XRP的目標價值（MVRV）比率已降至200天MA以下

鏈上數據顯示，XRP MVRV比率剛剛經歷了可能對資產價格不利的跨界。

On-chain data shows that the XRP Market Value to Realized Value (MVRV) Ratio has just gone through a crossover that may not bode well for the asset's price.

鏈上的數據表明，XRP的市場價值（MVRV）比率剛剛經歷了一個交叉，對於資產的價格而言可能無法很好地bode。

XRP MVRV Ratio Drops Below 200-Day MA

XRP MVRV比率下降到200天的MA以下

As pointed out by analyst Ali Martinez in a new post on X, the MVRV Ratio's latest crossover could signal a macro trend shift for XRP.

正如分析師阿里·馬丁內斯（Ali Martinez）在X上的一篇新帖子中指出的那樣，MVRV比率的最新交叉可能標誌著XRP的宏觀趨勢變化。

The "MVRV Ratio" is an on-chain indicator that tracks the ratio between a given asset's market cap and its realized cap. The realized cap is a capitalization model that calculates the cryptocurrency's "true" value by assuming that any token on the network has a real value equal to the spot price at which it was last transacted.

“ MVRV比率”是一個鏈上指標，該指標跟踪給定資產的市值與已實現的上限之間的比率。已實現的上限是一個資本化模型，該模型通過假設網絡上的任何值的實際值等於上次交易的現貨價格，從而計算加密貨幣的“真”值。

The previous transaction price of any coin can be regarded as the price at which its investor purchased it, so the realized cap represents the total amount of capital that the asset's holders collectively invested to acquire their holdings. In contrast, the market cap tells us what value the investors are holding the asset at in the present.

任何硬幣的先前交易價格都可以被視為其投資者購買的價格，因此已實現的上限代表了資產持有人集體投資以獲取其持股的總資本總額。相比之下，市值告訴我們投資者目前持有資產的價值。

Since the MVRV Ratio takes the ratio between these two metrics, it essentially denotes the profit-loss status of the market as a whole. The indicator being greater than 1 suggests that investors are holding the asset for more than they invested, while it being lower than 1 implies a dominance of underwater tokens.

由於MVRV的比率達到了這兩個指標之間的比率，因此它實際上表示整個市場的利潤損失狀態。該指標大於1，這表明投資者的資產持有超過投資的資產，而低於1的資產意味著水下代幣的主導地位。

Here is a chart shared by the analyst that shows the trend in the XRP MVRV Ratio and its 200-day moving average (MA), which highlights the crossover:

這是分析師共享的圖表，該圖表顯示了XRP MVRV比率及其200天移動平均值（MA）的趨勢，該趨勢突出了交叉：

The XRP MVRV Ratio has seen a decline due to the drawdown that the cryptocurrency's price has encountered, as visible in the graph above.

XRP MVRV比率由於上圖所見，因此由於加密貨幣的價格遇到的縮水而導致下降。

Although the price has crashed, the indicator is still holding above the 1 level, which signifies that the investors of the asset are still largely in the green. However, one crucial level that the metric has crossed due to the downtrend is the 200-day MA.

儘管價格崩潰了，但該指標仍保持在1級以上，這表明資產的投資者仍然在很大程度上處於綠色狀態。但是，由於下降趨勢，指標越過的一個關鍵水平是200天的MA。

The MVRV Ratio broke above this level in the last few months of 2024 and remained above it until this breakdown. From the chart, it's evident that the previous crossover proved to be a bullish signal for XRP.

在2024年的最後幾個月，MVRV的比率超過了該水平，並一直在其上方直到崩潰。從圖表來看，很明顯，以前的跨界事實證明是XRP的看漲信號。

Now, with the reverse crossover occurring, the analyst has noted that another potential macro trend shift could be ahead for the cryptocurrency's price. It remains to be seen if the asset will continue to decline and confirm the pattern.

現在，隨著反向交叉的發生，分析師指出，以加密貨幣的價格可能會出現另一種潛在的宏觀趨勢變化。資產是否會繼續下降並確認該模式還有待觀察。

XRP price is currently trading at around $2.23 with an uptrend in the last 24 hours.

XRP價格目前的交易價格約為2.23美元，在過去的24小時內上漲。