Ripple (XRP) continues trading above the $1.44 level…despite surging burn rate, price remains stagnant

Ripple (XRP) has recently increased by nearly 4% in the past 24 hours, trading around $1.44. However, it is testing the 50-day simple moving average and forming a short-term equilibrium point, lacking clear momentum. Since the price remains significantly below the 200-day moving average of $2.14, analysts believe the long-term bearish trend continues.

XRP Burn Rate Surges 313% but Price Remains Stagnant

Notably, XRP burn activity surged 313% within 24 hours. As of March 19, 2,491 XRP tokens were burned as fees, hitting the highest single-day burn since 2026. This indicates increased network activity, but the price remains stagnant at around $1.44.

Currently, XRP has a market cap of approximately $88.24 billion, ranking fourth in the cryptocurrency market. Its 24-hour trading volume is about $976.28 million, down 48.6% from the previous day, with a circulating supply of approximately 61.34458 billion tokens.

Ripple’s April Custody Unlock Approaching, Market Impact Expected to Be Limited

Ripple will conduct its fourth monthly custody unlock in April 2026. This unlock also plans to release 1 billion XRP tokens. Historical data shows Ripple typically re-locks 60-80% of unlocked tokens each month, with actual market inflows remaining between 200 million and 400 million tokens.

These circulating XRP tokens are used to support cross-border payment liquidity and partner financing. Market analysts believe past custody unlocks have had minimal impact on XRP’s price, as investors have already priced in the unlock schedule.

Institutional Investment Flows Reach $1.24 Billion, Goldman Sachs Holds Related ETFs

XRP-related ETFs have seen net inflows exceeding $1.24 billion. Major institutions, including Goldman Sachs, are holding XRP ETFs, indicating growing institutional interest in XRP.

Market analysts are optimistic about XRP’s price prospects. Jeffrey Kendrick, an analyst at Standard Chartered, predicts XRP could reach $2.80 by 2026. Other analysts cited by Forbes suggest a potential rise to the $3–$5 range by the end of the year.

Ripple Ecosystem Continues Expansion with Green Travel Challenge

The Ripple ecosystem is also expanding. CACrypto launched the “Green Travel Challenge” based on Ripple, showcasing environmentally friendly blockchain applications. This indicates XRP is moving beyond a simple payment tool to explore multiple industries.

In the past hour, XRP has decreased by 0.02%, but it has increased by 2.55% over the past 7 days. It also gained 2.69% over 30 days, showing short-term recovery. However, over 60 and 90 days, it declined by 23.74% and 25.13%, respectively, indicating ongoing medium- and long-term correction patterns.

The market is closely watching whether XRP can hold the $1.44 support level and whether institutional inflows and ecosystem expansion can serve as catalysts for a price increase. Although concerns about custody unlocks have been alleviated by past cases, breaking above the 200-day moving average of $2.14 still requires clearer upward momentum.

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This article summary was generated using the TokenPost.ai language model. There may be omissions of main content or discrepancies with actual facts.