The XRP Ledger is witnessing a powerful resurgence in network activity and price, marked by a dramatic spike in its token burn rate and a major strategic announcement from Ripple. According to on-chain data from CryptoQuant, the amount of XRP burned as transaction fees surged by over 67% in just a few days, reaching 939 XRP on February 6. This represents the highest burn rate recorded since the beginning of 2026, a substantial increase from the 523 XRP burned approximately three days prior.
This surge in network activity coincides with a significant price recovery for the XRP token. After retesting lows around $1.10—levels reminiscent of 2023—XRP staged a dramatic comeback with daily gains exceeding 15%. At the time of reporting, XRP is trading near $1.42, reflecting a 3.43% increase over the last 24 hours, though momentum has shown signs of cooling. The token's price has rebounded approximately 25% from its recent crash low.
The accelerating burn rate is widely interpreted as a bullish signal, suggesting heightened network usage and a potential reduction in selling pressure as demand for the asset increases. Analysts note that the coinciding rise in price and burn metric indicates traders may be holding rather than liquidating positions.
Adding fundamental fuel to the rally, Ripple and contributors to the XRP Ledger (XRPL) have unveiled a comprehensive institutional DeFi blueprint. This roadmap positions XRP as a central asset for regulated on-chain finance, aiming to provide the token with a fresh narrative and utility. In a related development, digital asset custodian Hex Trust has expanded its partnership with Flare Network to offer institutional clients compliant custodial access to FXRP minting, redemption, and FLR staking services.
Despite the positive momentum, XRP faces key technical hurdles. Market watchers indicate that a sustained recovery requires the token to reclaim the $1.68 level. Conversely, a close below the $1.40 support could open the door for a retest of the $1.00 psychological level. Spot exchange-traded fund (ETF) outflows for XRP have moderated to $6.96 million, providing some stability to the market structure.
