Highlights

XRP's on‑chain activity has contracted sharply since its 2025 peak: the 90‑day average network fees dropped by about 91.5%, and the realized profit‑to‑loss ratio collapsed to 0.38 from highs near 50. Traders and analysts now identify the $1.00–$0.65 zone — and especially near $0.63 — as a key accumulation area, while exchange inflows from large holders have declined, suggesting recent weakness is driven more by leverage liquidations and risk‑off sentiment than broad distribution by whales.

Sentiment Analysis

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  The overall sentiment is mixed to negative: network activity and profitability indicators point to capitulation and reduced transaction demand, reflecting bearish on‑chain dynamics. Visual sentiment strength is shown below to represent the dominant negative tone.
  
  
  

  
  70%
  

  
  
  
  

Article Text

XRP's on‑chain metrics reveal a pronounced slowdown in activity following the token's strong run in the first half of 2025. According to on‑chain analytics, the 90‑day simple moving average of total fees paid on the network has tumbled from roughly 5,900 XRP in February to about 500 XRP, a decline of approximately 91.5%. Network fees are commonly used as a proxy for transaction demand, so this fall indicates a substantial reduction in on‑chain usage since the speculative peak that pushed XRP above $3.

Investor behavior has shifted alongside the drop in fees. The 90‑day realized profit‑to‑loss ratio has dropped to 0.38, which implies that market participants are realizing about $1 in losses for every $0.38 in profits. That ratio previously reached extreme profit‑taking levels near 50 during price highs around $3.40 in early and mid‑2025. The current inversion — more coins being sold at a loss than at a profit — is characteristic of capitulation phases where selling pressure overwhelms prior profit realization.

Exchange flow data provides additional context but a somewhat different angle. Transfers of large XRP amounts to major exchanges have eased since the 2025 peak. Analyst observations show that inflows to Binance from cohorts moving 100,000–1,000,000 XRP and more than 1,000,000 XRP have declined by roughly 15% and 20%, respectively, since October 2025. Historically, sharp inflows from large holders have preceded deep corrections; the absence of such flows suggests that recent price weakness may be more related to leveraged positions being liquidated and a broader risk‑off environment rather than concentrated sell pressure from major holders.

Technically, weekly chart structure highlights a cluster of important levels between $1.00 and $0.65. A fair value gap created during XRP's rapid rally in late 2024 spans about $0.63 to $1.00, and price action has been moving back toward this area after losing support near $1.40. Visible‑range volume profiles show relatively thin trading below current prices until a higher‑volume node around $0.50–$0.65; the point of control — the price with the greatest traded volume — sits near $0.52–$0.55. This concentration of historical volume, together with a multi‑year ascending trendline that projects to intersect near $0.60–$0.65, gives that band added significance.

Some market participants are already treating the $1.00–$0.60 region as an accumulation zone. Several traders and analysts have cited the band as a preferred buying range, while longer‑term bullish scenarios remain in place for those who view the current weak phase as a buying opportunity. Analysts who favor a long‑term breakout narrative continue to target substantially higher price levels, arguing that sustained accumulation in the current zone could set the stage for future rallies. This concentration of technical support and historical volume makes the sub‑$0.65 area especially important for traders monitoring potential bottoms.

In summary, on‑chain and exchange flow indicators point to reduced transaction demand and a shift from profit‑taking to loss realization, consistent with capitulation dynamics. At the same time, declining large‑holder exchange inflows suggest the selling is not solely driven by whale distribution but likely exacerbated by deleveraging and broader market risk aversion. The $1.00–$0.65 band, and particularly the $0.60–$0.65 intersection of volume and trendline support, is being watched as a primary accumulation area where buyers may become more active should price revisit these levels.

Key Insights Table