XRP On-Chain Activity Plunges, With $0.65 Emerging as Key Support
Summary
- On-chain data showed XRP’s on-chain activity, fees, and realized profit/loss ratio have plunged, worsening investor profitability.
- At the same time, exchange inflows from wallets holding 100,000 to 1 million XRP and more than 1 million XRP have declined, suggesting the downturn is being driven more by leveraged position liquidations and weakening sentiment than by whale selling.
- From a technical standpoint, the $0.50 to $0.65 range, the $0.63 to $1.00 fair value gap, and the five-year long-term uptrend line all converge, leading some to view $0.60 to $0.65 as a medium- to long-term buying zone, with a long-term price target of $15 to $18.
Forecast Trend Report by Period
XRP’s on-chain activity has slowed sharply since this year’s peak, according to market data cited in a Cointelegraph analysis published June 10.
Glassnode data showed the XRP network’s 90-day average fees fell to about 500 XRP recently from roughly 5,900 XRP in February, a drop of about 91.5%. Network fees are a key on-chain measure of transaction demand. The decline suggests activity has contracted sharply since the overheated first-half rally, when XRP rose above $3.
Investor profitability has also worsened. XRP’s 90-day realized profit/loss ratio fell to 0.38 recently from 50 at the start of the year. That means investors are realizing an average of just $0.38 in profit for every $1 of loss. Glassnode wrote that a significant share of current on-chain transactions is taking place below holders’ cost basis, a pattern often seen during periods of market capitulation.
Large-holder behavior, however, looks somewhat different from past corrections. CryptoQuant analyst PelinayPA found that transfers of more than 1 million XRP into Binance have continued to decline since this year’s peak. Exchange inflows from wallets holding 100,000 to 1 million XRP and from wallets holding more than 1 million XRP have fallen 15% and 20%, respectively, since October 2025.
PelinayPA said XRP’s recent weakness appears to be driven more by leveraged position liquidations and worsening sentiment than by large-scale whale selling. In earlier major downturns, deposits from large wallets to exchanges typically surged. This time, the pattern has moved in the opposite direction.
Technically, the area around $0.65 is attracting attention as a key support zone. Cointelegraph said XRP has entered a phase of filling the $0.63 to $1.00 fair value gap formed during its sharp rally late last year. The analysis also said heavy trading volume is concentrated in the $0.50 to $0.65 range, while XRP’s five-year uptrend line overlaps with that zone.
Some market participants also view $0.60 to $0.65 as a medium- to long-term buying area. Crypto trader Crypto Patel identified $0.60 to $1.00 as a preferred buying range, while analyst Javon Marks has maintained a long-term price target of $15 to $18.
