The XRP burn rate rose 147% as October drew to a close, while the token remained down for the month, according to U.Today’s October 31 report. Citing XRPScan, the outlet said the XRP Ledger destroyed 1,644 XRP through transaction fees on October 30, 2026. The report did not specify the comparison period behind the percentage increase.
Key Takeaways
- U.Today reported a 147% increase in fee burning without identifying its comparison baseline.
- Cumulative burns stood at 14,423,678 XRP, or approximately 0.014% of total supply, according to the report.
- CoinGecko’s October 31 snapshot showed XRP at $1.25, up over 24 hours but down over 30 days.
- The supplied figures do not establish whether the burn increase affected XRP’s price.
What happened to the XRP burn rate?
U.Today reported the 147% increase at 16:15 UTC on October 31. Its account linked the burns to the ledger’s transaction-fee mechanism, which permanently removes the XRP paid in fees from circulation.
According to the outlet, every XRP Ledger transaction requires an XRP-denominated fee, and that fee is burned automatically. The reported destruction therefore concerns transaction fees, not a separate company announcement of a discretionary token burn.
The missing baseline limits what readers can conclude about the percentage. The article does not identify the earlier burn amount or the comparison window used to calculate the increase. It therefore does not establish whether the jump represents a sustained change or a brief fluctuation.
The October 30 total is the clearer measurement: U.Today, citing XRPScan, reported 1,644 XRP removed that day. Its account does not establish why aggregate fee destruction increased.
Background: small burns, broader ledger growth
Scale matters when interpreting the XRP burn rate. U.Today put cumulative destruction at 14,423,678 XRP as of its October 31 report, equivalent to approximately 0.014% of total supply. That cumulative supply share provides context for the much larger percentage change in burning activity.
These numbers describe different things. The 147% figure concerns a reported increase in burns, while 0.014% describes the share of total supply destroyed cumulatively. The report does not say that 147% of supply was removed or that total supply fell by that percentage.
U.Today also relayed third-quarter 2026 figures shared by the official XRP account on X. Stablecoins on the ledger increased 25.2% to $1.03 billion, while global XRP exchange-traded product net inflows rose 39.6% to $355.3 million, according to the account as cited by the outlet.
The same quarterly figures showed payment volume rising 4.3% to 42.82 billion XRP and native decentralized-exchange volume increasing 20.2% to $614.8 million. These are reported quarterly measures, not measurements of the October 30 burn event. They do not establish what caused that day’s increase.
Price snapshot: a daily gain inside a longer decline
The available market data show a daily gain alongside losses over longer periods. They do not establish a trading response to the burn report. CoinGecko recorded the following XRP readings on October 31, 2026, at 18:13 UTC:
| Metric | Reading |
|---|---|
| Price | $1.25 |
| 24-hour change | +1.18% |
| Seven-day change | -1.75% |
| 30-day change | -15.36% |
| 24-hour trading volume | $1,078,984,966 |
U.Today separately reported an October-to-date decline of 15.86% earlier that afternoon. That is not the same measurement as CoinGecko’s rolling 30-day return. Both the observation time and the return window differ, so the figures should not be presented as competing readings of one identical period.
According to U.Today, XRP gained 30.11% in August and 7.91% in September 2026. At the time of its October 31 report, XRP was on course for its first monthly decline since July. October had not yet ended, so that remained a month-to-date assessment rather than a final monthly result.
Other assets also showed negative 30-day returns in CoinGecko’s 18:13 UTC snapshot: Bitcoin was down 7.74%, Ethereum 15.88% and Solana 18%. Those readings provide broader market context, but they do not explain XRP’s losses or identify the effect of its fee burns.
What remains unknown
A disclosed comparison period would make the reported XRP burn rate increase easier to assess. Comparable subsequent readings would also allow readers to check whether elevated burning persisted. Neither is available in the supplied report.
The evidence supports reporting fee destruction and price performance separately. It does not support a price forecast based on the burn percentage. XRP’s negative seven-day and 30-day returns also show that a positive daily reading can coexist with losses over longer holding periods.
FAQ
What does the XRP burn rate measure?
It measures XRP permanently removed through transaction fees over a given period. U.Today reported 1,644 XRP burned on October 30, 2026.
Does this report show that burning XRP raises its price?
No. It reports increased burning alongside an October price decline, without establishing a causal relationship between them.
Was XRP down when the report appeared?
U.Today reported a month-to-date decline. CoinGecko’s later October 31 snapshot showed XRP up over 24 hours but down over seven and 30 days. The timeframe is essential to interpreting each reading.
Sources
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrencies are highly volatile; always do your own research before investing.
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