隨著鯨魚在看跌的市場情緒中拋售代幣，XRP 波動性飆升

在全球加密貨幣市場下跌的情況下，XRP 的價格於4 月3 日暴跌至0.57 美元以下。鯨魚投資者令人震驚的拋售趨勢加劇了最近的低迷，他們已將持有的XRP 減至30 天低點449 億。這次價值約 1.7 億美元的大規模拋售使市場上充斥著代幣，給價格帶來了巨大的下行壓力。

XRP Price Volatility Intensifies Amidst Whale Sell-Off and Bearish Market Sentiment

XRP 價格波動在鯨魚拋售和看跌市場情緒中加劇

The cryptocurrency market has witnessed a significant downturn on April 3, with Ripple's XRP token falling below the $0.57 mark. However, an alarming trend among whale investors threatens to further exacerbate the downtrend, raising concerns for the future of XRP.

4 月 3 日，加密貨幣市場大幅下滑，Ripple 的 XRP 代幣跌破 0.57 美元大關。然而，鯨魚投資者中令人擔憂的趨勢可能會進一步加劇下跌趨勢，引發人們對 XRP 未來的擔憂。

SEC Fine Shadows XRP's Price Performance

SEC Fine Shadows XRP 的價格表現

Ripple has been embroiled in a protracted legal battle with the US Securities and Exchange Commission (SEC) for over two years. On March 25, Ripple CEO Brad Garlinghouse disclosed that the SEC was seeking to impose a hefty $1.95 billion fine on the company, accusing it of illegally selling securities through its XRP token offerings.

Ripple 與美國證券交易委員會 (SEC) 捲入了一場曠日持久的法律訴訟已有兩年多了。 3 月25 日，Ripple 執行長布拉德·加林豪斯(Brad Garlinghouse) 透露，美國證券交易委員會(SEC) 正尋求對該公司處以19.5 億美元巨額罰款，指控其透過XRP 代幣發行非法出售證券。

The SEC's filing sent shockwaves through the XRP community, with traders speculating on the potential impact of the fines. However, Ripple's CEO assured investors that the company was well-prepared to cover the costs.

美國證券交易委員會的文件在 XRP 社區引起了震動，交易員紛紛猜測罰款的潛在影響。然而，Ripple 執行長向投資者保證，該公司已做好充分準備來承擔成本。

Whale Investors Exit, Putting Downward Pressure on XRP

鯨魚投資者退出，對 XRP 帶來下行壓力

Despite Ripple's assurances, on-chain data reveals a concerning trend among whale investors and corporate entities holding substantial amounts of XRP. Whale investors, defined as those holding at least 1 million XRP, have been rapidly shedding their holdings in the wake of the SEC's fine motion.

儘管 Ripple 做出了保證，但鏈上數據顯示，持有大量 XRP 的鯨魚投資者和企業實體存在令人擔憂的趨勢。鯨魚投資者（被定義為持有至少 100 萬 XRP 的投資者）在美國證券交易委員會的罰款動議後迅速減持。

According to data from Santiment, whale wallet balances have plummeted by over 290 million coins since March 29, reaching a 30-day low of 44.9 billion at the time of writing. This massive sell-off, valued at approximately $170 million at current prices, has flooded the market with XRP tokens, exerting significant downward pressure on the price.

根據 Santiment 的數據，自 3 月 29 日以來，鯨魚錢包餘額已暴跌超過 2.9 億個幣，截至撰寫本文時達到 30 天低點 449 億個。以當前價格計算，這次大規模拋售價值約 1.7 億美元，市場上充斥著 XRP 代幣，對價格造成了巨大的下行壓力。

Retail Traders Follow the Whale Trajectory

零售貿易商追隨鯨魚軌跡

Smaller retail traders, who often follow the lead of deep-pocketed whales, may be reluctant to take a bullish position against such a dominant selling force. If retail traders join the bearish bandwagon, XRP could face difficulties in initiating a meaningful rebound in the near term.

經常追隨財力雄厚的鯨魚的小型零售交易商可能不願意對這種主導的拋售力量採取看漲立場。如果零售交易者也加入看跌行列，XRP 可能會在短期內難以發起有意義的反彈。

Derivatives Market Signals Bearish Sentiment

衍生性商品市場訊號看跌情緒

The bearish outlook for XRP is further supported by trends observed in the derivatives market. Coinglass' funding rate metric, which tracks the fees paid between long and short traders in perpetual futures contracts, has dropped to its lowest level in 10 days.

衍生性商品市場的趨勢進一步支持了 XRP 的看跌前景。 Coinglass 的資金費率指標（追蹤永續期貨合約多頭和空頭交易者之間支付的費用）已降至 10 天內的最低水準。

A decline in funding rate typically indicates a growing negative sentiment among bull traders who are betting on a price increase. If bull traders reduce their long positions, it could open the door for further price declines in the days ahead.

融資利率下降通常表示押注價格上漲的多頭交易者的負面情緒日益增長。如果多頭交易者減少多頭頭寸，則可能為未來幾天價格進一步下跌打開大門。

XRP Price Forecast: Downswing Possible

XRP 價格預測：可能下跌

The combination of whale sell-offs and declining funding rates suggests that XRP may be on the verge of a significant price downswing. After a 11.7% decline from March 29, XRP price has fallen below the 20-day simple moving average and is hovering precariously above the lower Bollinger band at $0.58.

鯨魚拋售和融資利率下降相結合表明 XRP 可能處於價格大幅下跌的邊緣。自 3 月 29 日以來下跌 11.7% 後，XRP 價格已跌破 20 日簡單移動平均線，並在布林線下軌 0.58 美元上方不穩定地徘徊。

If this critical support level fails, bears could gain momentum and force a larger reversal below $0.55. Conversely, if bulls manage to break above the $0.62 resistance, they could regain control of the markets. However, this scenario appears unlikely at present given the overwhelming selling pressure from whale investors.

如果這項關鍵支撐位失靈，空頭可能會獲得動力，並迫使價格出現更大逆轉，跌破 0.55 美元。相反，如果多頭能夠突破 0.62 美元的阻力位，他們可能會重新控制市場。然而，鑑於鯨魚投資者的巨大拋售壓力，目前這種情況似乎不太可能發生。

Conclusion

結論

XRP's downward trajectory has been exacerbated by a combination of negative factors, including the SEC fine, whale sell-offs, and declining funding rates. While the SEC legal battle continues to cast a shadow over the token's future, the recent selling spree among whales suggests a deep-seated bearishness. Traders should exercise caution and closely monitor market developments before making any investment decisions.

XRP 的下跌軌跡因一系列負面因素而加劇，包括 SEC 罰款、鯨魚拋售和融資利率下降。儘管美國證券交易委員會的法律戰繼續給該代幣的未來蒙上陰影，但鯨魚最近的拋售熱潮表明了根深蒂固的看跌情緒。交易者在做出任何投資決定之前應謹慎行事並密切關注市場發展。