XRP Surpasses $3 With Historic Burn Rate: Will It Reach $4 Soon?

XRP has surpassed the $3 mark, thanks to an unprecedented surge in the coin burn rate. According to data from XRP Scan, the XRP Ledger has permanently destroyed 14,083,391 XRP tokens, worth approximately $41.8 million at the current price of $2.97. This deflationary process removes a small amount of XRP with each transaction, permanently eliminating tokens from circulation. Unlike other cryptocurrencies that redistribute fees, the XRP burning process helps reduce the total supply, which may drive its value up in the future. Santiment, a blockchain data provider, notes that the recent price surge is accompanied by increased activity on the network, particularly concerning the creation of new wallets. This indicates that this expansion is impacting the rise in interest from retail investors. Ripple's recent launch of RLUSD on the XRP Ledger has sparked a new wave in the ongoing debate about the long-term potential of XRP. This development emphasizes that Ripple is still continuing to grow its ecosystem and promote XRP. The Inflationary Decline of XRP: Strategies for Scarcity The XRP network burns an average of 3,000 to 4,000 XRP daily, making the deflationary process a fundamental aspect of its design. As the supply dwindles, a significant portion of the XRP community views this as a strategic move towards scarcity. The XRP burning mechanism offers an advantage in an inflationary market. This steady decrease in supply could increase the rarity of XRP, thereby boosting the long-term value of this coin. Expect: Up to $4 XRP has surged past a significant resistance level, raising hopes for a potential price increase to the $4 mark. This move comes after completing a double bottom pattern that has formed on the 3-day chart over several months. According to Steph Is Crypto, a reputable analyst in the XRP community, this structure began to develop in April 2025. The asset even hit a low of around $1.65 in mid-April but quickly recovered. It closed at $1.90 at the beginning of June, forming a second bottom that establishes a reversal setup. The growth is due to the price of XRP increasing by 27%, reaching $2.97 over the past seven days, with support and resistance levels being closely monitored. The resistance level at $2.93 is significant, and the resistance level at $2.85 is also notable. With the continuous decrease in supply and increasing demand, the price of XRP could certainly maintain an upward trend to $4 in the near future. #MyStrategyMistakes