XRP’s Key Metric Surges 33.9% but Price Plunges Hard, What’s Next?

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Ah, XRP. The cryptocurrency that just can’t make up its mind. It’s like that friend who swears they’ve changed, only to show up late to dinner with a half-eaten sandwich in their hand. This week, the spotlight’s on XRP for all the wrong reasons, as its price continues to wobble like a toddler on a tricycle. But wait, what’s this? XRP’s on-chain activity has spiked, and not just by a little. Oh no, it surged by a whole 33.9%! Talk about a dramatic twist in the plot.

XRP on-chain activity spikes amid ETF buzz

According to data from XRPSCAN (I know, sounds like something out of a spy movie), the amount of XRP burned as transaction fees saw a noticeable increase from a modest 604 tokens on November 20th to a robust 808.8 tokens the very next day. It’s like someone cranked up the engine and sent XRP into overdrive-only, the car’s still stuck in neutral.

Now, you’d think that after the longest price correction XRP has seen all year-currently hovering below $2-it would be waving a little white flag of surrender. But nope, XRP’s blockchain activity is showing some life, like a cat that’s fallen asleep on your lap but suddenly remembers it has 12 lives to burn. The faintest whiff of recovery is in the air, and maybe, just maybe, we’re headed for a four-figure price range. Or at least that’s the dream.

When more XRP gets burned, it generally means more people are using the network. So, while the price may be doing a freefall that would make a skydiver nervous, the fact that XRP is still burning those tokens like a bonfire means it’s got some serious activity going on in the background.

As for why this is happening while the price is on a downward slide? Well, it seems the institutional investors are stepping up their game, most likely fueled by the major ETF launch this week. You know, the kind of event that makes everyone go “Wait, what’s an ETF again?” and then start googling it furiously. And now, XRP’s burning tokens like a mad scientist who’s just discovered fire.

XRP adoption soars

Speaking of the ETF launch-let’s talk about the Bitwise XRP ETF that kicked off on Thursday. This little guy didn’t just tiptoe into the market; it barged in with over $107 million in first-day inflows. It’s like the cool kid in school who shows up to the first day of class with the latest sneakers, making everyone else wonder if they should’ve dressed better. And here’s the kicker: more XRP ETFs are on the way next week. It’s like a crypto party, and everyone’s invited.

With all this network activity, it’s no wonder that confidence is creeping back into the XRP ecosystem. If you squint hard enough, you might even spot some hope on the horizon. The increasing XRP burn rate is definitely a sign of growing institutional interest. That’s right, the big-money players are getting involved, and when they start getting hungry, well, let’s just say things might start looking up for XRP. But, you know, no guarantees. It’s crypto, after all. Anything can happen.

So, what’s next for XRP? Will the price rebound, or is this just another false dawn? As always, buckle up. This ride’s not over yet.

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2025-11-22 12:45