Ripple 的 AMM 更新表現平淡：XRP 價格在市場困境中保持不變

儘管 XRP Ledger 實施了「fixAMMOverflowOffer」修正案，導致 AMM 功能恢復並給 XRP 帶來潛在的通貨緊縮影響，但由於需求減少和比特幣貶值的影響，該代幣的價格仍然停滯不前。

Ripple's AMM Update Fails to Boost XRP Price Amidst Market Downturn

在市場低迷的情況下，Ripple 的 AMM 更新未能提振 XRP 價格

San Francisco, California - Ripple, the blockchain technology company known for its cross-border payment solution, has announced the activation of its 'fixAMMOverflowOffer' amendment on the XRP Ledger (XRPL). The upgrade aims to enhance the functionality of the Automated Market Maker (AMM) on the XRPL, potentially leading to increased liquidity for assets and a deflationary effect on XRP.

加州舊金山 - 以跨境支付解決方案聞名的區塊鏈技術公司 Ripple 宣布啟動 XRP Ledger (XRPL) 的「fixAMMOverflowOffer」修正案。此次升級旨在增強 XRPL 上自動做市商 (AMM) 的功能，可能會增加資產流動性並對 XRP 產生通貨緊縮效應。

However, despite the technical significance of the update, the XRP token has not exhibited any significant reaction in the market. In fact, the price has declined further since its implementation, mirroring the broader market downtrend triggered by Bitcoin's depreciation.

然而，儘管此次更新具有技術意義，但 XRP 代幣並未在市場上表現出任何重大反應。事實上，自實施以來價格進一步下跌，反映了比特幣貶值引發的更廣泛的市場下跌趨勢。

Technical Enhancements

技術改進

The 'fixAMMOverflowOffer' amendment addresses previous limitations in handling large synthetic AMM offers on the XRPL. It enables the network to process these offers more efficiently, potentially improving liquidity for assets traded on the ledger. Furthermore, AMMs serve as smart contracts that facilitate automated market making, thereby enhancing the accessibility and price stability of digital assets.

「fixAMMOverflowOffer」修正解決了先前在 XRPL 上處理大型合成 AMM 報價的限制。它使網路能夠更有效地處理這些報價，從而有可能提高帳本上交易資產的流動性。此外，AMM 作為智慧合約，可以促進自動化做市，從而提高數位資產的可近性和價格穩定性。

Deflationary Implications

通貨緊縮的影響

The upgrade also has deflationary implications for XRP. AMMs on the XRPL are designed to burn XRP tokens as fees for liquidity provision, reducing the overall supply of the token. This mechanism is intended to create a positive feedback loop, where increased demand for liquidity leads to decreased XRP supply, potentially supporting the token's price appreciation in the long run.

此次升級也會對 XRP 產生通貨緊縮影響。 XRPL 上的 AMM 旨在銷毀 XRP 代幣作為提供流動性的費用，從而減少代幣的整體供應。該機制旨在創建一個正向回饋循環，其中流動性需求增加導致 XRP 供應減少，從長遠來看可能支持代幣的價格升值。

Lackluster Response

反應平淡

Despite the potential benefits of the AMM update, the market has not responded favorably to the news. XRP's price has remained relatively stagnant, failing to sustain a meaningful upward momentum. This lack of reaction may be attributed to the broader market sentiment, which has been bearish for cryptocurrencies in recent months.

儘管 AMM 更新有潛在的好處，但市場對此消息的反應並不正面。 XRP 的價格仍然相對停滯，未能維持有意義的上漲勢頭。這種缺乏反應可能是由於更廣泛的市場情緒，加密貨幣近幾個月來一直看跌。

Diminished Development Activity

開發活動減少

In addition to the subdued price performance, XRP's development activity has also shown signs of decline. According to data from Santiment, a blockchain analytics platform, development activity on the XRPL has been trending downward. This suggests that developers are not actively contributing to the network's growth, which could potentially hinder its long-term prospects.

除了價格表現低迷之外，XRP 的開發活動也出現了下降的跡象。根據區塊鏈分析平台 Santiment 的數據，XRPL 的開發活動一直呈現下降趨勢。這表明開發商沒有積極為網路的成長做出貢獻，這可能會阻礙其長期前景。

Network Growth Stagnation

網路成長停滯

Network growth, another metric that measures the adoption and engagement within a blockchain ecosystem, has also been underwhelming for XRP. Network growth tracks the number of new addresses interacting with the ledger. Its decline indicates a lack of traction, implying that the XRP ecosystem is not attracting new entrants.

網路成長是衡量區塊鏈生態系統內採用和參與度的另一個指標，但 XRP 也表現不佳。網路成長追蹤與帳本互動的新位址的數量。它的下跌表明缺乏吸引力，這意味著 XRP 生態系統沒有吸引新進入者。

Liquidation Levels

清算水平

Despite the broader market downtrend, an analysis of liquidation levels suggests a potential bullish bias for XRP. Liquidation levels represent price points where large liquidation events may occur. At present, there is a lack of substantial liquidity between $0.60 and $0.61. This suggests that there may be minimal liquidations at these levels. However, if the token's price rises above $0.63, a significant number of positions could be liquidated.

儘管市場整體呈下跌趨勢，但對清算水準的分析顯示 XRP 有潛在看漲傾向。清算水準代表可能發生大規模清算事件的價格點。目前，0.60至0.61美元之間缺乏大量流動性。這表明在這些水平上可能存在最少的清算。然而，如果代幣價格上漲至 0.63 美元以上，大量部位可能會被清算。

Positive Sentiment for Long Positions

多頭頭寸的正面情緒

The Cumulative Liquidation Levels Delta (CLLD) indicator also indicates a favorable sentiment for long positions. The CLLD measures the difference between the cumulative value of longs and shorts liquidated. As of now, the CLLD is negative, suggesting that there have been more short liquidations than long liquidations. This indicates that the market may be biased towards an XRP price increase.

累積清算水平德爾塔（CLLD）指標也顯示了多頭部位的有利情緒。 CLLD 衡量清算的多頭和空頭累積價值之間的差異。截至目前，CLLD 為負，表示空頭清算多於多頭清算。這表明市場可能傾向於 XRP 價格上漲。

Conclusion

結論

While the 'fixAMMOverflowOffer' amendment is a significant technical upgrade for the XRP Ledger, it has not had an immediate impact on the token's price. The market's negative sentiment and broader macroeconomic headwinds have contributed to XRP's lackluster performance. However, the token's bullish liquidation levels and positive CLLD signal suggest that a price increase may be possible in the future, provided that the market conditions improve.

雖然「fixAMMOverflowOffer」修訂是 XRP Ledger 的重大技術升級，但它並沒有對代幣的價格產生直接影響。市場的負面情緒和更廣泛的宏觀經濟阻力導致了 XRP 的表現不佳。然而，該代幣的看漲清算水平和積極的 CLLD 訊號表明，只要市場狀況改善，未來價格可能會上漲。