meaningful one‑day contraction. Lower fee burns indicate fewer transactions consuming the network’s base fees, which aligns with decreased trader activity and may reflect risk‑off sentiment or stalled catalysts such as the ongoing pause around the XRP ETF timeline. Official market pricing data from CoinMarketCap shows XRP trading at approximately $2.61 with a 24‑hour increase of 3.32%, suggesting price moves are currently more reactive to macro and speculative flows than to on‑chain demand.

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Frequently Asked Questions

How many XRP were burned in the last 24 hours and why does it matter?

According to on‑chain data reported by XRPSCAN, 449 XRP were burned in the last 24 hours. Burn totals matter because they indicate fee consumption and transactional throughput on the ledger; falling burns typically signal reduced on‑chain activity and can precede softer short‑term price performance.

Is XRP likely to reach $3 again soon?

With current on‑chain metrics showing reduced burns and payment volume, and XRP trading around $2.61 per CoinMarketCap, reclaiming $3 depends on renewed transaction demand, broader market strength, and clarity on ETF developments; progress typically requires sustained volume and investor confidence.

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Analysis: On‑chain metrics vs. price action

Over the past 24 hours the XRP Ledger recorded a notable decline in both fee burns and payment volume. A burn drop to 449 XRP from 556 equates to a 19.26% decrease — the lowest daily burn level observed this month. Payment volume likewise contracted from above 670 million to roughly 567.2 million, per ledger data. These concurrent moves indicate lower utility activity on‑chain.

Price action presents a mixed signal: XRP rose 3.32% in the same window, trading near $2.61 (CoinMarketCap). Short‑term price upticks can occur amid weaker on‑chain metrics when liquidity, speculative flows, or broader crypto rallies support asset bids. However, sustainable recovery above $3 typically requires both on‑chain engagement and macro momentum.

What this means for traders and holders

Traders should note the divergence between on‑chain activity and price. Reduced burns and payment volume suggest diminished transaction demand, which can limit upside conviction. Risk management remains essential: consider smaller position sizes or tighter stops until burns and payment volumes show consistent recovery. Long‑term holders should monitor official updates around institutional products and continued ledger adoption metrics.

Key Takeaways

  • Burns declined sharply: Daily burns fell to 449 XRP, a 19.26% drop from the prior day.
  • On‑chain activity eased: Payment volume decreased from over 670 million to ~567.2 million, signaling softer network usage.
  • Price is fragile: XRP posted a 3.32% gain to about $2.61 (CoinMarketCap), but lacks on‑chain support to confirm a move back above $3.

Conclusion

Reduced burns and lower payment volume on the XRP Ledger point to cooling on‑chain activity at a time when price shows modest gains; XRP’s burn rate therefore remains a critical short‑term indicator for momentum. Investors should watch XRPSCAN and market pricing (CoinMarketCap) for confirming trends before assuming a sustained recovery above $3. For continuous updates and in‑depth coverage, follow COINOTAG’s analysis and official ledger metrics.

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Sources (plain text): XRPSCAN, CoinMarketCap. No external links provided.

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Source: https://en.coinotag.com/xrp-may-struggle-to-reclaim-3-as-on-chain-burns-and-payment-volume-fall-despite-3-price-gain/

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