2023-2025 年 XRP (XRP) 價格預測：XRP 最終會突破看跌趨勢嗎？

XRP（XRP）近幾個月來飛速上漲，自11月初以來飆升超過350%，成為第三大數位資產。

Boasting a market capitalization that now rivals Mastercard or Morgan Stanley, XRP's stunning ascent reflects a speculative narrative positioning it as the cryptocurrency poised to go mainstream. Backers tout its potential to become the preeminent utility token facilitating cross-border transactions, fueled by its low transaction costs and fast settlement times.

XRP 的市值現在可與萬事達卡或摩根士丹利相媲美，其驚人的上漲反映了一種投機性的敘述，將其定位為即將成為主流的加密貨幣。支持者吹捧其成為促進跨國交易的卓越實用代幣的潛力，這得益於其低廉的交易成本和快速的結算時間。

Retail investors have flocked to XRP, sparking a speculative mania reminiscent of past bubbles in Bitcoin, tech stocks, and tulips. On Reddit's r/XRP forum, boasting over 600,000 members dubbed the "XRP Army," investors celebrate each new price milestone, sharing memes trumpeting XRP's disruptive potential and encouraging each other to keep buying and holding.

散戶投資者紛紛湧向 XRP，引發了投機狂熱，讓人想起過去比特幣、科技股和鬱金香的泡沫。在Reddit 的r/XRP 論壇上，擁有超過60 萬名被稱為「XRP 大軍」的成員，投資者慶祝每一個新的價格里程碑，分享宣揚XRP 顛覆性潛力的表情包，並鼓勵彼此繼續購買和持有。

One poster last week claimed to have "Sold the house and went all-in on XRP at 25 cents. Next stop - the moon!"

上週，一名發文者聲稱“賣掉了房子，以 25 美分的價格買入 XRP。下一站 - 月球！”

XRP's price surge has created immense wealth for early investors but also drawn criticism that it is another crypto bubble inflated by wild speculation. The token now accounts for over 10% of the total crypto market value, up from just 3% a year ago.

XRP 的價格飆升為早期投資者創造了巨大的財富，但也招致了批評，認為這是另一個因瘋狂投機而膨脹的加密貨幣泡沫。該代幣目前佔加密貨幣總市值的 10% 以上，而一年前僅為 3%。

Unlike Bitcoin, whose capped supply gives it scarcity value, Ripple can issue up to 100 billion XRP. There are currently 50 billion tokens in circulation, with Ripple retaining over 50% in an escrow account that releases 1 billion per month to incentivize growth of its payment network.

與比特幣的供應上限使其具有稀缺價值不同，Ripple 可以發行多達 1000 億個 XRP。目前有 500 億枚代幣在流通，其中 Ripple 將超過 50% 的代幣保留在託管帳戶中，每月釋放 10 億枚，以激勵其支付網路的成長。

Ripple has worked tirelessly to overcome XRP's perceived lack of decentralisation, forming partnerships with banks, money transfer services, and payment processors worldwide. Over 300 financial firms have joined Ripple's network, with the list of partners reading like a who's who of global finance: American Express, Santander, SBI Holdings, and the Saudi British Bank.

Ripple 孜孜不倦地努力克服 XRP 缺乏去中心化的問題，與世界各地的銀行、匯款服務和支付處理商建立了合作夥伴關係。超過 300 家金融公司已加入 Ripple 網絡，合作夥伴名單讀起來就像全球金融名人錄：美國運通、桑坦德銀行、SBI Holdings 和沙烏地阿拉伯英國銀行。

“Crypto purists will always favor Bitcoin's mathematically enforced scarcity and Ethereum's decentralization,” says crypto analyst Michael Novogratz. “But Ripple and XRP recognize that, for institutions to adopt crypto en masse, they need FinCen-regulated companies and asset issuers to ensure compliance. That’s a key advantage over more anarchic crypto projects.”

「加密貨幣純粹主義者總是青睞比特幣在數學上強制的稀缺性和以太坊的去中心化，」加密貨幣分析師 Michael Novogratz 表示。 「但 Ripple 和 XRP 意識到，對於大規模採用加密貨幣的機構來說，他們需要受 FinCen 監管的公司和資產發行人來確保合規性。與更無政府主義的加密項目相比，這是一個關鍵優勢。

Much of XRP's recent surge has been driven by growing confidence that Ripple will prevail in its high-stakes legal battle against the U.S. Securities and Exchange Commission (SEC). In December 2020, the SEC stunned the crypto world by filing a lawsuit alleging that Ripple's sales of XRP constituted an unregistered securities offering totaling $1.3 billion.

