Xrp Transaction Fees Drop 89%: Is Price Headed Below $1.75? 2025

XRP price risked a 15% drop to as low as $1.73, fuelled by collapsing transaction fees, reduced speculator appetite and a weakening technical structure.

XRP’s (XRP) drop toward $2 was preceded by a significant drop in transaction fees, which analysts said may fuel a deeper price correction.

XRP transaction fees have dropped to 650 XRP per day, levels last seen in December 2020.

The total daily transaction fees on XRP Ledger (XRPL) have dropped significantly since the beginning of the year, according to onchain data provider Glassnode.

Related: XRP needs a Solana-style strategy to keep up: Ripple executive

The total fees paid daily on XRP have dropped to about 650 XRP per day from 5,900 XRP per day on Feb. 9, Glassnode said in a Thursday post on X, adding:

The drop in transaction fees coincides with a sharp drop in XRP’s futures open interest (OI), which has fallen to 0.74 billion XRP from 1.75 billion XRP in early October, representing a 59% flush-out.

Paired with the funding rates dropping to 0.001% from 0.01% (7D-SMA), this suggests reduced confidence among derivatives traders in XRP’s ability to recover.

As Cointelegraph reported, social sentiment toward XRP has tanked into the “fear zone,” the most FUD since early October, but some analysts say such a drop could be a precursor for a massive rally in XRP price, as seen in the past.

Price technicals for the XRP/USD pair are also showing a potential risk of dropping lower if it completes a descending triangle pattern.

Source: CoinTelegraph