The Total Fees Paid metric on XRP’s Ledger has dramatically plummeted by over 89% since February. Dwindling all the way from 5,900 Ripple coins to just 650 on average today. The gap in garnered fees suggests a calmer activity on Ripple’s (XRP) native chain, even though the OG altcoin has witnessed several exchange-traded fund (ETF) launches.
However, solid figures beyond $900 million didn’t reflect on the on-chain activity, while the social media sentiment is still negative. While Glassnode’s analysis hints at the lowest activity since December 2020, Santiment’s data reveals this type of sentiment paired with a stagnant moment is often a precursor to wider bounce-back rally for the underlying asset.
XRP Still Primed For ATH Retest If $1.90 Floor Holds
Even though the Federal Reserve yesterday announced a .25 bps rate cut, XRP coin’s price still stagnates around the $2 support level. According to seasoned market analyst The Chart Nerd, there could be additional pullbacks towards the $1.90 support levels before the big take-off happens. Everything above $1.90 is considered ‘constructive development’.
With XRP coin’s price in oversold territory on the Stochastic Relative Strength Index (StochRSI), the technical analyst sees the popular remittance altcoin positioning itself to retest the multi-month resistance lines of $3.60, which are just 5 cents below Ripple coin’s all-time record of $3.65, hit in June after the $50 million settlement with the SEC.
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Daily transaction fees on the XRP Ledger have fallen to 650 XRP from 5,900 XRP in early 2025, marking an 89% decline to levels last seen in December 2020, according to on-chain data from Glassnode.
The sharp fee reduction aligns with a 59% drop in futures open interest to 0.74 billion XRP, negative funding rates, and social sentiment in the “fear zone,” signaling reduced trader confidence and potential capitulation for a rebound.
XRP faces downside risk below $1.90 support amidst a descending triangle pattern, but historical patterns suggest such low-activity periods could precede rallies if sentiment shifts.
Fees, paid in XRP and burned upon processing, prevent spam and gradually reduce supply; lower fees reflect decreased network activity but enhance XRPL’s appeal for low-cost use cases.
Analysts note oversold indicators like RSI squeezes and Stochastic signals, but sustained recovery would need increased on-chain volume & more catalysts, as current trends show ongoing pressure.
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