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XRP Ledger Reaches Milestone: 13M XRP Burned, Boosting Efficiency and Scarcity

  • XRP Ledger has achieved a major milestone by burning 13 million XRP tokens, leading to scarcity and improved efficiency.
  • More than 92 million ledgers have been successfully closed, with over 160k payments and 369k transactions recorded.
  • The XRP Ledger's deflationary model, introduced with the Automated Market Maker (AMM) feature, has contributed to the token burn rate.
  • Analysts predict XRP could establish strong support at $1 and potentially reach $6.4 in the current market cycle.

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