XRP’s network activity has sharply increased, burning over 4,600 XRP in one day. This rate is double the average seen earlier in April, though the overall market impact remains moderate.
The current price of XRP is around 2.08 USD, just below a descending resistance line. It remains stuck between the price ranges of 1.95 USD and 2.24 USD, without committing to a new trend.
XRP is still within a larger descending channel, limiting its price movement since its peak at approximately 3.40 USD. While a recent increase in burned tokens occurred, traders should focus more on price and market dynamics rather than short-term burns.
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