XRP: Network Fees Plunge 91.5% From Feb 2025 Peak

Glassnode data shows the 90D-SMA of total fees on the XRP network dropped from 5.9k XRP in Feb 2025 to 0.5k XRP, a 91.5% decline that marks near-total contraction in organic transaction demand since the speculative peak.

Price action at $1.16 sits below the EMA50 resistance at $1.18 and well under the EMA200 at $1.3, locking in a bearish trend structure. With the MACD golden cross at 0.0 and RSI neutral at 50.51, the pair trades inside the Bollinger Bands where the upper band at $1.2 caps upside; any push into that resistance zone should trigger a retracement toward the $1.18 EMA50 support before the next directional move.