XRP（加密：XRP）在過去三個月中飆升了480％

XRP（Crypto：XRP）是波紋區塊鏈的本地令牌，在過去三個月中飆升了480％。

The price of XRP (CRYPTO: XRP) has surged 480% during the past three months. That stunning rally boosted XRP's market cap to roughly $180 billion, making it the world's third most valuable cryptocurrency, behind Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

在過去的三個月中，XRP（加密：XRP）的價格飆升了480％。令人驚嘆的集會使XRP的市值提高了約1800億美元，使其成為世界第三大最有價值的加密貨幣，僅次於比特幣（Crypto：BTC）和以太坊（Crypto：eth）。

However, Dom Kwok, a former Goldman Sachs analyst, recently said that he thought XRP's value could soon surpass Ethereum's. For that to happen, XRP's price would need to rise at least another 120%.

但是，前高盛分析師Dom Kwok最近表示，他認為XRP的價值很快就會超過以太坊的價值。為此，XRP的價格至少需要再上漲120％。

Let's look back at XRP's past gains and its potential catalysts to see if that can actually happen.

讓我們回顧一下XRP的過去收益及其潛在的催化劑，看看是否真的可以發生。

What sets Ripple apart from other cryptocurrencies?

是什麼使連鎖反應與其他加密貨幣區分開來？

Ripple's blockchain is used to route real-time payments, remittance transfers, and currency exchange transactions. It promotes its blockchain-based approach as a cheaper, faster, and more secure alternative to the more widely used SWIFT (Society for Worldwide Interbank Financial Telecommunication) protocol for money transfers. Several smaller financial institutions -- including Travelex Bank, Tranglo, and Sentbe -- already use Ripple's XCurrent network for their transactions.

Ripple的區塊鏈用於路由實時付款，匯款和貨幣兌換交易。它促進了基於區塊鏈的方法，作為一種更便宜，更快，更安全的替代方法，用於匯款轉移的更廣泛使用的SWIFT（全球範圍內財務電信協會）協議。包括Travelex Bank，Tranglo和Sendbe在內的幾家較小的金融機構已經使用Ripple的Xcurrent網絡進行交易。

When Ripple launched XRP in 2013, it hoped its customers would adopt the token for their financial transactions. However, most of its customers and clients initially shunned XRP and simply used its XCurrent network to process fiat currency payments.

當Ripple於2013年推出XRP時，它希望其客戶能夠採用金融交易的令牌。但是，其大多數客戶和客戶最初都迴避XRP，並只是使用其Xcurrent網絡來處理法定貨幣付款。

XRP's earliest trading price was just $0.0058893 per token, but it eventually soared to a record high of $3.84 in January 2018. Like many cryptocurrencies, it got a lift from the market's growing interest in Bitcoin.

XRP最早的交易價格僅為每電代幣0.0058893美元，但最終在2018年1月達到了創紀錄的3.84美元。像許多加密貨幣一樣，它從市場對比特幣的興趣越來越高。

Yet two major challenges drove its price below $0.20 in 2020. First, the U.S. Securities and Exchange Commission (SEC) sued Ripple in 2020 and claimed its initial XRP token sales were illegal sales of unregistered securities. That lawsuit caused the major trading platforms to delist XRP, and Ripple lost many of its partners. Grayscale, one of the biggest crypto asset managers, also shut down its XRP fund, the XRP Trust.

然而，兩個重大挑戰的價格在2020年的價格低於0.20美元。首先，美國證券交易委員會（SEC）在2020年起訴Ripple，並聲稱其最初的XRP代幣銷售額是未註冊證券的非法銷售。該訴訟導致主要的交易平台XRP Delist XRP，Ripple失去了許多合作夥伴。 Grayscale是最大的加密資產經理之一，也關閉了其XRP基金XRP Trust。

Second, XRP lacks the scarcity and utility of other leading cryptocurrencies. Ripple mined its entire supply of 100 billion XRP tokens before its launch, and it locked up more than half of those tokens in escrow accounts across its blockchain. It only periodically releases those tokens into its existing supply (57.7 billion tokens) to stabilize XRP's liquidity.

