XRP On-Chain Demand Falls 91.5% as Traders Watch $0.65 Support
11 Jun 2026 · 01:35 UTC · Crypto Breaking News RSS Feed · Original source
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Summary
XRP's on-chain activity has significantly cooled following its mid-2025 price surge. According to Glassnode's latest metrics, the 90-day average of XRP network transaction fees has dropped dramatically to approximately 500 XRP from about 5,900 XRP in February, representing a 91.5% decline in network activity. This sharp decrease indicates a substantial slowdown in on-chain demand and transaction volume, suggesting reduced network participation and utility following the recent price rally. Market participants are actively monitoring XRP's $0.65 support level as a critical technical floor that could determine near-term price direction. The combination of weakening on-chain fundamentals and technical support under pressure has created bearish conditions for XRP and potentially broader altcoin sentiment.
Why it matters
The causal mechanism is straightforward: declining on-chain activity reflects reduced economic activity on the XRP network, translating to bearish technical pressure as traders reassess value. Glassnode data is widely monitored by institutional and retail traders, so the 91.5% decline serves as a bearish signal feeding sentiment-driven selling. The emphasis on $0.65 support creates a binary technical event—holding reinforces stability, while breaking triggers stop-loss cascades. Key assumptions: (1) Glassnode metrics accurately represent genuine activity decline; (2) the $0.65 level is technically significant to market participants; (3) XRP weakness signals broader altcoin sector deterioration. Uncertainties include: on-chain data is retrospective and may already be priced in; the 91.5% decline lacks context on whether February was unsustainably elevated; support levels are self-fulfilling only if traders treat them as such; no root cause provided for the decline. Bitcoin impact is muted because individual altcoin metrics rarely move macro crypto sentiment—Bitcoin responds more to regulatory, macro, or systemic events. Confidence remains moderate (0.3-0.6) because this represents backward-looking analysis rather than forward-looking catalytic events. The source credibility is low (0.2), though underlying Glassnode data is reliable.
Expected impact
XRP's on-chain activity has plummeted 91.5%, with network fees dropping from approximately 5,900 XRP in February to 500 XRP, signaling sharply reduced transaction demand and network participation following the mid-2025 price surge. This significant decline in on-chain metrics typically precedes or confirms price weakness, as it reflects fundamental deterioration in network utility and economic activity. Market participants are closely watching XRP's $0.65 technical support level as a critical floor—if breached, it could trigger cascading selling pressure from leverage liquidations and technical trend followers. For the broader altcoin sector, XRP weakness signals deteriorating risk sentiment that could spread to other major altcoins, though Bitcoin should remain relatively insulated from single-asset data points. The impact is most pronounced in daily to weekly timeframes where technical levels and sentiment trends materialize, while minute-to-hour impacts depend on whether traders actively execute near the support level. The sustained decline in on-chain activity suggests a structural shift in XRP's demand profile that could drive longer-term weakness.