XRP在市場湍流中的十字路口

加密貨幣市場是一個永久振蕩的領域，在欣快的高潮和醒目的低點之間，發現XRP處於關鍵時刻。

Cryptocurrency market, a realm perpetually oscillating between euphoric highs and sobering lows, finds XRP at a critical juncture. After a period of promising recovery, the altcoin’s ascent has hit a formidable roadblock at the $2.56 resistance level. This barrier has stubbornly repelled two attempts at a breakout this month, and its persistence is raising concerns about a potential stall in XRP’s bullish momentum.

加密貨幣市場是一個永久振蕩的領域，在欣快的高潮和醒目的低點之間，發現XRP處於關鍵時刻。經過一段有希望的恢復後，Altcoin的上升以2.56美元的阻力水平撞到了一座巨大的障礙。這個障礙在本月的突破中頑固地擊退了兩次嘗試，它的持久性引起了人們對XRP看漲勢頭潛在攤位的擔憂。

This consolidation is a factor of the crypto’s price action, which has seen limited gains despite showing signs of bullish attempts. Two previous tries to pierce through the resistance at $2.56, which is the final level needed to reach $3.00, were quickly snuffed out.

這種合併是加密貨幣價格行動的一個因素，儘管表現出了看漲企圖的跡象，但收益有限。前兩次試圖以2.56美元的價格刺穿電阻，這是達到3.00美元所需的最終水平，很快就被淘汰了。

The failures to breakout come amid an alarmingly high Network Value to Transaction (NVT) ratio that reached a five-year high in January 2020. At the same time, data from blockchain analytics firm Glass Node shows that XRP’s network growth, measured by the rate of new addresses joining the network, dropped to its lowest point in four months.

未能突破的事件出現在2020年1月的交易（NVT）比率高五年的網絡價值（NVT）之上。與此同時，區塊鏈分析公司玻璃節點的數據表明，XRP的網絡增長，通過連接到該網絡的新地址速度衡量，在四個月內下降到最低點。

A high NVT ratio, which compares a cryptocurrency’s market capitalization to the volume of transactions conducted on its network, is typically a good indicator of investor optimism. However, an NVT that is outpacing network activity, which is indicated by low volumes, suggests that investors’ bullishness may not be translating into actual growth and usage of the network.

高NVT比率將加密貨幣的市值與網絡上進行的交易量進行了比較，通常是投資者樂觀的良好指標。但是，一個超過網絡活動的NVT表明，這表明投資者的看漲性可能不會轉化為網絡的實際增長和使用。

This disparity can be a sign of an overheated market, which could be due to initial hype and exuberance that is quickly burning out. In a bear market, a high NVT signals that the market capitalization is decreasing despite a constant transaction volume, which indicates a lack of demand for the cryptocurrency.

這種差異可能是一個過熱市場的跡象，這可能是由於最初的炒作和旺盛而迅速燒毀的。在熊市中，高NVT信號表明，儘管交易量持續不斷，市值正在減少，這表明對加密貨幣的需求不足。

This lack of demand, in turn, could lead to further price declines as sellers outpace buyers. Ultimately, a high NVT in a bear market is a bearish signal, suggesting that the market is overvalued and could be due for a correction.

反過來，由於賣方超過買家，這種需求不足可能會導致進一步的價格下跌。最終，熊市中的高NVT是一個看跌信號，這表明該市場被高估了，可以進行更正。

In the case of XRP, the current NVT suggests that the altcoin’s recent value is being driven by speculative interest. This lack of fundamental support for XRP’s price is a bearish signal, especially in the case of an overheated market, as it indicates that the price is not sustainable in the long term.

就XRP而言，當前的NVT表明，Altcoin的最新價值是由投機性興趣驅動的。缺乏對XRP價格的基本支持是一個看跌信號，尤其是在過熱市場的情況下，這表明價格從長期來看是不可持續的。

The implications of this stalled ascent are multifaceted. It casts doubt on the prevailing bullish narrative, which had been gaining traction in the wake of recent legal victories and regulatory developments. Moreover, it raises the specter of a prolonged consolidation phase, wherein XRP’s price remains confined within a narrow range, frustrating traders and investors alike.

