[DigitalToday reporter Yoonseo Lee (이윤서)] The XRP Ledger's fee burn rate jumped sharply. But with about 1 million of 2.9 million total transactions counted as failed, it is hard to view this as a clear signal of expanding real-world use.
U.Today, a blockchain media outlet, reported on Sept. 30 that XRP has held above $1.37, its 200-day moving average, after breaking above a downtrend line in early September.
Network activity rose overall. Total transactions climbed 276.6 percent to 2.9 million, while successfully processed transactions rose 172.6 percent to 1.9 million. Payment count also increased 129.9 percent to 1.2 million. Because the XRP Ledger burns a small fee on every transaction, the burn amount rises when transactions increase.
Payment scale also expanded. Payment volume over the past 24 hours rose 35.1 percent to 929.6 million XRP, exceeding the 30-day average of 615.4 million XRP. It is still far below the all-time high of 7 billion XRP.
The issue is the quality of the increase in transactions. About 1 million of the 2.9 million were failed transactions. On the XRP Ledger, failed transactions can still consume fees, raising the possibility that part of the burn surge came from spam or bot-driven traffic rather than real economic activity. That underpins assessments that a rise in fee burns is not necessarily a bullish signal.
Other indicators showed mixed trends. The number of active users fell 69.5 percent to 152,200, and transactions per ledger dropped 25.7 percent to 142.43. Active accounts rose 378.1 percent to 18,200, and new accounts surged 831.5 percent to 3,200. But an increase in account creation does not necessarily mean an immediate expansion in new inflows. The possibility remains that automated wallets were created in large numbers.
Price action has yet to show a clear direction. XRP pulled back from a high of $1.66 and is attempting to stabilise at $1.50. Support is forming between $1.37 and $1.31, where several moving averages overlap, and recent candle trading volume has slowed compared with the breakout in August.
The market is focusing less on the rise in the burn rate itself than on the nature of the transactions that created the burns. Higher fee burning can generally be supportive from a supply perspective, but the effect depends on the quality of activity. If it reflects an increase in actual payments, it could support the case for broader XRP use. If failed transactions and automated spam are the main drivers, the burn increase may prove temporary.