XRP Ledger Activity Falls About 90% From Peak but Market Impact Remains Limited

On-chain metrics show XRP Ledger transaction counts and payment volumes have dropped by roughly 90% from earlier highs, yet XRP's price has been sliding in a gradual downtrend rather than collapsing. The market appears to have absorbed this structural decline, leaving a lower baseline of real transfers and infrastructure usage as XRP trades near the bottom of its descending channel with RSI emerging from oversold conditions.