XRP Under Pressure as XRPL Fees Return to 2020 Levels and Futures Open Interest Sinks 60%

On 11 December 2025, XRP came under renewed selling pressure as activity on the XRP Ledger and in derivatives markets weakened. Network fee revenue has fallen back to levels last seen in December 2020, while futures open interest has dropped by nearly 60% and funding rates have moved toward neutral. Analysts warn that with a bearish chart pattern forming and demand fading both on-chain and in futures, XRP could be vulnerable to a deeper corrective move.