[DigitalToday reporter Yoonseo Lee] As transaction activity on the XRP Ledger (XRPL) increases, the amount of XRP burned through fees is also running above recent averages. Still, the burn is small relative to circulating supply, making it difficult to deliver a direct shock to XRP prices, some say.

U.Today, a blockchain outlet, reported on Sept. 17 that recent XRPL data showed simultaneous increases in transaction and payment indicators.

On XRPL, transaction fees are not paid to validators and are permanently burned. As network usage rises, the market also focuses on the burn mechanism. In recent tallies, total transactions rose about 23.9 percent to about 2.1 million, while successfully processed transactions increased 15.7 percent to 1.6 million. Transactions per ledger climbed 24.6 percent to 103.33, and payments rose 31.5 percent to 708,100.

Fee burns were also higher than recent averages. On the latest reading, XRP burned as fees totalled 337.2, above the 30-day average of about 319. A one-year chart also showed several recent spikes in burns. September also saw spike periods above 1,000 XRP.

The report also said the market does not need to overinterpret the figures. With tens of billions of XRP in circulation, burns in the hundreds or thousands have little direct impact on supply. The burn rate is closer to an indicator of actual XRPL usage than a tool that creates immediate scarcity.

Against that backdrop, technical zones were presented as a more important variable for price moves than network indicators. XRP fell sharply after trading in a $1.40 to $1.45 range and is now changing hands near $1.28. Selling pressure once pushed it down to around $1.27 and below $1.35, where a long-term moving average sits. Sell volume also rose during the decline.

The first support zone the market is watching is $1.27 to $1.30. Another rising moving average is located in that range. If that support breaks, the $1.24 to $1.25 area becomes more important. The relative strength index also pulled back toward neutral after holding high levels in an uptrend since August.

To rebound, regaining $1.35 was cited as the first task. After that, XRP would need to move back above the $1.40 to $1.45 area to restore the previous uptrend structure. The increase in network activity is a positive signal, but burns alone are not enough to change XRP’s supply structure.

Ultimately, the key to short-term price action depends less on the expansion of fee burns than on whether buyers can defend the current support zone and halt the recent technical breakdown. The market is watching whether XRPL usage continues to rise and whether XRP can successfully defend the $1.27 level.