前市場推動者：XRP價格下跌，儘管SEC下降了類似的索賠

俄勒岡州總檢察長辦公室宣布將復興SEC駁回針對Coinbase的訴訟的版本時，加密貨幣的法律環境在周五變得更加動盪。

However, amid the gloom, market watchers are pointing to potential bullish catalysts—particularly from Asia and institutional developments—that could breathe new life into the Ripple crypto asset.

然而，在憂鬱之中，市場觀察家指出了潛在的看漲催化劑（尤其是來自亞洲和機構發展），這些催化劑可能會向Ripple Crypto Asset呼吸新的生命。

Coinbase Case Revival Stirs Regulatory Fears

Coinbase案件復興激發了監管恐懼

The legal environment for cryptocurrencies turned more volatile on Friday when the Oregon Attorney General’s office announced it would revive a version of the S.E.C.’s dismissed lawsuit against Coinbase (NASDAQ:COIN). This move has reignited concerns that regulatory challenges may persist or even intensify, potentially spilling over into other high-profile crypto cases, including the closely watched Ripple lawsuit.

俄勒岡州總檢察長辦公室宣布將恢復SEC駁回針對Coinbase（NASDAQ：COIN）的訴訟版本時，週五的加密貨幣法律環境變化了。這一舉動重新激發了監管挑戰可能會持續甚至加劇的擔憂，可能會滲透到其他備受矚目的加密案件中，包括密切關注的波紋訴訟。

Oregon’s Attorney General is reviving legal action against Coinbase over alleged unregistered securities, despite the S.E.C dropping similar claims. Source: CryptosRus via X

俄勒岡州的總檢察長正在對Coinbase恢復針對未註冊證券的法律訴訟，儘管SEC提出了類似的索賠。資料來源：通過x隱腦

Coinbase Chief Legal Officer Paul Grewal criticized the move sharply, saying, “The Oregon Attorney General is resurrecting the dead by bringing a copycat case of the S.E.C.’s enforcement action against Coinbase. This type of political jockeying is an embarrassing waste of taxpayer dollars.” He also noted that the A.G.’s office signaled it would pick up where Gary Gensler’s S.E.C left off.

Coinbase首席法律官Paul Grewal急劇批評這一舉動，他說：“俄勒岡州檢察長通過提出SEC針對Coinbase的執法訴訟的複制案件來復活死者。這種類型的政治賽馬是令人尷尬的浪費納稅人的浪費。”他還指出，AG的辦公室標誌著它將在加里·加斯勒（Gary Gensler）的SEC停止的位置接收。

The incident casts a shadow over Ripple’s legal situation as well, suggesting that even if the S.E.C Ripple lawsuit concludes in New York, similar enforcement actions could be launched in other states. Legal experts argue this raises the possibility of prolonged regulatory headwinds for XRP and the broader Ripple market.

該事件也對Ripple的法律局勢也蒙上了陰影，這表明，即使SEC Ripple訴訟在紐約結束，其他州也可以採取類似的執法行動。法律專家認為，這增加了XRP和更廣泛的波紋市場長期監管逆風的可能性。

XRP Price Performance: Recent Sell-Off and Technical Signals

XRP價格性能：最近的拋售和技術信號

The XRP price has suffered a notable correction in recent weeks, sliding from a peak of $3.40 in January to as low as $1.64. As of Friday, it hovered around $2.06—marking a four-day losing streak, down 0.23% on the day.

最近幾週，XRP價格從1月份的3.40美元下滑到低至1.64美元的高峰。截至週五，它徘徊在2.06美元左右，標記為四天的連勝紀錄，當天下降了0.23％。

Ripple (XRP) was trading at around $2.08, up 1.19% in the last 24 hours at press time.

Ripple（XRP）的交易價格約為2.08美元，發稿時24小時內增長了1.19％。

Analysts attribute the recent XRP price downturn to a broader derisking trend in global markets. While the Ripple currency price has dropped more than 40% from its highs, it remains relatively resilient compared to other altcoins, supported by strong fundamentals and institutional interest.

分析師將最近的XRP價格下滑歸因於全球市場的更廣泛的危險趨勢。儘管波紋貨幣價格從其高點降低了40％以上，但與其他山寨幣相比，它仍然相對彈性，並得到強大的基本面和機構利益的支持。

XRP’s chart currently shows a bearish bias, although an inverse head-and-shoulders pattern suggests a possible 27% upside to $2.78, provided the $2.00 support level holds. If that level fails, technical analysts are watching $1.75 and $1.40 as key zones where past accumulation occurred.

