自11月總統大選以來，XRP（加密：XRP）上漲了300％以上。

自11月總統大選以來，XRP（加密：XRP）上漲了300％以上。但是，XRP最近對關稅不確定性受到了打擊，現在比其52周高3.39美元下降了40％

In November 2024, the presidential election in the U.S. sent shockwaves through the cryptocurrency market. After nearly four years of regulatory uncertainty, the new administration finally brought an end to the SEC lawsuit against Ripple (CRYPTO:XRP).

2024年11月，美國的總統大選通過加密貨幣市場派出了衝擊波。經過將近四年的監管不確定性，新政府終於結束了針對Ripple的SEC訴訟（Crypto：XRP）。

Since then, XRP (CRYPTO:XRP) has skyrocketed more than 300%. However, XRP has recently taken a hit over tariff uncertainty and is now down 40% from its 52-week high of $3.39 in January 2025.

從那時起，XRP（加密：XRP）飆升了300％以上。但是，XRP最近對關稅不確定性受到了打擊，現在比2025年1月的52周高點下降了40％。

So the search is now on for a brand-new catalyst to send XRP higher this year. The good news is that there's a huge new market opportunity valued at more than $200 billion that may have just opened up for XRP.

因此，現在正在搜索全新的催化劑，以使XRP今年更高。好消息是，有一個巨大的新市場機會價值超過2000億美元，可能剛剛為XRP開放。

Obvious XRP catalysts

明顯的XRP催化劑

First, let's consider the obvious catalysts for XRP. The market already knows about these catalysts and has likely fully priced them in by now.

首先，讓我們考慮XRP的明顯催化劑。市場已經知道這些催化劑，並且現在可能已經完全定價了。

The first obvious catalyst is the lifting of regulatory uncertainty around Ripple, the company behind the XRP token. This has been the primary reason why XRP is up 300% since the election. Investors eagerly anticipated the arrival of the pro-crypto policies of the Trump administration, and they have been rewarded for their faith. A long-running Securities and Exchange Commission (SEC) lawsuit against Ripple has been dropped, and it now looks like Ripple can get on with business as usual.

第一個明顯的催化劑是XRP令牌背後的公司圍繞Ripple的監管不確定性提升。這是自選舉以來XRP增長300％的主要原因。投資者急切地期待特朗普政府的親克萊普托政策的到來，他們因信仰而獲得了回報。針對Ripple的長期證券交易委員會（SEC）訴訟已被撤銷，現在看起來Ripple可以照常開展業務。

The second obvious catalyst is a potential spot exchange-traded fund (ETF) launch for XRP sometime in 2025. Several different investment firms have already filed with the SEC for a spot XRP ETF. Currently, analysts estimate the chances of XRP getting a spot ETF in 2025 at upwards of 80%. So, you're not going to surprise the market with this -- it knows the ETFs are coming, and the price of XRP already reflects this information.

第二個明顯的催化劑是2025年某個時候為XRP推出的潛在現貨交換基金（ETF）。幾家不同的投資公司已經向SEC提交了SPOT XRP ETF。目前，分析師估計XRP在2025年以80％以上獲得現場ETF的機會。因此，您不會對此感到驚訝 - 它知道ETF即將到來，XRP的價格已經反映了此信息。

A surprising XRP catalyst

令人驚訝的XRP催化劑

That brings us to the surprising XRP catalyst: the growth of stablecoins in 2025. At this point, you might be scratching your head: What in the world do stablecoins have to do with XRP?Image source: Getty Images.

這使我們進入了令人驚訝的XRP催化劑：2025年穩定菌的生長。此時，您可能正在撓頭：stablecoins與XRP有什麼關係？圖像來源：Getty Images：Getty Images。

As it turns out, a lot. In December 2024, Ripple launched a stablecoin called Ripple USD (CRYPTO: RLUSD). Just like many other stablecoins, it's pegged 1:1 to the U.S. dollar and is primarily a way for institutional investors to get involved with decentralized finance (DeFi). You can think of stablecoins as a way for institutional investors to convert their physical U.S. dollars into digital U.S. dollars so they can be used on the blockchain to generate yield.