其次，XRP缺乏其他領先的加密貨幣的稀缺性和效用。 Ripple在推出之前挖掘了其1000億個XRP代幣的全部供應，並鎖定了一半以上在其區塊鏈的託管帳戶中的代幣。它僅定期將這些令牌釋放到現有的供應中（577億個令牌），以穩定XRP的流動性。

Therefore, XRP can't be actively mined like Bitcoin or other proof of work (PoW) coins. It also can't be staked for rewards like proof of stake (PoS) tokens, such as those of Ethereum. And unlike PoS blockchains, Ripple's blockchain can't be used to natively develop decentralized apps (dApps), smaller tokens, and other crypto assets. All of those limitations made XRP seem more like a meme coin than a real long-term challenger to Bitcoin and Ethereum.

因此，XRP不能像比特幣或其他工作證明（POW）硬幣那樣積極開採。它也不能像以太坊那樣的股權證明（POS）令牌（例如股權證明（POS）令牌。與POS區塊鏈不同，Ripple的區塊鏈不能用於開發分散的應用程序（DAPP），較小的令牌和其他加密資產。所有這些限制使XRP看起來更像是模因硬幣，而不是對比特幣和以太坊的真正長期挑戰者。

So why is XRP's price skyrocketing?

那麼，為什麼XRP的價格飛漲？

XRP's biggest headwind dissipated last August after the SEC lawsuit concluded with a lighter-than-expected fine. But the SEC appealed that ruling earlier this month, and that pressure prevented XRP's price from bouncing back.

SEC訴訟以比預期輕的結束後，XRP最大的逆風消失了。但是SEC在本月早些時候提出了裁決，這一壓力阻止了XRP的價格反彈。

Yet most of the major crypto trading platforms relisted XRP after that ruling. Grayscale also relaunched its XRP Trust as a new closed-end fund (CEF) for accredited investors, and several firms registered to sponsor their own spot XRP ETFs.

然而，大多數主要加密交易平台在裁決之後都使XRP恢復了。 Grayscale還重新啟動了其XRP信託，作為認可的投資者的新封閉式基金（CEF），並註冊了幾家公司以贊助自己的Spot XRP ETF。

However, the strongest catalyst for XRP kicked in last November when Donald Trump won the U.S. presidential election. Trump plans to loosen the government's grip on the crypto market, and his recent appointment of the crypto-friendly Mark Uyeda as the acting SEC chair strongly suggests the agency will stop pursuing its case against Ripple.

但是，XRP的最強催化劑在去年11月贏得了美國總統大選時踢了。特朗普計劃放棄政府對加密貨幣市場的控制，他最近任命了對加密貨幣友好的馬克·烏耶達（Mark Uyeda），因為代理SEC主席強烈建議該機構將停止對Ripple提起訴訟。

In December, the New York Department of Financial Services also approved Ripple's planned launch of a new stablecoin pegged to the U.S. dollar. That approval could draw more financial institutions to its blockchain and stabilize XRP's price.

去年12月，紐約金融服務部還批准了Ripple計劃推出的新Stablecoin與美元掛鉤。該批准可能會吸引更多的金融機構，並穩定XRP的價格。

To address its lack of a developer ecosystem, Ripple plans to integrate Ethereum-compatible smart contracts into a new sidechain tethered to the XRP ledger, where all transactions are recorded. That move might make XRP payments more appealing to Ethereum-based developers.

為了解決其缺乏開發人員生態系統，Ripple計劃將與以太坊兼容的智能合約整合到一個新的Sidechain中，並將所有交易記錄到XRP Ledger上。此舉可能會使XRP付款對基於以太坊的開發人員更具吸引力。

To further expand that ecosystem, Ripple has been promoting itself as a platform for tokenizing real-world assets (RWA) like real estate, artworks, and other objects. Unlike non-fungible tokens (NFTs), which are tokenized digital assets, tokenized RWAs grant the owner custody of the underlying physical object. They can also be used to split the ownership of a physical object among multiple token holders. If more of those assets are tokenized, more people could use XRP to buy them.

為了進一步擴展該生態系統，Ripple一直在提升自己，作為將現實世界資產（RWA）等平台（例如房地產，藝術品和其他對象）提升。與具有令牌化數字資產的不可殺菌令牌（NFTS）不同，令牌化的RWA授予所有者對基礎物理對象的監護權。它們還可以用來將物理對象的所有權分配給多個令牌持有者。如果更多的資產被標記化，則更多的人可以使用XRP購買。

But will XRP's price soar another 120%?

但是XRP的價格會再飆升120％嗎？