XRP (XRP) may see another sharp rise to a double-digit price, but similar market setups in 2022 and 2017 pointed to an extended consolidation period before this happens. Key takeaways: XRP macro setup targets $10, but an extended consolidation is required before any sharp liftoff. XRP holds strong $1.80โ$2 support since Dec 2024, which has historically produced 35%-90% price rebounds. Onchain data suggest XRP is at levels that have previously preceded sideways price action.ย XRPโs needs โlonger accumulationโ before rebound XRP defended the $1.78โ$2 support band that it has held…
Tag: XRP
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XRP Ledger Congestion Could Burn 1 Billion Coins A Year: Developer
Software Engineer and founder of various AI start ups Vincent Van Code (@vincent_vancode) argues on X that most XRP burn projections are understated because they assume todayโs low transaction fees persist even under heavy network usage. In his framing, sustained congestion on the XRP Ledger (XRPL) could push fees higher via the protocolโs load-scaling mechanics, potentially destroying on the order of one billion XRP annually. XRPL Load Factor Could Turn Fees Into A Major XRP Burn In a thread titled โThe โSupply Meltdownโ Simulation,โ Vincent Van Code claimed โeveryone is…
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XRP Price Bearish Continuation Confirmed As Downside Pressure Builds
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