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XRP Burn Narratives and Price Action Draw Scrutiny as Token Trades Near $1.90


by Peter Mwangi
for CoinEdition
XRP Burn Narratives and Price Action Draw Scrutiny as Token Trades Near $1.90

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AI Overview

XRP's total supply has decreased by only 2,587,667 XRP over 800 days, reflecting minimal burning. The market shows subdued activity with declining volumes and bearish signals from RSI and MACD. XRP is currently trading near $1.90 amid cautious sentiment.

Bearish
  • XRP burns remain minimal compared to its near 100B total supply.
  • Market activity is subdued with declining volume and cautious sentiment.
  • RSI weakness and a negative MACD highlight ongoing bearish pressure and weak upside momentum.

Recent discussions around XRP have focused on supply burns, long-term scarcity claims, and near-term technical signals despite the token’s decline over the past 24 hours. Data circulated by crypto commentators shows XRP’s total supply has decreased marginally over time due to protocol-level burns. 

XRP’s total supply declined from 99,988,313, 728 to 99,985,726,061 over more than 800 days, representing 2,587,667 XRP burned or about 3,210 XRP per day. 

Read The Full Article XRP Burn Narratives and Price Action Draw Scrutiny as Token Trades Near $1.90 On Coin Edition.

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XRP Price Prediction: Extreme Fear Grips Market As Descending Wedge Takes Shape

XRP Price Prediction: Extreme Fear Grips Market As Descending Wedge Takes Shape

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XRP Burn Narratives and Price Action Draw Scrutiny as Token Trades Near $1.90


by Peter Mwangi
for CoinEdition
XRP Burn Narratives and Price Action Draw Scrutiny as Token Trades Near $1.90

Share:

AI Overview

XRP's total supply has decreased by only 2,587,667 XRP over 800 days, reflecting minimal burning. The market shows subdued activity with declining volumes and bearish signals from RSI and MACD. XRP is currently trading near $1.90 amid cautious sentiment.

Bearish
  • XRP burns remain minimal compared to its near 100B total supply.
  • Market activity is subdued with declining volume and cautious sentiment.
  • RSI weakness and a negative MACD highlight ongoing bearish pressure and weak upside momentum.

Recent discussions around XRP have focused on supply burns, long-term scarcity claims, and near-term technical signals despite the token’s decline over the past 24 hours. Data circulated by crypto commentators shows XRP’s total supply has decreased marginally over time due to protocol-level burns. 

XRP’s total supply declined from 99,988,313, 728 to 99,985,726,061 over more than 800 days, representing 2,587,667 XRP burned or about 3,210 XRP per day. 

Read The Full Article XRP Burn Narratives and Price Action Draw Scrutiny as Token Trades Near $1.90 On Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 1.92

+0.16%

Share:

In This News

Coins

$ 1.92

+0.16%

Share:

Read More

XRP Price Prediction: Extreme Fear Grips Market As Descending Wedge Takes Shape

XRP Price Prediction: Extreme Fear Grips Market As Descending Wedge Takes Shape

XRP price today trades near $1.9097 as sentiment plunges into extreme fear territory ...
XRP Price Prediction: Can Bulls Defend $1.85 Before $1.77?

XRP Price Prediction: Can Bulls Defend $1.85 Before $1.77?

XRP price action continues to draw attention as sellers maintain control on the 4H ch...