- A falling wedge pattern in the daily chart is driving the current downtrend in XRP price.
- XRP Ledger transaction fees have collapsed sharply, with the 90-day average falling from nearly 5,900 XRP in February 2025 to about 500 XRP by June 2026.
- XRP’s 90-day realized profit-to-loss ratio has retreated to 0.38, highlighting a major shift in investor profitability.
XRP, the native cryptocurrency of the XRP ledger, is down 3.45% during Tuesday’s U.S. market hours to reach $1.12. The downtick followed broader market momentum as Bitcoin dropped below $62,000 again amid persistent macro pressure and consistent spot ETF outflow. However, the XRP price faces additional pressure as on-chain data shows a significant reduction in transaction activity and deep capitulation among traders.
XRP Transaction Fees Collapse Amid Network Slowdown
XRP’s on-chain transaction fees have undergone a steep contraction in recent months. According to Glassnode data, the 90-day SMA of daily fees on the XRP Ledger has plummeted from approximately 5,900 XRP in February 2025 to around 500 XRP by June 2026, representing a reduction of more than 91%.
Public blockchain transaction fees tend to go up as more people increase the number of transactions on the network. Increased activity in the earlier market advances generally came from users moving assets for various reasons.
This significant decline suggests that overall usage of the ledgers has slowed down remarkably after a prolonged period of strong price gains during much of 2024 and early 2025.
Supporting metrics point to the same trend of diminished engagement. XRP is now back to its realized profit-to-loss ratio average of 0.38 on a 90-day time frame. In this case, a $1 loss on the coin movement results in only a 38-cent profit.
This is a complete reversal from the 2025 price highs when the same ratio stood at 50, with profit realization much greater than losses. If the ratio is significantly lower than 1, then most of the coins moving between addresses are being moved for a lower price. This is usually revealed during a period when the initial players have an unfavorable turnaround due to poor exit conditions, and general excitement wanes.
For now, the on-chain measurements illustrate the scale of the post-peak slowdown in network utilization and transaction economics. This data suggests cautious near-term price action with reduced momentum and buying interest.
The overall activity of the ledger does not suggest strong immediate upward pressure, although it is possible that there will be occasional surges or longer-term recovery periods associated with better overall crypto conditions or new project announcements.
XRP Price Stands 5% Short of Major Resistance Challenge
Following the early June correction, the XRP price attempted a bearish breakdown below the $1.129 level. While the support breach initially signaled an extended downtrend ahead, the coin rebounded immediately to reach $1.13.
The sharp pullback could have trapped the hasty sellers who entered this breakdown, anticipating a continued correction ahead. If the XRP price manages to hold $1.129, the buyers could attempt a potential 4-5% surge to challenge the resistance trendline of a falling wedge pattern.
Since July 2025, the Ripple crypto has strictly resonated within the two converging trendlines of this pattern, maintaining a steady downtrend in the daily chart.
Historically, the overhead trendline has acted as dynamic resistance against the XRP price, while the bottom trendline offered strong support.
According to our XRP forecast, if the bulls flip the overhead trendline into potential support, the buying pressure would intensify and drive a renewed recovery towards $1.27, followed by $1.6.
However, the downsloping slope of key exponential moving averages (20, 50, 100, and 200) indicate the broader bearish sentiment among traders. Each of the aforementioned slopes acts as a potential dynamic resistance for price, indicating the path to the fewest hurdles is down.
Therefore, if XRP buyers struggle to surpass the wedge pattern resistance, the coin price could revert and chase the $1 support.
