XRP 期貨 OI 在 48 小時內下跌 10 億美元，引發人們對復甦永續性的擔憂

XRP’s futures open interest dropped by $1 billion in 48 hours, falling from $2.9 billion. This sharp decline followed a failed breakout rally that briefly fueled optimism.

XRP 的期貨未平倉合約在 48 小時內減少了 10 億美元，從 29 億美元下降。這次大幅下跌是在短暫刺激樂觀情緒的突破性反彈失敗之後出現的。

As traders withdrew capital, the drop in OI revealed rising bearish sentiment. The failure to breach key resistance levels has increased skepticism about XRP’s near-term prospects and market activity.

隨著交易員撤出資金，持倉量的下降揭示了看跌情緒的上升。未能突破關鍵阻力位增加了人們對 XRP 近期前景和市場活動的懷疑。

XRP: Critical investor uncertainty?

XRP：投資者面臨重大不確定性？

The XRP Price DAA Divergence highlighted a critical mismatch between price performance and network activity.

XRP 價格 DAA 背離凸顯了價格表現與網路活動之間的嚴重不符。

As XRP’s price surged in late November, DAA divergence turned sharply negative, signaling that network engagement failed to scale alongside the rally.

隨著 XRP 價格在 11 月底飆升，DAA 背離急劇轉為負值，表明網路參與度未能隨著上漲而擴大。

This divergence suggests the price movement was driven more by speculative trading rather than organic network growth or utility adoption.

這種差異表明價格變動更多是由投機交易驅動的，而不是有機網絡增長或公用事業採用。

In the aftermath of the rally, DAA divergence remained in negative territory, reflecting persistent skepticism among on-chain participants.

在上漲之後，DAA 背離仍處於負值區域，反映出鏈上參與者持續的懷疑態度。

Without an uptick in active addresses, the price’s ability to sustain momentum may be in jeopardy.

如果活躍地址不增加，價格維持動能的能力可能會受到威脅。

The absence of strong on-chain activity — despite the recent surge — raises concerns about the sustainability of any near-term recovery and could keep XRP locked in a consolidated or downward trend unless network fundamentals improve.

儘管最近出現了激增，但缺乏強勁的鏈上活動引發了人們對短期復甦可持續性的擔憂，並且除非網路基本面改善，否則 XRP 可能會陷入鞏固或下降趨勢。

Critical levels to watch

值得關注的關鍵水平

XRP’s price action remains at a pivotal moment, defined by a prolonged consolidation phase beneath the $2.73 resistance level.

XRP 的價格走勢仍處於關鍵時刻，即 2.73 美元阻力位下方的長期盤整階段。

Over the past month, the token has shed 20% of its value, yet it has managed to hold firm above the critical $2.00 support.

在過去的一個月裡，該代幣的價值已經下跌了 20%，但它仍然堅守在 2.00 美元的關鍵支撐位之上。

This level serves as both a psychological and technical anchor, preventing further declines despite the mounting uncertainty in broader market conditions.

儘管更廣泛的市場狀況不確定性不斷增加，但該水平既是心理錨又是技術錨，可防止進一步下跌。

Price charts display a neutral RSI reading of 50.98, indicating a lack of clear directional bias among traders. Meanwhile, trading volume remains relatively low, underscoring the absence of significant buying pressure.

價格圖表顯示中性 RSI 讀數為 50.98，表示交易者缺乏明確的方向偏差。同時，交易量仍然相對較低，顯示不存在重大購買壓力。

Similarly, OBV trends highlight muted capital inflows, raising questions about the token’s ability to sustain upward momentum without renewed interest.

同樣，OBV 趨勢凸顯了資本流入疲軟，引發了人們對該代幣在不重新產生興趣的情況下維持上漲勢頭的能力的質疑。

A break above $2.73 could pave the way for a rally toward XRP’s all-time high of $3.31, reigniting investor optimism.

突破 2.73 美元可能為 XRP 升至歷史高點 3.31 美元鋪平道路，從而重新點燃投資者的樂觀情緒。

Conversely, a breach of the $2.00 support would likely exacerbate the current stagnation, deepening bearish sentiment.

相反，突破 2.00 美元的支撐位可能會加劇當前的停滯，並加深看跌情緒。

Until a decisive catalyst emerges, XRP appears locked in a state of cautious equilibrium, with its next move resting on broader market dynamics and the restoration of network confidence.

在決定性催化劑出現之前，XRP 似乎鎖定在謹慎的平衡狀態，其下一步取決於更廣泛的市場動態和網路信心的恢復。