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Crypto

XRPL burn rate surges 848 percent, but signals of real-world use still unclear

XRP Ledger\'s fee burn rate jumped sharply, but the rise may not signal broader real-world use because about 1 million of 2.9 million transactions failed. Network activity increased, with transactions and payments rising and 24-hour payment volume reaching 929.6 million XRP. Some measures weakened, including active users and transactions per ledger, while active and new accounts surged. XRP price action remained rangebound around $1.50 after retreating from $1.66.

Crypto

Cardano tests breakout from long trading range, focus on holding $0.24

Cardano (ADA) has moved above the $0.24 level on the weekly chart, a zone that had acted as resistance for years. The Crypto Basic said this week’s price action will be pivotal in determining whether the move marks a trend reversal or a temporary breakout. Staking pool operator Sssebi said ADA ended the week above the resistance area, but cautioned it is too early to call it a confirmed breakout. Analysts cited $0.30 and $0.40 as key levels.

Crypto

Bitcoin profit-taking fuels \'altcoin season\' hopes

Altcoin spot trading volume has risen to nearly four times that of bitcoin, the highest since September last year, as profit-taking in bitcoin rotates into altcoins. Wintermute said net bitcoin selling at its OTC desk largely came from retail clients moving into altcoins. On-chain data show 72.5 percent of tracked altcoins outperforming bitcoin. U.S. bitcoin spot ETF inflows total about $2.4 billion over five sessions but slowed each day.