XRP Price Speculation Intensifies Amid Token Burn Mechanism
Crypto analysts are debating whether XRP could reach $10 due to its new fee-based burn mechanism.
Crypto analysts are debating whether XRP could reach $10 due to its new fee-based burn mechanism. XRP (XRP) is trading at ₹125 ($1.31), up 0.8% since this brief published. This is an original Token Times brief based on reporting by DailyCoin, with live market data added, as of Sat, 17 Oct 2026 03:00:02 UTC.
The introduction of a fee-based token burn system could significantly impact XRP's supply dynamics and price trajectory, potentially creating scarcity and boosting its value.
- XRP's new fee-based burn system is accelerating token destruction.
- Market analysts are speculating on a potential $10 price target for XRP.
- Current XRP price is $1.3, with a 24h drop of 2.35%.
The recent introduction of a fee-based token burn system for 
XRP has ignited discussions about its potential price trajectory. This mechanism, which destroys a portion of XRP tokens with each transaction, is designed to reduce the overall supply over time.
Crypto analysts and enthusiasts are now debating whether this burn mechanism could push XRP's price to $10. Theoretically, as the supply of XRP decreases, its scarcity could increase, potentially leading to a higher price.
However, the current market data presents a mixed picture. XRP is currently trading at $1.3, having dropped 2.35% in the last 24 hours and 6.47% over the past week. This suggests that while the token burn mechanism is a significant development, the market may not be fully convinced of its immediate impact on price.
The broader crypto market remains relatively flat, with a total market cap of $2.8 trillion. 
Bitcoin, the largest cryptocurrency by market cap, is down 0.95% in the last 24 hours, indicating a period of consolidation rather than strong upward momentum.
The Fear & Greed index stands at 55, indicating 'Greed' in the market, which suggests that investors are still optimistic but cautious. This context is important for understanding the potential impact of XRP's token burn mechanism on its price.
Since this brief published about 10 hours ago, XRP (XRP) has moved from ₹123.65$1.30 to ₹124.60$1.31 — +0.77%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹135.06 (about $1.31), down 2.1% over 24 hours. The rupee itself trades about 8.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
XRP Price Speculation Intensifies Amid Token Burn Mechanism — questions & answers
What is XRP's current price and market performance?
XRP is trading at $1.3, with a 24-hour decrease of 2.35% and a 7-day decrease of 6.47%.
How does the token burn mechanism work for XRP?
The mechanism destroys a portion of XRP tokens with each transaction, reducing the overall supply over time.
What is the significance of the $10 price target for XRP?
The $10 price target reflects speculation about the potential impact of the token burn mechanism on XRP's price, driven by the expected reduction in supply.
How much is 1 XRP worth in rupee today?
About ₹135.06 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.31. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Has XRP's price moved since this brief was published?
XRP is up 0.77% since this brief first published — trading at ₹125 ($1.31) now versus ₹124 ($1.30) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from DailyCoin. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.