事實證明，很多。 2024年12月，Ripple推出了一個名為Ripple USD（加密：RLUSD）的Stablecoin。就像許多其他Stablecoins一樣，它也將1：1固定在美元上，主要是機構投資者參與去中心化財務（DEFI）的一種方式。您可以將Stablecoins視為機構投資者將其實際美元轉換為數字美元的一種方式，以便可以在區塊鏈上使用它們來產生收益。

The growth of the Ripple stablecoin has been off the charts since its launch in December 2024. It now ranks among the top 250 cryptocurrencies in the world, with a market cap of $200 million. And Ripple CEO Brad Garlinghouse thinks that this Ripple stablecoin could become one of the top five stablecoins in the world by the end of 2025.

自2024年12月推出以來，Ripple Stablecoin的增長已經脫離圖表。現在，它在世界上排名前250名加密貨幣之列，市值為2億美元。 Ripple首席執行官布拉德·加林豪斯（Brad Garlinghouse）認為，到2025年底，這種波紋stablecoin可能會成為世界上五個穩定的穩定者之一。

The fifth-largest stablecoin in the world right now has a market cap of $2.5 billion. If the Ripple stablecoin reaches that sort of valuation in 2025, it implies more than 10 times growth over the next 9 months.

目前，全球第五大穩態的市值為25億美元。如果波紋穩定劑在2025年達到這種估值，則意味著在接下來的9個月中增長了10倍以上。

But let's think really big here. The total stablecoin market is now worth more than $200 billion. So what happens if the new Ripple stablecoin claims a 10% market share of this burgeoning market? That would imply a valuation of $20 billion. That's 100 times growth based on today's current market cap of $200 million.

但是，讓我們在這裡真的很大。 Stablecoin市場的總價值超過2000億美元。那麼，如果新的Ripple Stablecoin聲稱在這個新興市場中擁有10％的市場份額，會發生什麼呢？這意味著估值為200億美元。根據當今的2億美元市值，這是100倍的增長。

Will a Ripple stablecoin really help XRP?

漣漪stabablecoin真的有助於XRP嗎？

Of course, there are some potential problems. For one, everyone seems to be talking about stablecoins these days to the point where World Liberty Financial, the crypto company affiliated with the Trump family, is now planning a stablecoin of its own. Going forward, any stablecoin perceived to be backed by President Trump might provide some formidable competition for Ripple.

當然，有一些潛在的問題。一方面，如今，每個人似乎都在談論穩定幣，直到與特朗普家族相關的加密貨幣公司World Liberty Financial現在正在計劃自己的穩定幣。展望未來，任何被特朗普總統支持的穩定者都可能為波紋提供激烈的競爭。

And don't forget about PayPal (NASDAQ:PYPL), which launched a new stablecoin of its own in August 2023. PayPal USD was the first stablecoin launched by a major U.S. financial services company and is currently valued at $800 million. It's now the sixth-largest stablecoin in the world, so Ripple will need to pass PayPal to break into the top five.

而且，別忘了貝寶（NASDAQ：PYPL），該公司於2023年8月推出了自己的新穩定幣。 PayPalUSD是一家美國主要金融服務公司發起的第一家穩定股，目前價值8億美元。現在，它是世界上第六大穩定幣，因此Ripple將需要通過Paypal才能闖入前五名。

Moreover, it's not clear just how much of an impact the new Ripple stablecoin will have on XRP. The hope is that institutional investors will soon be swapping their digital dollars for XRP, and that should help boost the price of XRP over the long haul.

此外，尚不清楚新的Ripple Stablecoin對XRP的影響有多大。希望是機構投資者很快將把他們的數字資金換成XRP，這應該有助於提高XRP的價格。

But some analysts are not so convinced. As they

但是一些分析師並不是那麼相信。像他們一樣