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XRP's onchain activity has collapsed to pre-2025 levels, with the 90-day simple moving average of total network fees falling 91.5% from roughly 5,900 XRP in February to about 500 XRP today, according to Glassnode. Price, meanwhile, has stabilized in a narrow band, grinding between $1.10 and $1.15 after a failed attempt to hold above $1.30. The combination — collapsing transaction demand and a compressed price range — has put XRP's near-term support structure under the microscope.
Why it matters
The fee contraction signals that speculative throughput on the network has dried up. XRP's 90-day realized profit-to-loss ratio sits at 0.38, down from a peak of 50 when XRP traded at $3.40 in January last year. A reading that low means participants are realizing roughly $1 in losses for every $0.38 in profits — historically a signature of capitulation selling rather than healthy rotation. The setup mirrors prior mid-cycle exhaustion phases for XRP, where activity dries up before the next directional move.
The one counterweight is distribution. Large-wallet transfers of 1 million XRP or more to Binance have declined since the 2025 peak, indicating major holders are not yet aggressively selling into the consolidation. Capitulation without aggressive distribution is a mixed signal — it can mark a bottom, but it can also extend sideways for months before resolving.
Market impact
XRP is consolidating below the 100-hour SMA with immediate support at $1.05–$1.10 and a secondary demand pocket at $1. Resistance layers at $1.20–$1.25 and then $1.30–$1.40; a clean reclaim of $1.50 would shift short-term momentum and open a path toward the mid-$1.60s. If $1.10 fails on rising volume, the $1.00–$0.65 band becomes the macro support zone. A hold at $1.10 with volume pickup could push price back toward $1.20 and eventually $1.30, though the 91.5% fee contraction makes timing any bounce a high-conviction call.
Frequently asked questions
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How much have XRP network fees dropped?
The 90-day simple moving average of total fees paid on the XRP network has fallen roughly 91.5%, from around 5,900 XRP in February to approximately 500 XRP today, according to Glassnode.
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What does a 90-day realized profit-to-loss ratio of 0.38 mean?
A ratio of 0.38 means participants are realizing about $0.38 in profits for every $1 in losses over the 90-day window. It is down from a peak of 50 and is historically associated with capitulation selling.
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What are XRP's key support and resistance levels right now?
Immediate support sits at $1.05–$1.10, with a secondary demand pocket at $1.00. Resistance layers at $1.20–$1.25, then $1.30–$1.40; a reclaim of $1.50 would shift short-term momentum toward the mid-$1.60s.
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Are large XRP holders still selling into the consolidation?
No — transfers of 1 million XRP or more to Binance have declined since the 2025 peak, indicating major holders are not aggressively distributing despite the price weakness.
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What happens if XRP loses the $1.10 support level?
A close below $1.10 on rising volume opens the $1.00 target. The $1.00–$0.65 band has been identified as the macro support zone if the correction extends further.
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