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

XRP (CRYPTO: XRP) 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 …

Full story available on Benzinga.com