XRP Soars 10% In A Week As New Report Highlights 14 Million XRP Burned

XRP XRP/USD is seeing strong growth across key metrics, according to a new report by analytics firm Messari.

What Happened: XRP ended Q3 as the fourth-largest cryptocurrency, recording an all-time high market cap of $170.3 billion (+29% QoQ) and a price of $2.85 (+29% QoQ), the report stated.

Circulating supply rose 1.4%, while market cap jumped 392.6% year-over-year.

Transaction fees fell 24.5% QoQ to $513,900 and burned XRP dropped 43.6% to 174,200 XRP.

To date, around 14.2 million XRP has been burned, while 1 billion XRP continues to be released monthly from escrow.

Ripple's USD-pegged stablecoin RLUSD grew 34.7% QoQ to a market cap of $88.8 million, making it the XRPL's largest stablecoin.

Meanwhile, real-world asset (RWA) issuance surged, pushing the XRPL's RWA market cap to an all-time high of $364.2 million (+215% QoQ).

Also Read: XRP Gains 7% In 1 Week: What Is Going On?

Why It Matters: Messari reported noted that there are currently seven pending U.S. spot XRP ETF applications, with SEC decisions expected between Oct. 18 and Nov. 14,.

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XRP futures listed on Coinbase and CME satisfy the new six-month tracking requirement, fueling expectations for ETF approval by year-end.

Polymarket odds of an ETF approval in 2025 stand at 99%.

Globally, three Canadian XRP ETFs launched in June, and Hashdex introduced the first Brazilian XRP ETF in April.

Following Michael Saylor's Digital Asset Treasury (DAT) model, several companies have announced over $900 million in XRP acquisitions in the U.S., led by Trident Digital ($500 million) and Webus International ($300 million).

Japanese financial giant SBI Holdings reportedly holds over $10 billion in XRP, while Gumi and Vivopower have also made strategic purchases.

What's Next: Analyst Ali Martinez cautioned that XRP's TD Sequential indicator has again flashed a sell signal, after correctly predicting prior reversals, suggesting potential resistance near $2.80 in the short term.

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