XRP（波紋）價格下跌，儘管鏈活動空前激增

儘管鏈上活動的前所未有，但XRP（Ripple）經歷了一個動蕩的時期，其價格下降了。

The world of cryptocurrency has been abuzz with activity as of late, particularly regarding XRP, the digital asset created by Ripple. Known for its close ties to the financial services industry, XRP has experienced a turbulent period, marked by a sharp price drop despite an unprecedented surge in on-chain activity.

加密貨幣的世界最近充滿了活動，特別是關於Ripple創建的數字資產XRP。 XRP以與金融服務行業的緊密聯繫而聞名，經歷了一個動蕩的時期，儘管鏈上活動的前所未有，但價格下降了。

As reported by CCXV, on April 2, XRP saw its highest transaction volume in months, with over one trillion XRP tokens being transferred within a single day. This development sparked heated discussions among crypto traders and analysts, who scrambled to decipher the meaning behind such a massive movement of funds.

據CCXV報導，4月2日，XRP在幾個月內看到了其最高的交易量，其中一萬萬億代幣在一天之內被轉移。這一發展引發了加密交易者和分析師之間的激烈討論，他們爭先恐後地破譯了這種大量資金轉移背後的意義。

The implications of this activity are significant, as it can serve as an indicator of institutional involvement, which tends to be a strong driver of price trends. However, despite the speculation and analysis, XRP's price ultimately reacted negatively to recent macroeconomic policy announcements, continuing its descent.

這項活動的含義很重要，因為它可以作為機構參與的指標，這往往是價格趨勢的強大驅動力。但是，儘管進行了猜測和分析，XRP的價格最終對最近的宏觀經濟政策公告產生了負面反應，繼續下降。

Massive On-Chain Surge: What Does It Mean for XRP?

巨大的鏈潮：這對XRP意味著什麼？

The sudden spike in XRP's transaction volume is noteworthy because such activity usually precedes substantial price shifts. In the realm of cryptocurrency, when transaction volume surges, it typically indicates large-scale buying or selling by institutional players, significant fund reallocations, or strategic movements by whales—large holders of a particular cryptocurrency.

XRP交易量的突然峰值值得注意，因為這種活動通常在價格上漲之前。在加密貨幣的領域，當交易量激增時，通常表示機構參與者的大規模買賣，大量資金重新定位或鯨魚的戰略運動，這是特定加密貨幣的較大持有者。

In the case of XRP, the reasons behind this activity remain speculative, with traders and analysts offering various hypotheses. Some suggest that the transfers could be related to liquidity adjustments by major exchanges or an accumulation phase by institutional investors.

就XRP而言，這項活動背後的原因仍然是投機性的，商人和分析師提供了各種假設。一些人認為，轉移可能與機構投資者進行的主要交易所或累積階段的流動性調整有關。

However, others argue that it could be a redistribution of holdings among wallets, a common occurrence in the crypto market, especially in a bear market scenario. This possibility has been raised due to the fact that the average transaction size on Monday was 0.000001 XRP, suggesting that a vast number of small transactions might have contributed to the trillion-dollar volume.

但是，其他人則認為，這可能是對錢包中的持股的重新分配，這是加密貨幣市場的常見情況，尤其是在熊市的情況下。由於週一的平均交易規模為0.000001 XRP，因此提出了這種可能性，這表明大量小型交易可能導致了萬億美元的量。

This massive on-chain activity unfolded as XRP remained within a well-defined trading range, encountering resistance at $2.22 and support at $2.02. The consolidation phase persisted for five days, during which the price struggled to break out of the upper resistance zone despite the bullish implications of heightened activity.

隨著XRP仍在定義明確的交易範圍內，這種大規模的鏈上活動展開，遇到2.22美元的阻力，支撐為2.02美元。合併階段持續了五天，在此期間，儘管看漲活動的影響，但價格仍在努力脫離上限區域。

Market Shock: XRP Reacts to Trump Tariff Policy Announcement

市場衝擊：XRP對特朗普關稅政策公告做出反應

The period of price stability came to an abrupt end following the announcement of the Trump administration’s new tariff policy. The policy sent shockwaves through financial markets, triggering increased volatility in both traditional finance and cryptocurrency sectors.

