13 Million XRP Burned, Analyst Predicts $6.4 Target as Scarcity Rises
The recent burn of 13 million XRP tokens has sparked excitement among investors, with analysts predicting a significant price surge to $6.4 as scarcity increases. This burn is expected to reduce the circulating supply of XRP, potentially driving up demand and, in turn, the price .
Looking at the current market trends, XRP has shown impressive growth, with a 5.8% increase in the last 7 days and a 60% green day rate over the past 30 days. The Fear & Greed Index is also displaying a score of 86, indicating extreme greed in the market .
XRP Price Predictions:
- _Minimum Price:_ $0.68533146 (2024) ¹
- _Average Price:_ $0.98710128 (2025) ¹
- _Maximum Price:_ $7.54 (2030) ¹
Key Factors Influencing XRP's Price:
- _Scarcity:_ The recent token burn is expected to reduce supply, driving up demand .
- _Adoption:_ Increasing adoption and use cases for XRP could boost its value.
- _Market Sentiment:_ Positive investor sentiment and market trends.
While predictions are promising, it's essential to remember that cryptocurrency markets are highly volatile. As with any investment, it's crucial to conduct thorough research and consider multiple factors before making a decision.
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