波紋（XRP）的供應大幅下降，可能導致供應衝擊，進而導致價格逆轉。

XRP令牌保留在交易所上的XRP代幣下降到27.3億，並在2023年7月可見。

The supply of Ripple (XRP) saw a substantial drop that could result in supply shock which could in turn cause price reversal.

波紋（XRP）的供應大幅下降，可能導致供應衝擊，進而導致價格逆轉。

XRP tokens reserved on exchanges declined to 2.73 Billion and maintained this same low seen in July 2023.

XRP令牌保留在交易所上的XRP代幣下降到27.3億，並在2023年7月可見。

The total XRP tokens held by Binance reached 2.73 Billion—a low point that exceeded 3.27 Billion in late 2024 showing 540 Million less tokens.

Binance持有的XRP代幣達到了27.3億，在2024年底，低點超過32.7億，顯示了少5.4億個令牌。

Exchange reserves typically decreased as investors transferred their tokens into private wallets as this behavior showed interest in long-term storage along with decreased market selling.

由於投資者將其代幣轉移到私人錢包中，因此交換儲量通常會減少，因為這種行為表現出對長期存儲的興趣以及市場銷售的減少。

The continuous decline in XRP supply could possibly trigger a supply shock which might lead to an upward price reversal for XRP.

XRP供應的持續下降可能會引發供應衝擊，這可能會導致XRP的上價逆轉。

> "The reduced exchange reserves may not create enough market strengthening as the majority displayed negative sentiment. The future potential of XRP price could be supported by accumulating scarcity if owners continued buying the digital asset."

>“由於大多數表現出負面情緒，減少的交換儲量可能不會產生足夠的市場加強。如果業主繼續購買數字資產，則可以通過積累稀缺性來支持XRP價格的未來潛力。”

The bullish outlook requiring validation would require price to sustain its upward movement above critical barriers of resistance.

需要驗證的看漲前景將需要價格以維持其向上的移動，而不是抵抗的關鍵障礙。

XRP’s dropping exchange supply was an indication for price growth but failed to provide conclusive evidence without market confirmation.

XRP的交換供應量的下降是價格增長的跡象，但未能在沒有市場確認的情況下提供確定的證據。

Discussing the technical side of XRP, Ben Armstrong, a crypto influencer, explained that a shift in open interest was an essential aspect to consider.

加密影響者本·阿姆斯特朗（Ben Armstrong）討論了XRP的技術方面，他解釋說，開放興趣的轉變是要考慮的重要方面。

However, XRP saw an essential shifts in open interest. The open interest level dropped by 70% from around $2.5B in late 2024 to $0.8B.

但是，XRP看到了開放興趣的基本轉變。開放利息水平從2024年底的2.5B美元左右下降了70％，至$ 0.8B。

XRP’s leverage also decreased alongside speculative interest diminished thus leading to the market drop. Also, the funding rates turned negative sometimes, indicating bearish sentiment.

XRP的槓桿作用也隨著投機利益的減少而下降，從而導致市場下降。此外，資金率有時會變成負面影響，表明看跌情緒。

Additionally, XRP saw a price peak at the same time social engagement hit its highest point. Social engagement together with hype generated significant changes to the market price before its increase.

此外，XRP的價格峰同時達到了社會參與的最高點。社會參與以及炒作在上漲之前會對市場價格產生重大變化。

The decline of social engagement led to a simultaneous price decrease which established the vital role of social metrics.

社會參與的下降導致同時價格下降，從而確立了社會指標的重要作用。

Future open interest decreases may lead to less price volatility yet showed indications of price stability.

未來的開放利息下降可能會導致價格波動較小，但顯示出價格穩定的跡象。

A strong market reset might happen now as the open interest rates remained low while prices were rising as long as the social industry picked up momentum again.

隨著開放利率仍然很低，只要社會工業再次獲得動力，就可能會發生強大的市場重置。

However, the altcoin faced potential hurdles to maintain bullish price growth as both metrics showed a lack of fresh momentum.

但是，由於兩個指標都缺乏新的動力，因此Altcoin面臨維持看漲價格增長的潛在障礙。