Recent data reveals a 41% decline in XRP's burn rate, indicating a notable slowdown in activity on the XRP Ledger network. This reduction is reflected in a sharp drop in transaction volume, with daily XRP burned falling from 3,323 tokens on June 2 to 1,930 tokens on June 3. Payment transactions on the network have decreased to their lowest levels since October, dropping to approximately 320,747, a significant fall from the average of over one million transactions seen earlier in 2025.
This decline contrasts with a robust first quarter in 2025, during which payment transactions increased by 36%, and active addresses surged 142%. The reduced burn rate and transaction volume suggest a temporary network slowdown and shifting usage patterns, which may influence forthcoming market trends.
XRP is currently trading slightly above its 100-day EMA at $2.29, an important support level, but the decrease in usage adds uncertainty to near-term price behavior. Some analysts predict potential price targets ranging from $10 to $27 in the medium term, contingent on a recovery of on-chain activity.
Additionally, the Dubai Financial Services Authority's approval of Ripple USD (RLUSD) as a stablecoin for use within the Dubai International Financial Centre marks a positive regulatory milestone for Ripple and the XRP ecosystem. The upcoming XRP Ledger Apex 2025 event in Singapore is expected to bring further developments and announcements impacting XRP.