儘管SEC撤銷了訴訟，但XRP價格崩潰了

唐納德·特朗普總統的連任和現任形式證券交易委員會（SEC）主席加里·金斯勒（Gary Gensler）辭職的消息幫助XRP Soar

President Donald Trump’s re-election and the news that the now-former Securities and Exchange Commission (SEC) Chair Gary Gensler would resign helped XRP soar from about $0.51 to January highs near $3.31 for a 549% rally.

總統唐納德·特朗普（Donald Trump）的連任和新聞報導，即現在的形式證券交易委員會（SEC）主席加里·蓋斯勒（Gary Gensler）將辭職，幫助XRP從0.51美元到1月的高點，達到549％的集會，接近3.31美元。

Events in the subsequent months provided substantially fewer tailwinds, with even the SEC’s watershed decision to abandon its lawsuit against Ripple Labs triggering only a short-lived rally.

在接下來的幾個月中，事件提供了較少的尾風，甚至SEC的分水嶺決定放棄對Ripple Labs的訴訟，僅觸發短暫的集會。

In fact, though the immediate reaction to the news was positive and led to a 14.35% rally from March 18 lows near $2.23 to March 19 highs near $2.55, sending the token’s market capitalization to $149.18 billion, subsequent trading proved something of a bloodbath.

實際上，儘管對該新聞的直接反應是積極的，並且從3月18日的低點到2.23美元到3月19日高達2.55美元，導致了14.35％的集會，將令牌的市值降低到1491.8億美元，但隨後的交易證明了一些血腥的交易。

Specifically, XRP erased $11.4 billion within just 48 hours despite it shedding arguably the biggest bearish factor that kept it depressed since the lawsuit was first filed in 2021, per the data Finbold retrieved from CoinMarketCap on March 21.

具體而言，XRP在短短48小時內撤消了114億美元，儘管可以說是自3月21日從CoinMarketCap檢索到的數據Finbold，這是自2021年首次提起的最大看跌因素，使其保持沮喪。

XRP proves susceptible to wider crypto market headwinds

XRP證明對更廣泛的加密市場受到影響

The same phenomenon affected the entire cryptocurrency market, though the effect was somewhat delayed. The cumulative valuation of digital assets soared from $2.62 trillion on March 18 to a March 20 high of $2.81 trillion. By press time on March 21, the figure diminished by some $110 billion and stands at $2.7 trillion.

同樣的現象影響了整個加密貨幣市場，儘管效果有些延遲。數字資產的累積估值從3月18日的2.62萬億美元飆升至3月20日的高點2.81萬億美元。到3月21日發稿時，該數字減少了約1,100億美元，達到2.7萬億美元。

Generally, the cryptocurrency market appears entirely affected by the same fear that has gripped stock investors and led to a significant equity selloff and, if gold’s price movements are to be used as a gauge, a flight to the safety of commodities.

通常，加密貨幣市場似乎完全受到了股票投資者的恐懼並導致股票銷售的恐懼，如果要將黃金的價格變動用作量規，則是通往商品安全的航班。

While President Trump’s protectionist tariffs may yet prove positive in the long run, in the short term, they have ensured traders are uncertain about their investments, consumers are uncertain about the prices of necessary goods, and analysts are speculating if the U.S. is already in a recession.

儘管從長遠來看，特朗普總統的貿易保護主義關稅可能仍證明是正面的，但他們確保交易者不確定其投資，但消費者不確定必要商品的價格，分析師猜測美國是否已經處於衰退中。

Still, not all headwinds can be directly linked to the commander-in-chief. Breakthroughs in China have shaken the increasingly important technology sector, a shift that had a spillover effect into other industries and is, by all accounts, visible among digital assets.

儘管如此，並非所有逆風都可以直接鏈接到總司令。中國的突破已經動搖了日益重要的技術領域，這種轉變對其他行業產生了溢出的影響，並且在數字資產之間是可見的。

Long-term picture remains bullish for XRP

長期圖片仍然是XRP的看漲

Despite the turmoil and the likely short-term disappointment many XRP bulls might be feeling, it is worth pointing out that the token remains substantially above the levels it had been maintaining for years.

儘管動盪和可能的短期失望，許多XRP公牛可能會感到，但值得指出的是，令牌仍然高於其多年來維持的水平。

Though it is just over 2% down in the last 7 days, the fact it remains 304.03% in the green in the last six months at its press-time price of $2.38 is a major accomplishment and has demonstrated that a long-term bull case remains.

儘管在過去的7天內下降了2％以上，但在過去六個月中，綠色仍以2.38美元的新聞價格在綠色中保持304.03％是一項重大成就，這是一項重大成就，並且已經證明了長期的牛案。