XRP Ledger activity has accelerated significantly with 2.1 million transactions, a 23.9% increase, and 708,100 payments, up 31.5%. The built-in burn mechanism for transaction fees has destroyed 337.2 XRP recently, slightly above the 30-day average of approximately 319 XRP, with notable spikes exceeding 1,000 XRP in September. However, the direct impact of these burns on price remains negligible due to the tens of billions of XRP tokens in circulation. XRP is currently trading around $1.30, after declining from the $1.40-$1.45 consolidation range, with key support located between $1.27 and $1.30. Recovering the $1.35 level represents the first major prerequisite for buyers to stabilize the price.
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