$XRPThe network’s 90-day fee average plunged 91.5%, with Glassnode data indicating a sharp decline in demand for real transactions despite previous price strength. The trend suggests that network activity has weakened significantly since the speculative surge, raising questions about the sustainability of the underlying usage.
Key points to remember:
- Glass node reported $XRPThe 90-day network fee average fell 91.5%, signaling sharply declining activity.
- The decline in transaction demand suggests that network usage has weakened significantly since the start of 2025.
- Earlier data showed increased profit-taking and falling profitability for holders, adding pressure.
$XRPFee collapse raises questions about real network demand
$XRPGoogle’s on-chain activity is sounding a sharper warning than price alone shows, with Glassnode data pointing to a deep contraction in network usage. In a June 9, 2026 article on X, the digital asset data, analytics and research company presented the fee cut as a demand signal.
The 90-day simple moving average, or 90D-SMA, tracks the average level of fees paid over the previous 90 days. “The 90D-SMA of the total fees paid on the $XRP The network grew from 5.9K $XRP in February 2025 at 0.5K $XRP Today, a drop of 91.5%,” detailed Glassnode.
The crypto data analysis company said:
“A drop of this magnitude does not constitute an adjustment to market fees. It reflects a near-total contraction in demand for organic transactions on the network since the speculative peak.”
The chart included with post X shows that fees have declined sharply from their peak in early 2025. This pattern suggests $XRPThe speculative phase produced temporary activity, while sustained demand for transactions failed to keep up with the price level.
Older $XRP Data shows why current weakness has deeper roots
In November 2025, Glassnode published separate articles on X highlighting weakening market conditions under $XRPthe high price. These observations suggest that signs of running out of steam appeared months before the sharp drop in network prices highlighted in June 2026.
November. On November 17, 2025, a publication showed that only 58.5% of $XRP the supply remained profitable, the lowest share since November 2024. Despite $XRP trading at nearly $2.15, about four times higher than a year earlier, or 41.5% of supply, or about $26.5 billion $XRPwas still held at a loss, indicating that many investors entered the market at high prices.
Another Glassnode article from November 8, 2025 showed that the volume of profits made increased by approximately 240%, from $65 million per day to $220 million per day, while $XRP fell from $3.09 to $2.30. The increase suggests that investors were locking in gains during a decline rather than a rise, a trend the analytics firm described as a distribution into weakness.
