波纹（XRP）的供应大幅下降，可能导致供应冲击，进而导致价格逆转。

XRP令牌保留在交易所上的XRP代币下降到27.3亿，并在2023年7月可见。

The supply of Ripple (XRP) saw a substantial drop that could result in supply shock which could in turn cause price reversal.

波纹（XRP）的供应大幅下降，可能导致供应冲击，进而导致价格逆转。

XRP tokens reserved on exchanges declined to 2.73 Billion and maintained this same low seen in July 2023.

XRP令牌保留在交易所上的XRP代币下降到27.3亿，并在2023年7月可见。

The total XRP tokens held by Binance reached 2.73 Billion—a low point that exceeded 3.27 Billion in late 2024 showing 540 Million less tokens.

Binance持有的XRP代币达到了27.3亿，在2024年底，低点超过32.7亿，显示了少5.4亿个令牌。

Exchange reserves typically decreased as investors transferred their tokens into private wallets as this behavior showed interest in long-term storage along with decreased market selling.

由于投资者将其代币转移到私人钱包中，因此交换储量通常会减少，因为这种行为表现出对长期存储的兴趣以及市场销售的减少。

The continuous decline in XRP supply could possibly trigger a supply shock which might lead to an upward price reversal for XRP.

XRP供应的持续下降可能会引发供应冲击，这可能会导致XRP的上价逆转。

> "The reduced exchange reserves may not create enough market strengthening as the majority displayed negative sentiment. The future potential of XRP price could be supported by accumulating scarcity if owners continued buying the digital asset."

>“由于大多数表现出负面情绪，减少的交换储量可能不会产生足够的市场加强。如果业主继续购买数字资产，则可以通过积累稀缺性来支持XRP价格的未来潜力。”

The bullish outlook requiring validation would require price to sustain its upward movement above critical barriers of resistance.

需要验证的看涨前景将需要价格以维持其向上的移动，而不是抵抗的关键障碍。

XRP’s dropping exchange supply was an indication for price growth but failed to provide conclusive evidence without market confirmation.

XRP的交换供应量的下降是价格增长的迹象，但未能在没有市场确认的情况下提供确定的证据。

Discussing the technical side of XRP, Ben Armstrong, a crypto influencer, explained that a shift in open interest was an essential aspect to consider.

加密影响者本·阿姆斯特朗（Ben Armstrong）讨论了XRP的技术方面，他解释说，开放兴趣的转变是要考虑的重要方面。

However, XRP saw an essential shifts in open interest. The open interest level dropped by 70% from around $2.5B in late 2024 to $0.8B.

但是，XRP看到了开放兴趣的基本转变。开放利息水平从2024年底的2.5B美元左右下降了70％，至$ 0.8B。

XRP’s leverage also decreased alongside speculative interest diminished thus leading to the market drop. Also, the funding rates turned negative sometimes, indicating bearish sentiment.

XRP的杠杆作用也随着投机利益的减少而下降，从而导致市场下降。此外，资金率有时会变成负面影响，表明看跌情绪。

Additionally, XRP saw a price peak at the same time social engagement hit its highest point. Social engagement together with hype generated significant changes to the market price before its increase.

此外，XRP的价格峰同时达到了社会参与的最高点。社会参与以及炒作在上涨之前会对市场价格产生重大变化。

The decline of social engagement led to a simultaneous price decrease which established the vital role of social metrics.

社会参与的下降导致同时价格下降，从而确立了社会指标的重要作用。

Future open interest decreases may lead to less price volatility yet showed indications of price stability.

未来的开放利息下降可能会导致价格波动较小，但显示出价格稳定的迹象。

A strong market reset might happen now as the open interest rates remained low while prices were rising as long as the social industry picked up momentum again.

随着开放利率仍然很低，只要社会工业再次获得动力，就可能会发生强大的市场重置。

However, the altcoin faced potential hurdles to maintain bullish price growth as both metrics showed a lack of fresh momentum.

但是，由于两个指标都缺乏新的动力，因此Altcoin面临维持看涨价格增长的潜在障碍。