XRP價格預測：資產會在壓力下繼續交易嗎？

XRP最近幾週一直在壓力下交易，失去了其在2024年末至2025年初集會期間建立的大部分勢頭。

In recent times, XRP has been trading fiercely, losing a significant portion of the momentum it gained during its late-2024 to early-2025 rally. After surging to highs above $3.40, the asset has experienced an 18.3% downturn over the past month, a decline that can be attributed to broader market softness.

近來，XRP一直在猛烈交易，失去了在2024年末至2025年初集會期間獲得的大部分勢頭。在高達3.40美元以上的高價上升之後，該資產在過去一個月中經歷了18.3％的衰退，這可能歸因於更廣泛的市場柔軟度。

At present, XRP trades considerably below its peak at a price of $2.06, with muted investor activity and decreasing market participation across both spot and derivatives markets.

目前，XRP以2.06美元的價格交易低於其頂峰，投資者活動的活動和衍生品市場的市場參與下降。

Amid XRP's decline, an analyst from CryptoQuant, known as EgyHash, has been keeping a close eye on the altcoin's on-chain trends. In a recent post titled "XRP's Market Paradox: With Ledger Activity Dipping 80%, Is a Rebound on the Horizon?" EgyHash shared his observations.

在XRP的下降中，來自CryptoFant的分析師（被稱為Egyhash）一直密切關注Altcoin的鍊鍊趨勢。在最近的一篇題為“ XRP的市場悖論：Ledger Activity下降80％的帖子中，是一個反彈？” Egyhash分享了他的觀察。

According to EgyHash, XRP's on-chain and futures market data present a mixed picture—declining activity but resilience in price.

根據XRP的鍊鍊和期貨市場數據的埃及哈什（Egyhash）的說法，呈現出不同的情況，即行動，但價格具有彈性。

EgyHash noted that XRP Ledger activity has fallen sharply since December, with the percentage of active addresses dropping by 80%. Similarly, open interest in the futures market has declined roughly 70% from its highs, and funding rates have occasionally turned negative. These observations suggest a decrease in leveraged activity and perhaps weaker overall market optimism.

Egyhash指出，自12月以來，XRP Ledger活動急劇下降，主動地址的百分比下降了80％。同樣，期貨市場的開放興趣從其最高點下降了約70％，籌資率偶爾會變成負面。這些觀察結果表明，槓桿活動的減少以及總體市場樂觀的較弱。

The analyst stated that the Estimated Leverage Ratio, which measures average user leverage by comparing open interest to coin reserves, has also dropped significantly. This decline indicates that traders are generally using less leverage, which could be a response to the current market softness and heightened volatility.

分析師指出，估計的槓桿比率通過將開放興趣與硬幣儲量進行比較來衡量平均用戶槓桿作用，也已大大下降。這種下降表明，交易者通常使用較少的槓桿作用，這可能是對當前市場柔軟性和增強波動率的回應。

Despite these indicators pointing toward weakening momentum, the altcoin's price has only declined about 35% from its peak. This is a milder correction compared to other assets such as Ethereum, which has fallen roughly 60% over the same period.

儘管這些指標表明勢頭減弱，但Altcoin的價格從其頂峰下降了約35％。與其他資產（例如以太坊）相比，這是一種溫和的校正，在同一時期，大約下降了60％。

Additionally, the altcoin's Exchange Reserve has continued to decline, reaching levels last observed in July 2023. Lower reserves typically suggest that fewer tokens are available for immediate sale, a factor that can help support prices during market downturns.

此外，Altcoin的交易儲備繼續下降，在2023年7月上次觀察到的水平。較低的儲備通常表明，可以立即銷售的代幣更少，這一因素可以幫助支持市場低迷的價格。

According to EgyHash, this trend, along with relatively stable pricing, could indicate growing long-term confidence in the asset.

根據埃及哈什（Egyhash）的說法，這種趨勢以及相對穩定的定價可能表明對資產的長期信心越來越大。

While on-chain metrics provide valuable insights, institutional developments could further strengthen market sentiment. In a move to diversify investment offerings in the crypto market, Hong Kong-based investment firm HashKey Capital recently announced the launch of the HashKey XRP Tracker Fund.

雖然鏈上指標提供了寶貴的見解，但機構發展可以進一步加強市場情緒。為了使在加密貨幣市場的投資產品多樣化，總部位於香港的投資公司Hashkey Capital最近宣布了Hashkey XRP Tracker Fund的啟動。

Set to be the first XRP-focused investment vehicle in Asia, the fund will be tracking the price of XRP and is backed by Ripple as the anchor investor. The initiative is designed to attract more institutional capital into the XRP ecosystem.

該基金將成為亞洲的首款以XRP為重點的投資工具，將跟踪XRP的價格，並由Ripple作為主播投資者的支持。該計劃旨在吸引更多的機構資本進入XRP生態系統。

This venture will later transition into an exchange-traded fund (ETF), pending regulatory approval, making it easily accessible to a wider range of investors.

該冒險將隨後過渡到待批准的交換基金（ETF），使得更廣泛的投資者可以輕鬆獲得它。

HashKey Capital has also hinted at the possibility of introducing tokenized investment products and decentralized finance (DeFi) solutions in collaboration with Ripple.

Hashkey Capital還暗示了與Ripple合作推出令牌化投資產品和分散融資（DEFI）解決方案的可能性。

Highlighting the strategic value of this partnership, Vivien Wong, a partner at HashKey, noted the importance of integrating Ripple's network with regulated investment infrastructure across Asia.

Hashkey的合夥人Vivien Wong強調了這種合作夥伴關係的戰略價值，他指出了將Ripple網絡與整個亞洲的投資基礎設施相結合的重要性。

This move underscores the increasing interest in cryptocurrencies among institutional players and the role of bridging the gap between traditional and digital finance.

這一舉動強調了機構參與者中對加密貨幣的興趣越來越多，以及彌合傳統金融和數字金融之間差距的作用。

Although the altcoin faces immense pressure in the near term, long-term developments, including decreasing exchange reserves and rising institutional interest, may support the recovery of XRP as the broader market shows signs of stabilization.

儘管Altcoin在短期內面臨巨大的壓力，但由於更廣泛的市場表現出穩定的跡象，包括減少交換儲備和機構利益的長期發展可能支持XRP的恢復。