XRP's Network Activity Pulls a Houdini: Burns Drop 52% While Bulls Still Dream of $2.50

XRP had a rough week, closing in the deep red despite showing some price action earlier. Things aren't looking any better on the network usage front either. According to CryptoQuant, only 451 XRP was burned as fees over the last day—a massive 52% plunge from the 942 XRP burned the previous day. Ouch.

That said, XRP is showing some signs of life. The price flipped positive in the last few hours, ticking up about 0.85% and currently sitting at $1.34. Exchange reserves across major platforms like Binance continue to drop, which some see as a bullish signal.

Market watchers are holding onto hope that this mild resurgence could be the start of something bigger. Historical data might be giving them reason to dream: April has been XRP's strongest month year after year, delivering an average return of 24.8%. Could $2.50 be in the cards? Only time will tell.