After peaking in 2025, on-chain activity on the XRP network has seen a clear and dramatic decline. According to data from Glassnode, the 90 day average of network fees plunged from 5,900 XRP to just 500 XRP, representing a steep 91.5 percent drop. Over the same period, the realized profit loss ratio also sank from 50 down to 0.38, underscoring a notable cooling in both transaction demand and the profit potential for XRP investors.
Sharp pullback in network data
Network fees are widely regarded as an indirect indicator of transaction demand. Therefore, the sharp drop in XRP network fees suggests that speculative activity—which earlier pushed the price above 3 dollars in the first half of 2025—has fizzled out significantly. XRP, known for its association with the Ripple ecosystem, remains a popular digital asset for cross border payments.
Mini glossary: The realized profit loss ratio shows whether assets moved on chain are changing hands at a profit or a loss relative to their acquisition cost. When the ratio falls below 1, it indicates that loss-making sales dominate over profitable ones.
According to Glassnode, XRP’s 90 day realized profit loss ratio has now fallen to just 0.38. This means that for every 1 dollar of realized losses, traders are only locking in 38 cents of gains. By contrast, in January and July 2025, when prices neared 3.40 dollars, this ratio spiked to as high as 50, highlighting a market dominated by profit taking. The latest data clearly shows that the situation has reversed since then.
The recent weakness in XRP’s price appears to be driven less by aggressive selling from large holders, and more by liquidations due to leverage and a general aversion to risk in the market.
Sell pressure from big wallets remains limited
Exchange flows present a somewhat different picture. Crypto analyst Pelin Ay noted that transfers of over 1 million XRP to Binance have declined since the 2025 peak. Historically, surges in transfers between 100,000 and 1 million XRP, as well as those above 1 million XRP, were observed before major corrections, typically interpreted as large holders preparing to sell by moving coins to exchanges.
More recently, however, this trend has softened. Since October 2025, exchange inflows between 100,000 and 1 million XRP have fallen by 15 percent, while those above 1 million XRP dropped by 20 percent. This suggests that the current decline is more likely driven by derivatives market pressures and falling risk appetite, rather than mass distribution by large investors.
The crucial 1 dollar to 0.65 dollar zone
On the technical side, the weekly chart indicates a strong support area concentrated between 1.00 dollar and 0.65 dollar. The gap formed between 0.63 and 1.00 dollars during the steep rally at the end of 2024 is under close watch by analysts. Following a breakdown below the 1.40 dollar support, XRP has retraced into this critical zone once again.
Volume profile data also show that activity below current price levels is relatively thin, while the band between 0.50 and 0.65 dollars contains a much stronger volume node. The highest volume cluster, or point of control, now sits between 0.52 and 0.55 dollars. This region is set to intersect with XRP’s five year ascending trend line in the coming months, particularly within the 0.60 to 0.65 dollar range.
Some market participants view this area as an accumulation zone. Trader Crypto Patel has identified the 1.00 to 0.60 dollar range as a preferred buying region, while analyst Javon Marks has maintained a long term breakout target of 15 to 18 dollars, representing a potential upside of about 1,100 percent compared to current prices.
