XRP 能否奪回市值第二大加密貨幣的地位？

12 月 2 日，XRP 超越 Tether，重新奪回市值第三大加密貨幣的地位。 XRP 的價格飆升近 30%，達到 2.8 美元的多年高點。

XRP price surged on Dec. 2, reclaiming its position as the third-largest cryptocurrency by market cap after a multi-year high price surge of nearly 30%.

XRP 價格於 12 月 2 日飆升，在經歷了多年來近 30% 的高點上漲後，重新奪回了市值第三大加密貨幣的地位。

This marks a significant comeback for XRP, which had fallen behind Tether after its legal battle with the U.S. Securities and Exchange Commission (SEC). As of December 2024, XRP’s market cap stands at approximately $150 billion, surpassing Tether and Solana (SOL).

這標誌著 XRP 的重大回歸，該公司在與美國證券交易委員會 (SEC) 的法律訴訟後落後於 Tether。截至 2024 年 12 月，XRP 的市值約為 1500 億美元，超過了 Tether 和 Solana (SOL)。

However, the question remains: can XRP continue its upward momentum and potentially challenge Ethereum for the second-largest spot in the crypto market?

然而，問題仍然存在：XRP 能否繼續保持上漲勢頭，並有可能挑戰以太坊，爭奪加密市場第二大席位？

What Factors Led XRP’s Rally?

哪些因素導致 XRP 上漲？

One major driver behind XRP’s price rally is the growing interest in XRP exchange-traded funds (ETFs). Several firms, including Bitwise, Canary Funds and WisdomTree, have filed with the SEC to launch an ETF that would directly hold XRP.

XRP 價格上漲的主要動力之一是人們對 XRP 交易所交易基金 (ETF) 的興趣日益濃厚。 Bitwise、Canary Funds 和 WisdomTree 等多家公司已向 SEC 提交申請，推出直接持有 XRP 的 ETF。

If approved, this could boost demand for XRP, much like how Bitcoin has seen increased demand following the approval of a spot Bitcoin ETF.

如果獲得批准，這可能會增加對 XRP 的需求，就像現貨比特幣 ETF 獲得批准後比特幣的需求增加一樣。

Additionally, the pro-crypto stance of President-elect Donald Trump has helped fuel optimism in the market. Trump’s statements about supporting cryptocurrency and the potential resignation of SEC Chairman Gary Gensler have provided a sense of security for XRP investors, especially given the SEC’s legal battle with Ripple.

此外，當選總統川普的支持加密貨幣立場也有助於激發市場的樂觀情緒。川普關於支持加密貨幣的聲明以及 SEC 主席加里·詹斯勒 (Gary Gensler) 可能辭職的言論為 XRP 投資者提供了安全感，特別是考慮到 SEC 與 Ripple 的法律鬥爭。

Investors are now hopeful that the regulatory landscape will improve for XRP, opening the door for further growth.

投資者現在希望 XRP 的監管環境將會改善，為進一步成長打開大門。

Can XRP Overtake Ethereum?

XRP能超越以太坊嗎？

Ethereum currently has a market cap of around $440 billion, while XRP’s market cap is at $144 billion.

以太坊目前的市值約為 4,400 億美元，而 XRP 的市值為 1,440 億美元。

Ethereum has seen a 54.47% increase in its market capitalization so far in 2024. On the other hand, XRP has seen a 348.70% increase in market cap year to date.

2024 年迄今為止，以太坊的市值增長了 54.47%。

To continue this upward momentum and surpass Ethereum, XRP would need to see substantial and sustained price increases.

為了繼續這種上升勢頭並超越以太坊，XRP 需要看到大幅且持續的價格上漲。

One crypto influencer, known as “venturefounder” on Twitter, has identified three critical resistance levels that XRP must overcome to potentially challenge Ethereum.

一位在 Twitter 上被稱為「風險創始人」的加密貨幣影響者已經確定了 XRP 必須克服的三個關鍵阻力位，才能潛在地挑戰以太坊。

Resistance levels are the price points where XRP might face difficulty in continuing its upward momentum.

阻力位是 XRP 可能難以繼續其上漲勢頭的價格點。

The first level of resistance is at 0.00019, which shows a 25.35% increase in value relative to Ethereum. If XRP breaks through this resistance, it could signal further price increases.

第一阻力位為 0.00019，相對於以太坊價值增加了 25.35%。如果 XRP 突破該阻力位，則可能預示價格會進一步上漲。

The next level, at 0.00087, shows a 116.06% increase in value compared to Ethereum. Surpassing this level would demonstrate a more sustained uptrend in XRP’s price.

下一個水準為 0.00087，與以太坊相比，價值增加了 116.06%。超過這一水平將表明 XRP 價格的上漲趨勢更加持續。

The most significant resistance level is at 0.00242, which shows a 326.48% increase in value. If XRP manages to cross this level, it would be closer to challenging Ethereum.

最重要的阻力位在0.00242，顯示價值增加了326.48%。如果 XRP 能夠突破這一水平，它將更接近挑戰以太坊。

The charts show that XRP is having a good run, but it still has a long way to go to catch Ethereum in market cap. Right now, XRP’s market cap is much smaller than Ethereum’s, so even if XRP rises in price, it would still need a huge boost to surpass Ethereum.

圖表顯示，XRP 運作良好，但其市值趕上以太坊還有很長的路要走。目前XRP的市值遠小於以太坊，所以即使XRP價格上漲，它仍然需要龐大的推動才能超越以太坊。

These projections make it clear that XRP would need a massive price increase to even begin to challenge Ethereum, as Ethereum’s current market cap is about three times larger than XRP’s.

這些預測清楚地表明，XRP 需要大幅提價才能開始挑戰以太坊，因為以太坊目前的市值約為 XRP 的三倍。

Analysts Warn of Leverage-Driven Rally

分析師警告槓桿驅動的反彈

Amid all these speculations, analysts are cautioning that XRP’s rally might be fueled by leverage. According to data from CryptoQuant, open interest in XRP, which measures the total value of outstanding derivatives positions, has spiked by 37%.

在所有這些猜測中，分析師警告稱，槓桿可能會推動 XRP 的上漲。根據 CryptoQuant 的數據，衡量未平倉衍生性商品部位總價值的 XRP 未平倉合約已飆升 37%。

A rise in open interest often signals that traders are using borrowed money to take large positions, which can lead to volatility. In the past, such leverage-driven rallies have resulted in sharp corrections, and analysts warn that the current XRP surge could face a similar fate.

未平倉合約的增加通常表示交易者正在利用借來的資金持有大量頭寸，這可能會導致波動。過去，這種槓桿驅動的反彈導致了大幅調整，分析師警告稱，當前的 XRP 飆升可能面臨類似的命運。