On-chain data shows XRP Ledger payment volumes have fallen nearly 90% from an early-February peak after a brief spike to multibillion-unit daily levels. The collapse indicates weakening transactional demand; XRP price is trading inside a wider downward channel with key moving averages acting as resistance and recent bounces occurring on muted volume. The article warns prolonged low payment activity could erode institutional confidence, though volumes may recover quickly if exchange flows, remittance channels or liquidity providers resume normal operations. Traders are advised to monitor on-chain payments metrics and price structure for signs of stabilization or further downside.

On-chain data shows payment volumes down almost 90% from the early-February peak; price action mirrors weakening utility (downward channel, moving averages as resistance, low-volume bounces). The facts point to reduced transactional demand that could pressure market sentiment but also note a possible quick recovery if flows resume.