XRP在市场湍流中的十字路口

加密货币市场是一个永久振荡的领域，在欣快的高潮和醒目的低点之间，发现XRP处于关键时刻。

Cryptocurrency market, a realm perpetually oscillating between euphoric highs and sobering lows, finds XRP at a critical juncture. After a period of promising recovery, the altcoin’s ascent has hit a formidable roadblock at the $2.56 resistance level. This barrier has stubbornly repelled two attempts at a breakout this month, and its persistence is raising concerns about a potential stall in XRP’s bullish momentum.

加密货币市场是一个永久振荡的领域，在欣快的高潮和醒目的低点之间，发现XRP处于关键时刻。经过一段有希望的恢复后，Altcoin的上升以2.56美元的阻力水平撞到了一座巨大的障碍。这个障碍在本月的突破中顽固地击退了两次尝试，它的持久性引起了人们对XRP看涨势头潜在摊位的担忧。

This consolidation is a factor of the crypto’s price action, which has seen limited gains despite showing signs of bullish attempts. Two previous tries to pierce through the resistance at $2.56, which is the final level needed to reach $3.00, were quickly snuffed out.

这种合并是加密货币价格行动的一个因素，尽管表现出了看涨企图的迹象，但收益有限。前两次试图以2.56美元的价格刺穿电阻，这是达到3.00美元所需的最终水平，很快就被淘汰了。

The failures to breakout come amid an alarmingly high Network Value to Transaction (NVT) ratio that reached a five-year high in January 2020. At the same time, data from blockchain analytics firm Glass Node shows that XRP’s network growth, measured by the rate of new addresses joining the network, dropped to its lowest point in four months.

未能突破的事件出现在2020年1月的交易（NVT）比率高五年的网络价值（NVT）之上。与此同时，区块链分析公司玻璃节点的数据表明，XRP的网络增长，通过连接到该网络的新地址速度衡量，在四个月内下降到最低点。

A high NVT ratio, which compares a cryptocurrency’s market capitalization to the volume of transactions conducted on its network, is typically a good indicator of investor optimism. However, an NVT that is outpacing network activity, which is indicated by low volumes, suggests that investors’ bullishness may not be translating into actual growth and usage of the network.

高NVT比率将加密货币的市值与网络上进行的交易量进行了比较，通常是投资者乐观的良好指标。但是，一个超过网络活动的NVT表明，这表明投资者的看涨性可能不会转化为网络的实际增长和使用。

This disparity can be a sign of an overheated market, which could be due to initial hype and exuberance that is quickly burning out. In a bear market, a high NVT signals that the market capitalization is decreasing despite a constant transaction volume, which indicates a lack of demand for the cryptocurrency.

这种差异可能是一个过热市场的迹象，这可能是由于最初的炒作和旺盛而迅速烧毁的。在熊市中，高NVT信号表明，尽管交易量持续不断，市值正在减少，这表明对加密货币的需求不足。

This lack of demand, in turn, could lead to further price declines as sellers outpace buyers. Ultimately, a high NVT in a bear market is a bearish signal, suggesting that the market is overvalued and could be due for a correction.

反过来，由于卖方超过买家，这种需求不足可能会导致进一步的价格下跌。最终，熊市中的高NVT是一个看跌信号，这表明该市场被高估了，可以进行更正。

In the case of XRP, the current NVT suggests that the altcoin’s recent value is being driven by speculative interest. This lack of fundamental support for XRP’s price is a bearish signal, especially in the case of an overheated market, as it indicates that the price is not sustainable in the long term.

就XRP而言，当前的NVT表明，Altcoin的最新价值是由投机性兴趣驱动的。缺乏对XRP价格的基本支持是一个看跌信号，尤其是在过热市场的情况下，这表明价格从长期来看是不可持续的。

The implications of this stalled ascent are multifaceted. It casts doubt on the prevailing bullish narrative, which had been gaining traction in the wake of recent legal victories and regulatory developments. Moreover, it raises the specter of a prolonged consolidation phase, wherein XRP’s price remains confined within a narrow range, frustrating traders and investors alike.

