XRP Ledger's Slump Continues with Declining Network Activity

XRP Ledger's performance in 2026 has taken a significant hit, according to recent on-chain data from Glassnode. The data reveals declining network activity and growing investor losses, indicating a weakening demand for the cryptocurrency.

The realized profit-to-loss ratio has dropped to 0.38, suggesting that investors are realizing more loss than profit. This is a concerning trend, as it indicates that investors may be selling their XRP holdings, putting additional pressure on the market.

Furthermore, daily transaction fees have plummeted by over 90%, signaling reduced user engagement and further contributing to the decline in network activity. These factors suggest limited prospects for a quick price recovery for XRP this year.