XRP Ledger Gradually Loses 90% of Payments Volume in Two Weeks

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Baseline returned Downtrend continues Advertisement The past two weeks have seen a sharp decline in payments activity, according to XRP on-chain data. According to metrics monitoring payment volume across XRP Ledger, transaction flows between accounts have decreased by almost 90% from their peak in early February, which is one of the most dramatic drops in network usage in recent memory. Baseline returned The volume of daily payments at the start of the period momentarily jumped into the multibillion-unit range, indicating a resurgence of network activity and a rise in utility demand. This momentum, though, was fleeting. Activity has gradually decreased since then, with payment volumes reverting to baseline levels and ultimately plummeting to a small portion of their most recent peaks. XRP/USDT Chart by TradingView Usually a sharp decline like this indicates declining transactional demand as opposed to merely transient volatility. Fewer transfers indicate less utility activity among exchange payment providers, and users interacting with the ledger as payments volume is frequently seen as a stand-in for actual network usage. The price action is also displaying this weakness. HOT Stories Saylor: 'We Are in Crypto Winter' Crypto Market Review: XRP at Make-or-Break $1.50, Shiba Inu (SHIB) Enters Oversold Range, Is BTC Triangle Breakout Incoming? Downtrend continues On the daily chart, XRP is trading within a wider downward channel and has had difficulty establishing any kind of sustained recovery. Key moving averages have not been reclaimed despite recent attempts at a bounce; they are still sloping downward and supporting bearish pressure. Advertisement You Might Also Like Wed, 02/18/2026 - 06:05 Saylor: 'We Are in Crypto Winter' By Alex Dovbnya After recovering from recent lows, the asset is now trading close to a precarious support zone, but the recovery is still technically weak. Compared to previous sell-offs , the volume that accompanied recent upward moves has also been muted, indicating that buyers are being cautious rather than aggressively accumulating. XRP's reputation could worsen if payment activity does not quickly improve. Long-term confidence is typically weakened by decreased network engagement, especially among institutional participants who keep a careful eye on utility metrics. It is not an irreversible matter, though. If exchange flows, remittance channels or liquidity providers resume regular operations, payment volumes can rapidly increase. Advertisement For now traders, should keep a close eye on both on-chain metrics and price structure. Restoring confidence could be indicated by a stabilization or recovery in payments activity, but ongoing weakness could indicate more downward pressure in the coming weeks. #XRP #XRP Ledger