XRP transaction fees burned on the XRP Ledger increased from 250.37 XRP on October 4 to 1,821.11 XRP on November 3, a 627% rise over one month. On November 3, the amount of XRP burned reached its highest level in a month, rising 38.5% from the previous day. This figure was more than double the 30-day average of 773.4 XRP. The increased activity on the XRP Ledger gradually reduces the circulating supply and supports recovery expectations for the asset as selling pressure in the broader crypto market eases.
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