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XRP's Daily Burn Rate Surges, Fueling Speculation of $100 Token Value

The daily burn rate of XRP, a popular cryptocurrency, has increased significantly, leading to speculation about a potential bull rally. Crypto analyst 24HRSCRYPTO has made an optimistic prediction that XRP, currently trading below $1, could reach $100 and has provided reasons for this.

The reduction in XRP's total supply by 247,016 over the course of just 30 days, equivalent to an average of approximately 8,233 XRP burned per day, has sparked excitement among investors and prompted questions about the potential for further growth.

The surge in burn rate has been attributed to the deletion of outdated XRPL accounts by prominent exchanges, with some suggesting that this trend could lead to XRP reaching unprecedented heights.

XRP XRP $2.08
+1.31%
XRP Cryptocurrency
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