Ripple’s 89% Fee Crash Hints At XRP's Oversold Price Bounce

The Total Fees Paid metric on XRP’s Ledger has dramatically plummeted by over 89% since February. Dwindling all the way from 5,900 Ripple coins to just 650 on average today. The gap in garnered fees suggests a calmer activity on Ripple’s (XRP) native chain, even though the OG altcoin has witnessed several exchange-traded fund (ETF) launches. https://twitter.com/glassnode/status/1998952150244995291 However, solid figures beyond $900 million didn’t reflect on the on-chain activity, while the social media sentiment is still negative. While Glassnode’s analysis hints at the lowest activity since December 2020, Santiment’s data reveals this type of sentiment paired with a stagnant

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