在特朗普政府的新關稅政策宣布之後，價格穩定的時期突然結束了。該政策通過金融市場造成了衝擊波，引發了傳統金融和加密貨幣部門的波動增加。

Among the cryptocurrencies affected by the shift in market mood was XRP, which experienced a sharp decline, pushing its price below the key support level of $2.02. The decrease in price was triggered by the administration’s announcement of imposing a 10% tariff on $300 billion worth of goods from China, beginning on September 1.

在受市場情緒轉變影響的加密貨幣中，XRP急劇下降，將其價格降至2.02美元的關鍵支持水平以下。從9月1日開始，政府宣布對價值3000億美元的商品徵收10％的關稅，這引起了價格下跌。

The market reaction underscores how external geopolitical and economic factors can heavily influence crypto assets. The tariff policy, which also included new trade restrictions on European goods and an extension of an earlier round of tariffs on Chinese goods, created uncertainty among investors. This uncertainty led to a broader risk-off sentiment, prompting traders to liquidate positions in assets perceived as volatile, such as cryptocurrencies.

市場反應強調了外部地緣政治和經濟因素如何嚴重影響加密資產。關稅政策還包括對歐洲商品的新貿易限制以及對中國商品的較早關稅的擴展，這使投資者造成了不確定性。這種不確定性導致了更廣泛的冒險情緒，促使交易者清算被認為是揮發性的資產的頭寸，例如加密貨幣。

Technical Analysis: XRP Price Outlook Hinges on $1.90 Support

技術分析：XRP價格前景取決於$ 1.90的支持

From a technical perspective, XRP is now at a critical juncture. The breakdown below the $2.02 support has placed significant bearish pressure on the asset, with traders now closely monitoring the $1.90 level as the next crucial support.

從技術角度來看，XRP現在處於關鍵時刻。低於2.02美元的支持的細分已經對資產施加了巨大的看跌壓力，現在，交易者密切監視了1.90美元的水平，這是下一個關鍵支持。

If the price continues to decline and breaks below this support zone, it could open the door for further downward movement, potentially targeting the Fib level of $1.78 or even the 100-SMA on the 4-hour chart, currently at $1.68. However, if the buyers manage to defend the $1.90 support and if the Fib level of $2.08 provides resistance, it could set the stage for a bullish countertrend.

如果價格繼續下跌並下降到該支撐區以下，​​它可能會為進一步的下行運動打開大門，可能針對4小時圖表上的FIB水平1.78美元，甚至針對100-SM​​A，目前為1.68美元。但是，如果買家設法捍衛1.90美元的支持，並且如果FIB水平為2.08美元，則可以為看漲的反趨勢奠定基礎。

This scenario hinges on the possibility of a bullish divergence forming in the RSI, which could indicate that the selling pressure is decreasing despite the price decline. Such a divergence, if confirmed, might signal an upcoming reversal in the price trend.

這種情況取決於RSI中看漲差異的可能性，這可能表明儘管價格下降，銷售壓力仍在下降。如果確認，這種差異可能會表明即將到來的價格趨勢逆轉。

Fundamental Factors Influencing XRP's Future Price Action

影響XRP未來價格行動的基本因素

Beyond technical analysis, several fundamental factors could shape XRP's price trajectory in the coming weeks:

除技術分析外，幾個基本因素可以在未來幾週內塑造XRP的價格軌跡：

• Institutional Involvement and Liquidity: The massive on-chain transaction volume could indicate that institutional players are positioning themselves for a long-term strategy. If major financial entities or exchanges are accumulating XRP, this could provide a strong foundation for a future price recovery. However, without clear evidence of accumulation, the possibility of large-scale distribution remains a concern.

•機構參與和流動性：大量的鏈上交易量可能表明機構參與者正在為長期戰略定位。如果主要的金融實體或交易所正在積累XRP，這可能為未來的價格恢復提供巨大的基礎。但是，沒有明確的積累證據，大規模分佈的可能性仍然是一個問題。

• Regulatory Developments: Regulatory clarity continues to be a pivotal factor for XRP's market performance. The ongoing legal battles against Ripple

•監管發展：監管清晰度仍然是XRP市場績效的關鍵因素。正在進行的針對Ripple的法律鬥爭