XRP fees plunge 91.5%, traders eye $0.65 support

Glassnode data show the 90-day simple moving average of total fees paid on the XRP network fell about 91.5%, from roughly 5,900 XRP in February to about 500 XRP. The decline followed the token’s rally above $3 in early 2025.

The network’s 90-day realized profit-to-loss ratio dropped to 0.38 from highs near 50 reached in January and July 2025. A 0.38 ratio means roughly $1 in losses was realized for every $0.38 in profits, meaning more coins moved onchain at a loss than at a profit.

On exchange flows, transfers larger than 1 million XRP to Binance have declined since the 2025 peak. Inflows from the 100,000–1 million and 1 million-plus XRP cohorts are down about 15% and 20%, respectively, from October 2025 levels, according to onchain monitoring. Crypto analyst Pelin Ay noted recent price weakness appears more linked to leverage-driven liquidations and broader risk-off sentiment among traders than to aggressive distribution by large holders.

Technical indicators show a fair value gap created during the late-2024 rally between roughly $0.63 and $1.00. Visible-range volume data places the highest traded volume near $0.52–$0.55. A five-year ascending trendline is projected to intersect the price near $0.60–$0.65 in the coming months.

Some traders identify $1.00–$0.60 as an accumulation band. Trader Crypto Patel flagged $1.00 to $0.60 as a preferred buying range, while analyst Javon Marks projects a long-term breakout target of $15–$18.

Market participants are watching the $0.65 area as a support inside the $0.65–$1.00 zone, citing traded-volume concentrations and the trendline intersection as reasons for interest in accumulation at those levels.

Network fees are commonly used as a proxy for transaction demand because higher total fees imply heavier network usage. The realized profit-to-loss ratio aggregates whether coins changing hands are being sold above or below their acquisition cost.