XRP的圖表目前顯示出看跌的偏見，儘管逆肩和股模式表明，只要$ 2.00的支持水平持有，可能會有27％的上漲空間至2.78美元。如果該級別失敗，技術分析師將以$ 1.75和1.40的價格作為過去累積的關鍵區域。

Ripple vs. SEC: Temporary Pause, Possible Settlement

Ripple vs. SEC：臨時停頓，可能的解決方案

There’s a silver lining in the Ripple lawsuit. On Wednesday, a U.S. appellate court granted a joint motion by Ripple and the S.E.C to pause appeal proceedings for 60 days. The S.E.C must now provide a status report by June 15. This development gives Ripple some much-needed breathing space and suggests that both parties are nearing a possible settlement.

波紋訴訟中有一線希望。週三，美國上訴法院批准了Ripple和SEC暫停上訴程序60天的聯合動議。 SEC現在必須在6月15日之前提供身份報告。這一發展為連鎖反應提供了一些急需的呼吸空間，並暗示雙方都接近可能的解決方案。

Kaiko Research experts believe approval to be more probable for XRP ETFs than for other similar products for altcoins like Solana or Cardano.

Kaiko研究專家認為，與Solana或Cardano等AltCoins相比，XRP ETF的認可比其他類似產品更有可能。

A successful launch of an ETF would significantly boost Ripple’s market liquidity and attract institutional capital. Such hope is also highlighted by Ripple’s long-established history of ties with global financial institutions and ongoing negotiations with industry leaders, such as the Ripple Bank of America partnership.

ETF成功推出將大大提高Ripple的市場流動性並吸引機構資本。 Ripple悠久的與全球金融機構的關係以及與行業領導人（例如Ripple Bank of America Partnership）的持續談判的歷史也強調了這種希望。

Asian Markets and Historical Context Offer Hope

亞洲市場和歷史背景提供希望

Despite recent setbacks, some analysts point to Asia as a potential growth driver for XRP. Historically, XRP has seen strong adoption and trading volume in Asian markets, particularly in Japan and South Korea. A favorable policy environment in these regions could counterbalance Western regulatory uncertainty.

儘管最近遇到了挫折，但一些分析師將亞洲指向XRP的潛在增長動力。從歷史上看，XRP在亞洲市場，尤其是在日本和韓國中有強大的採用和交易量。在這些地區，一個有利的政策環境可能會平衡西方監管不確定性。

Ripple is backing Asia’s first XRP investment fund in Japan, giving institutional investors regulated exposure without directly holding the asset. Crypto Eri ~ Carpe Diem via X

Ripple正在支持亞洲在日本的第一個XRP投資基金，這使機構投資者在不直接持有資產的情況下進行了監管。 crypto eri〜carpe diem通過x

Veteran investors are also urging calm by drawing parallels to the COVID-era crash. As market analyst Abdullah Nassif pointed out, those who held XRP through the lows of 2020, when it traded at $0.11—were rewarded with over 30x returns by 2025. That historical perspective continues to fuel long-term optimism.

資深投資者還敦促通過將相似之處與Covid-era墜毀相似。正如市場分析師阿卜杜拉·納西夫（Abdullah Nassif）所指出的那樣，那些在2020年低點的XRP持有XRP的人的交易價格為0.11美元，到2025年獲得了30倍的回報。這一歷史觀點繼續助長了長期樂觀。

“XRP has weathered many storms,” noted one analyst, “and its resilience in past cycles suggests it may still have millionaire-making potential.” While there’s no guarantee history will repeat itself, the strength of the Ripple ledger and its growing global utility provide a solid foundation for future growth.

一位分析師指出：“ XRP遭受了許多風暴的風暴，並且過去週期中的彈性表明它可能仍然具有百萬富翁的潛力。”儘管沒有保證的歷史會重複出現，但波紋分類帳的實力及其不斷增長的全球公用事業為未來的增長奠定了堅實的基礎。

Final Thoughts

最後的想法

XRP’s immediate outlook remains mixed. Legal uncertainties, macroeconomic pressure, and revived regulatory threats like the Coinbase case weigh on investor sentiment. Yet, the potential resolution of the Ripple SEC lawsuit, pending ETF approvals, and strategic international momentum offer genuine reasons for optimism.

XRP的直接前景仍然好壞參半。法律上的不確定性，宏觀經濟壓力和恢復的監管威脅，例如Coinbase案對投資者的情緒權衡。然而，波紋SEC訴訟的潛在解決，即將批准的ETF批准和戰略國際勢頭，這為樂觀態度提供了真正的理由。

As the crypto

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