這個失速上升的含義是多方面的。它對現行的看漲敘述產生了懷疑，在最近的法律勝利和監管發展之後，這種敘述一直在吸引人。此外，它提高了一個延長的合併階段的幽靈，其中XRP的價格仍然被限制在狹窄的範圍內，這使交易員和投資者都令人沮喪。

After showing signs of a promising recovery, the hot cryptocurrency has hit a snag in its bullish run. Its rally appears to have stalled at the $2.56 resistance, an important level that marks the final barrier before reaching the coveted $3.00 mark.

在顯示出有希望恢復的跡象之後，熱的加密貨幣在看漲的奔跑中遇到了障礙。它的集會似乎已經停滯在2.56美元的阻力下，這是一個重要的水平，在達到令人垂涎的3.00美元大關之前，標誌著最終的障礙。

Despite showing signs of bullish momentum earier this month, attempts to break above the $2.56-$2.58 resistance have been quickly snuffed out. These failed breakout attempts suggest that the bears are still in control, and that the bulls may need more strength to push through this key resistance zone.

儘管本月表現出了看漲勢頭的跡象，但試圖超越2.56美元至2.58美元的抵抗力的嘗試很快就被淘汰了。這些失敗的突破性嘗試表明，熊仍在控制中，公牛可能需要更大的力量來推動這一關鍵阻力區域。

Moreover, the recent decline in network growth, which is a crucial indicator of a cryptocurrency’s traction in the market, signals a slowdown in the adoption of XRP.

此外，最近網絡增長的下降是加密貨幣在市場上吸引的關鍵指標，這表明採用XRP的採用速度放緩。

A growing number of active addresses typically signifies increased adoption, which in turn drives demand and price appreciation. However, the lack of new address creation suggests that XRP is struggling to attract new investors, which could dampen its long-term outlook.

越來越多的主動地址通常表示採用的增加，這反過來促進了需求和價格升值。但是，缺乏新的地址創建表明XRP正在努力吸引新的投資者，這可能會削弱其長期前景。

This lack of incentive for new investors to join the network can be attributed to several factors, including regulatory uncertainties, competition from other cryptocurrencies, and the prevailing market conditions.

新投資者加入該網絡的動力缺乏動力可以歸因於幾個因素，包括監管不確定性，其他加密貨幣的競爭以及現行的市場狀況。

However, a lack of adoption ultimately hinders a crypto’s price growth and raises concerns about its long-term viability, especially in a bear market where every bit of bullish strength matters.

但是，缺乏收養最終阻礙了加密貨幣的價格增長，並引起了人們對其長期生存能力的擔憂，尤其是在熊市中，每一個看漲的力量都重要。

The lack of network growth is also a cause for concern because it suggests that the bulls may not have enough strength to break through the key resistance at $2.56. This consolidation phase could continue if the market conditions remain the same.

缺乏網絡增長也引起了人們的關注，因為它表明公牛可能沒有足夠的力量來突破2.56美元的關鍵阻力。如果市場狀況保持不變，則可以繼續進行整合階段。

If the bears manage to push below the critical support at $2.27, then a deeper decline could open up the way for a drop to $2.14 or lower. Such a move would erase a portion of the recent recovery from the lows of $2.00, signaling a strong bearish force.

如果熊隊設法以2.27美元的價格推高關鍵支持，那麼更深的下降可能會以下降至2.14美元或更低的方式開闢道路。這樣的舉動將消除最近從2.00美元的低點回收的一部分，這表明看跌力強大。

The continuation of this downward movement would reinforce the bearish outlook and suggest that the sellers are in complete control. It could lead to a prolonged period of price stagnation or a more rapid selloff, depending on the nature of the market.

這種向下運動的繼續將加強看跌的前景，並暗示賣方完全控制了。根據市場性質，這可能會導致價格停滯的時間長期或更快的拋售。

On the other hand, a breach of the $2.56-$2.58 resistance and a subsequent flip of this level into support would invalidate the bearish thesis and pave the way for a bullish continuation.

另一方面，違反了2.56美元至2.58美元的抵抗力，隨後對此水平進行支持將使看跌論文無效，並為看漲的延續鋪平了道路。

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