这个失速上升的含义是多方面的。它对现行的看涨叙述产生了怀疑，在最近的法律胜利和监管发展之后，这种叙述一直在吸引人。此外，它提高了一个延长的合并阶段的幽灵，其中XRP的价格仍然被限制在狭窄的范围内，这使交易员和投资者都令人沮丧。

After showing signs of a promising recovery, the hot cryptocurrency has hit a snag in its bullish run. Its rally appears to have stalled at the $2.56 resistance, an important level that marks the final barrier before reaching the coveted $3.00 mark.

在显示出有希望恢复的迹象之后，热的加密货币在看涨的奔跑中遇到了障碍。它的集会似乎已经停滞在2.56美元的阻力下，这是一个重要的水平，在达到令人垂涎的3.00美元大关之前，标志着最终的障碍。

Despite showing signs of bullish momentum earier this month, attempts to break above the $2.56-$2.58 resistance have been quickly snuffed out. These failed breakout attempts suggest that the bears are still in control, and that the bulls may need more strength to push through this key resistance zone.

尽管本月表现出了看涨势头的迹象，但试图超越2.56美元至2.58美元的抵抗力的尝试很快就被淘汰了。这些失败的突破性尝试表明，熊仍在控制中，公牛可能需要更大的力量来推动这一关键阻力区域。

Moreover, the recent decline in network growth, which is a crucial indicator of a cryptocurrency’s traction in the market, signals a slowdown in the adoption of XRP.

此外，最近网络增长的下降是加密货币在市场上吸引的关键指标，这表明采用XRP的采用速度放缓。

A growing number of active addresses typically signifies increased adoption, which in turn drives demand and price appreciation. However, the lack of new address creation suggests that XRP is struggling to attract new investors, which could dampen its long-term outlook.

越来越多的主动地址通常表示采用的增加，这反过来促进了需求和价格升值。但是，缺乏新的地址创建表明XRP正在努力吸引新的投资者，这可能会削弱其长期前景。

This lack of incentive for new investors to join the network can be attributed to several factors, including regulatory uncertainties, competition from other cryptocurrencies, and the prevailing market conditions.

新投资者加入该网络的动力缺乏动力可以归因于几个因素，包括监管不确定性，其他加密货币的竞争以及现行的市场状况。

However, a lack of adoption ultimately hinders a crypto’s price growth and raises concerns about its long-term viability, especially in a bear market where every bit of bullish strength matters.

但是，缺乏收养最终阻碍了加密货币的价格增长，并引起了人们对其长期生存能力的担忧，尤其是在熊市中，每一个看涨的力量都重要。

The lack of network growth is also a cause for concern because it suggests that the bulls may not have enough strength to break through the key resistance at $2.56. This consolidation phase could continue if the market conditions remain the same.

缺乏网络增长也引起了人们的关注，因为它表明公牛可能没有足够的力量来突破2.56美元的关键阻力。如果市场状况保持不变，则可以继续进行整合阶段。

If the bears manage to push below the critical support at $2.27, then a deeper decline could open up the way for a drop to $2.14 or lower. Such a move would erase a portion of the recent recovery from the lows of $2.00, signaling a strong bearish force.

如果熊队设法以2.27美元的价格推高关键支持，那么更深的下降可能会以下降至2.14美元或更低的方式开辟道路。这样的举动将消除最近从2.00美元的低点回收的一部分，这表明看跌力强大。

The continuation of this downward movement would reinforce the bearish outlook and suggest that the sellers are in complete control. It could lead to a prolonged period of price stagnation or a more rapid selloff, depending on the nature of the market.

这种向下运动的继续将加强看跌的前景，并暗示卖方完全控制了。根据市场性质，这可能会导致价格停滞的时间长期或更快的抛售。

On the other hand, a breach of the $2.56-$2.58 resistance and a subsequent flip of this level into support would invalidate the bearish thesis and pave the way for a bullish continuation.

另一方面，违反了2.56美元至2.58美元的抵抗力，随后对此水平进行支持将使看跌论文无效，并为看涨的延续铺平了道路。

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