XRP’s Shrinking Supply: Will Scarcity Drive Up Prices?

Ripple’s XRP token is currently trading below $2.30, sparking renewed discussions about its long-term supply and potential scarcity. The XRP Ledger (XRPL) operates with a maximum of 100 billion tokens, consistently reducing its total through burns on transaction fees. Currently, around 5,000 XRP are destroyed daily as part of this process. Though the impact may seem small, analysts predict that continued burning, especially if network activity grows significantly, could lead to a significant reduction in available supply by 2035. This poses the question: will scarcity drive up XRP’s price in the coming years?