XRP is moving through a difficult phase right now. The price has lost the two dollar level two times and the chart shows a weak structure. Even with this weakness some traders still believe that long periods of sideways action can lead to fresh interest later. History has shown that XRP often spends a lot of time in a tight range before any strong move happens. This keeps some hope alive but the data behind the network tells a different story that is hard to ignore.
On chain activity has slipped sharply. The total fees paid each day on the XRP network were close to five point nine thousand in early February. Now the level has dropped to around six hundred fifty XRP each day. This fall is close to eighty nine percent. It also brings the network back to activity levels last seen in late twenty twenty. This is a clear signal that fewer people are using the network for real transactions. When fees fall this far it often means that network use is slowing down and that the activity is not growing with the price.
The same trend shows up in the total value locked on the XRP chain. The amount has moved down to around seventy million dollars. When value locked goes down it usually tells us that less money is staying inside the network. This also means that people are not using the chain to build deep liquidity. With less liquidity it becomes harder for the price to move with strength. It also suggests that the network is not pulling in steady user demand.
Some large players might still be buying. Their interest can support the price for short periods. Even so the fall in daily fees and the lower value locked tell us that real use among normal users is weak. This creates a gap between what traders hope for and what the network is showing in real numbers. When that gap grows it can lead to slow price action. The market may stay locked in a range until people come back to the network and start using it again.
The picture becomes even more clear when we look at the last few months. Price levels have not held well. Attempts to break out have failed more than once. Without strong usage behind the token any rise becomes hard to support. Traders may look at historical patterns but history alone cannot move a market. A network needs fresh activity and fresh users to build strong moves.
In simple terms the XRP network is quiet at the moment. The low fees show that not many users are processing activity. The lower value locked shows that fewer people are keeping funds on the network. This gives a signal that the recent buying might be more about trading ideas than about trust in the network itself.
With all these signs put together XRP may stay in a narrow range for some time. A real change can only come when network use grows again and when people start sending value and building activity on the chain. Until then the token looks set to move sideways with short bursts of action but not a strong push.
