XRP Supply Burns Remain Marginal As Price Declines

• 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. 

However, analysts have noted that these burn figures are negligible relative to XRP’s nearly 100 billion token supply. One commentator noted that XRP transaction fees are reduced as the price rises, thereby reducing the amount of XRP burned per transaction. As a result, burns primarily function as an anti-spam mechanism rather than a deflationary driver.

Market Structure and Ownership Distribution

According to an analyst, more than 500,000 ledger accounts hold 10,000 XRP or more, although these figures reflect accounts rather than unique individuals. The analyst highlighted that rising prices could affect accumulation patterns, particularly for smaller participants with fixed monthly capital deployment.

Illustrative examples showed that a $500 monthly allocation would acquire 322 XRP at $1.55, 259 XRP at $1.93, 152 XRP at $3.30, 71 XRP at $7.00, 50 XRP at $10.00, 38 XRP at $13.00, and 33 XRP at $15.00. 

XRP Market Movement

At the time of writing, XRP was trading at  $1.90, down by 2.68% over the past 24 hours. XRP’s market data shows a market capitalization of $115.91 billion and a 24-hour trading volume of $2.26 billion, down 45.46%. The volume-to-market-cap ratio of 1.95% suggests relatively subdued trading activity.

The RSI has dropped to 40.37 and continues to trend lower, indicating weakening momentum. At the same time, the MACD line sits at -0.0248, trading well below the signal line at 0.0009, while the histogram remains negative at -0.0256. Together, these indicators point to sustained bearish pressure and limited upside momentum in the near term.

Related: Negative Funding Rates Point to Potential XRP Reversal – Analyst