XRP’s Network Usage Collapse: The Hidden Risks Beneath the Surface

XRP's network activity is flatlining—but the real danger isn't just empty ledgers.

Behind the Scenes: What Happens When a Blockchain Goes Quiet

Transaction volumes cratering? Check. Validators twiddling their thumbs? Double-check. The XRP ledger isn't just sleeping—it's comatose. And while bagholders cling to 'institutional adoption' hopium, the chain's hollowing out raises existential questions.

The Liquidity Trap: Why Thin Networks Spell Trouble

No traders means no liquidity. No liquidity means wild price swings when someone actually moves coins. Suddenly that 'fast and cheap' narrative starts looking shaky when a single whale can bend the order book like a paperclip.

Validator Exodus: The Silent Killer

With fees drying up, what's keeping node operators online? The answer might just be blind faith—and we've seen how that ends in crypto. Remember when 'decentralization theater' was just a conspiracy theory?

Meanwhile in TradFi Land...

Bankers are still getting paid whether the blockchain works or not—some things never change. But for XRP holders banking on a revival? The clock's ticking louder than a proof-of-work miner in a heatwave.

In brief

• The XRP network recorded a 70 % drop in its payment volume in just a few days.
• Fundamental indicators show a worrying decline in the number of users and real demand for the crypto.
• Despite some price stability, technical signals remain weak and lack conviction.
• The return of network activity will be crucial to avoid lasting deterioration of the XRP project.

Network activity in free fall

The alert raised on XRP does not come from a collapse in its price, but from the rapid degradation of its network activity while large XRP investors liquidate $68.5M daily. Indeed, the number of daily payments recorded on the XRP Ledger dropped from about 2.5 million to only 741,501 on June 25, 2025.

A dizzying contraction of 70 % in just a few days, which cannot be ignored. Investor activity has collapsed, according to on-chain metrics, notably data on the number of payments recorded on the XRP Ledger.

Such a situation clearly points to a massive decline in the actual usage of the network. This sharp drop occurs even as some hoped for a restart of activity favored by modestly bullish technical signals.

Thus, this decline in transactional activity becomes worrying. Payments historically represent the central function of the XRP Ledger. Their sudden drop suggests a deeper disenchantment among investors and network operators.

Indeed, this type of on-chain decline is rarely trivial. It is generally accompanied by :

• A decrease in the number of active users, indicating a gradual disengagement of the community and applications ;
• A reduction in transactional utility, hence less relevance of the crypto as a means of transfer ;
• A weakening of overall demand, which mechanically puts pressure on price stability.

Therefore, this is a structural alert signal about the very vitality of the XRP ecosystem.

XRP trapped between technical inertia and stakeholder disengagement

Beyond network figures, XRP also struggles to convince on a purely technical level. Although Ripple’s crypto still remains slightly above its 200-day moving average, it has not succeeded in materializing the faint hopes of a rebound recently seen.

The context remains just as heavy if we rely on technical indicators. The XRP RSI stays positioned just below the neutral threshold, reflecting a total absence of oversold or overbought conditions. This is therefore an apathetic market, without notable buying pressure, but also without panic.

This makes the situation particularly unstable. Under these conditions, the absence of positive catalysts coupled with the decline in real network usage creates an explosive configuration.

XRP currently operates in a zone of great fragility, both technical and fundamental. If the price does not collapse dramatically, it is mainly due to inertia rather than market support. The real risk now is that this fragility becomes self-reinforcing: less activity leads to less confidence, fewer investors, and thus less volume and support. Conversely, a resumption of activity on the Ledger could allow the crypto to rebound, as evidenced by the price increase after Trump’s announcement of a ceasefire between Iran and Israel.

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