XRP's average network transaction fee has fallen 91.5% over the past 90 days, Glassnode data confirms. The collapse in fees signals a sharp drop in real transaction demand on the XRP Ledger despite earlier price strength. This isn't a minor fluctuation—it's a near-total erosion of network activity costs.
The Fee Collapse
Glassnode's 90-day rolling average shows fees are now a fraction of what they were three months ago. The 91.5% plunge means users pay almost nothing to move XRP across the network today compared to recent months. This isn't about temporary volatility; it's a sustained drop that's reshaped the cost structure of the blockchain.
Demand Dries Up
Low fees don't happen in busy networks. The data proves fewer people are sending payments or tokens through the XRP Ledger. When transaction demand drops, fees follow. There's no congestion, no rush to settle transfers—just a quiet network with minimal real-world usage. The fee collapse is the symptom, not the cause.
Price and Activity Split
XRP's price had been rising before this fee collapse. Now the token's value and its actual network usage tell different stories. The ledger sees fewer transactions while the token's market performance earlier suggested stronger interest. This disconnect reveals price movements weren't tied to on-chain reality.
The next 90 days will determine whether this fee plunge stabilizes or deepens further.
