XRP在市場的潮起潮落中陷入了不穩定的舞蹈，從今年的頂峰開始下降了30％。

Ripple的XRP陷入了不穩定的舞蹈，與市場的潮起潮落，從今年的頂峰開始下降了30％。

The crypto market has been on a roll lately, with several interesting developments unfolding. Among the digital currencies that have been making headlines is Ripple’s XRP, which has seen a 30% plummet from its peak earlier this year. This begs the question: what happened to this digital titan whose bullish catalysts should have propelled it skyward?

加密貨幣市場最近一直處於滾動狀態，並發生了一些有趣的發展。在成為頭條新聞的數字貨幣中，有Ripple的XRP，該貨幣的XRP今年早些時候的峰值下降了30％。這就引出了一個問題：這個數字巨人的看漲催化劑應該向天空推動它？

Despite a promising increase in the use of Ripple’s stablecoin, RLUSD, which now boasts a daily volume of over $100 million, and other promising platforms like Coreum and Sologenic gaining traction, XRP’s path seems to be haunted by a bearish specter. Oddly enough, even as the Securities and Exchange Commission (SEC) signals potential retreat from its aggressive stance, dropping charges against giants like Coinbase and Gemini and hinting at the possibility of approving a spot XRP ETF, Ripple’s prospects remain shaky. Analysts predict that such approval could usher in a cash influx of over $8 billion in just the first year. Yet, this tantalizing promise hasn’t been enough to shift XRP’s downward trend—at least not yet.

儘管Ripple的Stablecoin Rlusd的使用有望增加，該公司現在每天的數量超過1億美元，而其他有希望的平台（如Coreum和Sologenic Grow to Traction都獲得了吸引力，XRP的道路似乎都被看跌的幽靈所困擾。奇怪的是，即使證券交易委員會（SEC）信號可能從其積極立場撤退，對Coinbase和Gemini等巨人的指控產生了指控，並暗示可能有可能批准XRP ETF的可能性，Ripple的前景仍然放蕩。分析師預測，這種批准可能會在第一年就將現金湧入超過80億美元。但是，這種誘人的承諾還不足以改變XRP的下降趨勢，至少還沒有。

To understand this better, we need to delve into a theory first crafted nearly a century ago by Richard Wyckoff. His timeless model dissects market movements into four stages: accumulation, where assets stagnate within a narrow band; markup, sparked by increased demand; distribution, a battleground of hesitation; and markdown, where prices spiral downwards. XRP lingered in that first phase for years until a steeper climb in November following a regulatory favoring promise, setting off a rapid markup phase. However, just as quickly, the distribution phase took hold, exposing XRP to greater volatility.

為了更好地理解這一點，我們需要深入研究理查德·威克夫（Richard Wyckoff）在近一個世紀前首先精心設計的理論。他的永恆模型將市場運動分為四個階段：積累，資產停滯在狹窄的樂隊中；標記，需求增加激發；分發，猶豫的戰場；和Markdown，價格下降。 XRP在第一階段徘徊了多年，直到11月在監管方面的偏愛承諾之後，在11月進行了陡峭的攀登，引發了快速加價階段。但是，同樣迅速，分配階段持續下去，使XRP暴露於更大的波動率。

Another factor contributing to XRP’s recent troubles is the crypto fear and greed index, which has now sunk to an ominous 18. This climate of fear is driving investors to the sidelines, where they await the clouds to part. Such trepidation has left many digital currencies reeling, but the real danger for XRP looms if the coin dips below its critical $2 neckline. From there, further descent beckons, possibly drawing Ripple to the 78.6% retracement level of $1.1395.

XRP最近遇到麻煩的另一個因素是加密恐懼和貪婪指數，該指數現在已經沉入了不祥的18歲。這種恐懼的氣氛正在驅使投資者進入場外，在那裡他們等待雲層的一部分。這種不安的是使許多數字貨幣引起了興趣，但是如果硬幣下降到關鍵的2美元領口，則XRP的真正危險籠罩著。從那裡，進一步的下降招手可能會吸引漣漪，達到1.1395美元的78.6％回撤水平。

The uncertainty of regulatory shifts and market psychology suggests that XRP’s rollercoaster ride is far from over. Neither optimism nor dread fades swiftly in the cryptosphere, and investors would do well to brace themselves, for the heart of this market beats unpredictably, and only the stalwart remain unshaken as they ride its waves.

監管轉變和市場心理學的不確定性表明，XRP的過山車騎行還遠遠沒有結束。樂觀主義和恐懼在加密層中都不會迅速消失，投資者會做得很好，因為這個市場的核心會無法預測，只有堅定的人在揮舞著海浪時仍保持不動。