XRP breaks $1.50 as burn rate spikes

TLDR

XRP has recently traded above 1.50 while its on-chain burn rate jumped over 30 percent, signaling heavier XRP Ledger usage alongside a broader supply squeeze narrative.

1. XRP moved through the 1.45-1.50 resistance area as daily fee burns rose about 36 percent, reflecting a burst of ledger activity.
2. The more material supply squeeze comes from spot XRP ETFs and whale accumulation, which now control a large share of circulating supply.
3. Key things to watch are whether ETF inflows and burns stay elevated, and if XRP can hold support around 1.44-1.45 on any pullback.

Deep Dive

1. Price And Burn Spike

Reports show XRP broke above the psychological 1.50 level after clearing resistance near 1.45, with intraday highs around 1.51 on major venues and strong trading volume during the breakout.

Analytics cited by U.Today indicate the amount of XRP burned as transaction fees jumped about 36 percent in 24 hours, from roughly 415 to 565 XRP, as the token pushed through this resistance zone.

Burns on the XRP Ledger occur when fees are destroyed in XRP, so a spike usually reflects more transactions and higher fee pressure rather than a deliberate token burn program.

Confidence: high - multiple independent news and data sources describe the same levels and burn increase.

2. Supply Squeeze Drivers

While the fee burn percentage increase sounds large, 500-600 XRP per day is tiny versus total supply; the bigger story is structural supply removal.

U.S. spot XRP ETFs have reportedly locked about 1.3 percent of circulating supply, with cumulative inflows around 1.3 billion dollars and recent daily inflows in the 20-25 million dollar range, reinforcing steady demand from regulated funds.

Whale wallets holding at least 10 million XRP are at multi-year highs and control well over half of circulating supply, further reducing liquid float on exchanges. A recent pilot settling tokenized U.S. Treasuries via the XRP Ledger with firms like JPMorgan and Mastercard showcases utility that can support this demand.

3. What To Watch Next

Technically, analysts are watching the 1.44-1.45 area as support and 1.50-1.55 as the next resistance band; sustained closes above 1.50 would confirm a breakout rather than a simple wick.

On-chain and market structure signals to monitor include:

1. Daily XRP burned in fees staying elevated alongside high ledger usage.
2. Net flows into spot XRP ETFs remaining positive.
3. Exchange balances continuing to trend lower as more XRP moves to custody.

If ETF inflows fade or XRP drops back below the former 1.45 resistance with rising exchange balances, the current move could resolve into a range rather than a new leg higher.

Conclusion

XRPs push above 1.50 coincides with a visible jump in fee burns, but the deeper driver is a supply squeeze from ETF demand and whale accumulation rather than the burns themselves.

For crypto users, the key is whether structural demand and reduced exchange float persist, and whether price can hold above former resistance, since those factors will determine if this breakout has lasting momentum.