XRP's burn rate surged 147% toward the end of October, with 1,644 XRP burned as fees on October 30, according to XRPScan data. This represents the XRP Ledger's deflationary mechanism, which automatically removes small amounts of XRP from circulation through transaction fees. However, XRP's price fell 15.86% in October, marking its first red month since July, despite positive performance in August (+30.11%) and September (+7.91%). So far, a total of 14,423,678 XRP, or 0.014% of its total supply, has been burned.