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This is a significant move for Ripple, as it aims to reduce the supply of its native currency and increase its value. Let's take a closer look at this development. Ripple's Burn Strategy Ripple's decision to burn a large portion of its supply is a strategic move to increase the value of XRP. This is a common practice among cryptocurrency projects, as it helps to create scarcity and drive up demand. The burning of RLUSD also aligns with Ripple's goal of establishing itself as a stable and reliable cryptocurrency. Impact on XRP Price The burning of RLUSD is expected to have a positive impact on the price of XRP. With a decrease in supply, the demand for XRP is likely to increase, leading to a rise in its price. This move also demonstrates Ripple's commitment to the growth and stability of its native currency, which can boost investor confidence and drive up the value of XRP. Crypto Community Reaction The burning of RLUSD has sparked a lot of...