Although the overall cryptocurrency market is bullish, XRP's network activity remains steady, with only 3.79% of tokens destroyed as fees in the past 24 hours, totaling 465 XRP. While this indicates a slight increase in demand and a slight decrease in supply, the overall on-chain dynamics suggest that payment usage has not experienced significant growth. XRP price has rebounded to $2.10, boosting traders' optimism that the price could rise to $3, but the current destruction metrics do not reliably predict short-term price movements.
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Although the overall cryptocurrency market is bullish, XRP's network activity remains steady, with only 3.79% of tokens destroyed as fees in the past 24 hours, totaling 465 XRP. While this indicates a slight increase in demand and a slight decrease in supply, the overall on-chain dynamics suggest that payment usage has not experienced significant growth. XRP price has rebounded to $2.10, boosting traders' optimism that the price could rise to $3, but the current destruction metrics do not reliably predict short-term price movements.