XRP 最近的飆升很大程度上是由於人們越來越相信 Ripple 將在與美國證券交易委員會 (SEC) 的高風險法律鬥爭中獲勝。 2020 年 12 月，SEC 提起訴訟，指控 Ripple 銷售 XRP 構成總額 13 億美元的未註冊證券發行，震驚了加密世界。

The SEC argued that, because Ripple retained control over the majority of XRP tokens and monetized the asset through institutional sales, XRP should be considered a security subject to federal regulations. Ripple forcefully disputed the claim, arguing that XRP is a utility cryptocurrency meant to facilitate transactions on its payment network, no different than Bitcoin or Ethereum.

SEC 認為，由於 Ripple 保留了對大多數 XRP 代幣的控制權，並透過機構銷售將資產貨幣化，因此 XRP 應被視為受聯邦法規約束的證券。 Ripple 強烈反駁了這一說法，認為 XRP 是一種實用型加密貨幣，旨在促進其支付網路上的交易，與比特幣或以太坊沒有什麼不同。

For over two years, the legal battle raged as the SEC sought to compel Ripple's executives to testify and provide records detailing the company's XRP marketing and sales efforts. Ripple claimed many documents were shielded by attorney-client privilege, and the presiding judge has appeared sympathetic to the fintech company's arguments.

兩年多來，隨著 SEC 試圖迫使 Ripple 的高層作證並提供詳細說明該公司 XRP 行銷和銷售工作的記錄，這場法律戰愈演愈烈。 Ripple 聲稱許多文件受到律師-委託人特權的保護，主審法官似乎同情這家金融科技公司的論點。

Ripple scored a series of legal wins in late 2024 that buoyed hopes it would prevail over the SEC. In October, Judge Analisa Torres ruled that emails between Ripple employees and outside legal counsel were protected by attorney-client privilege, dealing a setback to the SEC's efforts to obtain internal records. Then in November, Torres issued a pivotal summary judgment agreeing that XRP, the cryptocurrency itself, should not be classified as an investment contract or security under federal laws. While the SEC swiftly appealed that ruling, it was viewed as foreshadowing Ripple's potential victory in the landmark case. With the crypto-friendly Trump administration soon taking over the SEC's leadership, optimism grew that the regulatory cloud hanging over XRP could finally be lifted.

Ripple 在 2024 年底取得了一系列法律勝利，這增強了人們對其戰勝 SEC 的希望。 10 月，法官 Analisa Torres 裁定 Ripple 員工與外部法律顧問之間的電子郵件受到律師-客戶特權的保護，這對 SEC 獲取內部記錄的努力造成了挫折。然後在 11 月，托雷斯發布了一項關鍵的簡易判決，同意加密貨幣 XRP 本身不應被歸類為聯邦法律規定的投資合約或證券。儘管美國證券交易委員會迅速對該裁決提出上訴，但這被視為預示著瑞波幣可能在這一具有里程碑意義的案件中獲勝。隨著對加密貨幣友好的川普政府很快接管 SEC 的領導權，人們越來越樂觀地認為籠罩在 XRP 上的監管陰雲最終可能會被解除。

In November, in what was viewed as a harbinger of Ripple's potential victory, Judge Analisa Torres issued a summary judgment agreeing that the individual XRP tokens themselves are not securities under federal law.

去年 11 月，法官 Analisa Torres 發布了一項簡易判決，同意根據聯邦法律，單一 XRP 代幣本身不屬於證券，這被視為 Ripple 潛在勝利的預兆。

The SEC has appealed that decision, but Ripple's legal prospects have brightened considerably under the new crypto-friendly leadership at the Commission. After Donald Trump's election victory, Paul Atkins, the former SEC commissioner who dissented against regulating XRP as a security in 2020, was nominated as the new Chair.

美國證券交易委員會已對此決定提出上訴，但在委員會新的加密貨幣友善領導下，Ripple 的法律前景已大大光明。唐納德·川普當選後，反對在 2020 年將 XRP 作為證券進行監管的前 SEC 專員保羅·阿特金斯 (Paul Atkins) 被提名為新任主席。

“With this administration change and an impartial reading of the law, I'm confident the SEC's case will be thrown out,” says Franklin. “That would remove a huge cloud of uncertainty over XRP and set the stage for it to compete on an equal playing field with Bitcoin and Ethereum.”

「隨著政府的更迭和對法律的公正解讀，我相信美國證券交易委員會的案件將被駁回，」富蘭克林說。 “這將消除 XRP 的巨大不確定性，並為其與比特幣和以太坊在平等的競爭環境中競爭奠定基礎。”

While the legal overhang lingers, Ripple has pushed forward aggressively to make XRP an integral part of the global payments infrastructure. In November, the company launched the Ripple Liquid USD (RLUSD), a stablecoin backed by real-world assets like cash and U.S. Treasuries.

儘管法律懸而未決，Ripple 仍積極推動 XRP 成為全球支付基礎設施不可或缺的一部分。 11 月，該公司推出了 Ripple Liquid USD (RLUSD)，這是一種由現金和美國國債等現實資產支持的穩定幣。

Stablecoins have emerged as a

穩定幣已經成為一種