XRP（加密：XRP）在过去四个月中增长了400％，最好的可能还没有

在过去的四个月中，XRP（加密：XRP）很容易成为加密货币市场中表现最好的人之一。在那段时间里，XRP的提高了400％

Part of the crypto market that has been heating up rapidly in recent months is that of largely unheralded tokens. Some of the biggest winners in the crypto market so far this year have been tokens like FanToken (AC Milan), STEPN (GMT), and Flow (FLOW).

近几个月来，加密市场一直在迅速加热的一部分是很大程度上没有保守的令牌。今年迄今为止，加密货币市场上一些最大的赢家是Fantoken（AC Milan），Stepn（GMT）和Flow（Flow）等代币。

These tokens have outperformed Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) in 2025, and they’ve also managed to gain on several other popular tokens like SHIB (CRYPTO:SHIB) and ADA (CRYPTO:ADA).

这些令牌在2025年的表现优于比特币（Crypto：BTC）和以太坊（Crypto：ETH），并且他们还设法获得了其他几个受欢迎的代币（例如Shib（Crypto：Shib）和Ada（Crypto）（crypto：ADA）等其他受欢迎的令牌。

Among the best-performing tokens of the past four months is XRP (CRYPTO:XRP). Since March 1, when XRP was trading around $2.50, the token has risen by a staggering 400%.

在过去四个月中表现最佳的令牌中是XRP（加密：XRP）。自3月1日以来，当XRP交易约2.50美元时，令牌上升了400％。

If you missed out on the rally in XRP, there might still be time to get in on some gains as the token could be setting up for another big move. Here’s a breakdown of what’s going on with XRP and what could happen next.

如果您错过了XRP的集会，那么可能仍然有时间获得一些收益，因为代币可能正在为另一个大动作设置。这是XRP发生的事情以及接下来可能发生的事情的细分。

What happened with the SEC lawsuit?

SEC诉讼发生了什么？

If you haven’t been following the long, drawn-out legal proceedings that played out between the Securities and Exchange Commission (SEC), XRP, and Ripple (the company behind the XRP token), consider yourself lucky. The case, which began in December 2020, took many twists and turns and was difficult to follow. Just when it seemed like the case was coming to an end, it would somehow extend even longer.

如果您还没有遵循证券交易委员会（SEC），XRP和Ripple（XRP代币背后的公司）之间进行的漫长，提出的法律诉讼，请认为自己很幸运。该案始于2020年12月，发生了许多曲折，很难遵循。就在案件即将结束时，它会以某种方式扩展更长的时间。

At the heart of the lawsuit was the question of whether XRP is a security or a commodity. And to answer that question, the courts were using a legal precedent (known as the Howey Test) from a 1946 Supreme Court case that had to do with a company selling Florida orange groves. That might help explain why the case took so long; if you think comparing apples to oranges is difficult, what about comparing cryptos to oranges?

诉讼的核心是XRP是安全还是商品的问题。为了回答这个问题，法院正在使用1946年最高法院案件的法律先例（称为Howey测试），该案件与出售佛罗里达橙色格罗夫斯的公司有关。这可能有助于解释为什么案件花了这么长时间。如果您认为将苹果与橙子进行比较很困难，那么将加密货币与橙子进行比较呢？

The good news is that a final decision in the case is now expected to come by April 16, which is the next anticipated court date for the case. After more than four years of countless legal back-and-forth, we might finally have a resolution. And nothing the market likes better than certainty.

好消息是，该案的最终决定预计将于4月16日提出，这是该案的下一个预期法庭日期。经过四年多的来回法律，我们终于可以解决。市场比确定性更好。

What’s next for XRP?

XRP的下一步是什么？

Thus far in 2025, the SEC has already dismissed several high-profile crypto lawsuits. But after filing an appeal in January, it has been strangely silent about the one case that everyone is watching: the case against Ripple.

到目前为止，在2025年，SEC已经驳回了几项备受瞩目的加密诉讼。但是，在一月份提出上诉后，对每个人都在观看的一个案件感到奇怪地保持沉默：针对Ripple的案件。

Given the clear pro-crypto emphasis of the Trump administration, the thinking now is that whatever happens next will be in XRP’s favor. As hard as the SEC has been pressing its case, it doesn’t really hold the right cards any more.

鉴于特朗普政府明确的亲克莱普托强调，现在的想法是，接下来发生的任何事情都会有利于XRP。尽管SEC一直在按下案件，但它实际上不再保留正确的卡。

Even if the SEC tries to extend this case beyond April, the Trump administration has several important levers it can pull to shut down the case once and for all. Some have speculated that Trump could send Elon Musk and DOGE to look into activity at the SEC, or he might encourage the recently formed Senate Crypto Subcommittee to investigate the SEC for regulatory overreach. And if neither of those work, he might simply sign an executive order.

即使美国证券交易委员会（SEC）试图将此案扩展到4月以外，特朗普政府也有几个重要的杠杆，可以一劳永逸地关闭该案件。一些人推测，特朗普可以派埃隆·马斯克（Elon Musk）和道德（Doge）在SEC进行活动，或者他可能会鼓励最近成立的参议院加密货币小组委员会调查SEC的监管过度。如果这两个工作都没有，他可能只是签署行政命令。

How high could XRP go?

XRP可以去多高？

In a best-case scenario that involves only the final resolution of the SEC court case, it’s possible that XRP could rise back to its all-time high of $3.84. But let’s think bigger.

在仅涉及SEC法院案件的最终解决方案的最佳情况下，XRP可能会恢复到其历史最高的3.84美元。但是，让我们思考更大。

XRP could be included as part of the new Crypto Strategic Reserve that the Trump administration has proposed, so it’s easy to find price forecasts as high as $10 for XRP. In fact, some analysts think that XRP might eventually soar as high as $100 as long as the entire crypto market continues to move higher.

XRP可以作为特朗普政府提出的新加密战略储备的一部分，因此很容易找到XRP的价格预期高达10美元。实际上，一些分析师认为，只要整个加密货币市场继续提高，XRP最终可能会飙升至100美元。

Another factor that could send XRP higher is the launch of a new spot exchange-traded fund (ETF). The likelihood of XRP getting a spot ETF this year will be enhanced considerably if the regulatory cloud over Ripple and XRP is cleared up. The launch of a new spot ETF is key, as it ensures a fresh new influx of investor money into XRP.

可能使XRP更高的另一个因素是推出了新的现货交易所基金（ETF）。如果清除波纹和XRP的调节云，XRP今年获得ETF的可能性将大大增强。推出新的ETF是关键，因为它确保了新的投资者资金涌入XRP。

Right now, Bloomberg is projecting the probability of a spot XRP ETF at 65%. That was based on the understanding that there’s no way the SEC would approve an ETF if there are still regulatory issues swirling around XRP. But if the SEC case gets wrapped up by April, then it becomes quite possible that a spot ETF might arrive later this year.

目前，彭博社将Spot XRP ETF的概率投射为65％。这是基于这样的理解：如果仍然存在XRP旋转的监管问题，SEC绝不会批准ETF。但是，如果SEC案件在四月之前结束，那么ETF很有可能在今年晚些时候到达。

The bottom line

底线

What you need to know as an investor is that a very big catalyst is coming within the next 45 days, and it makes XRP a very attractive investment target right now. So keep your powder dry. The lifting of the regulatory clouds over the crypto industry is creating plenty of new investment opportunities with significant upside potential.

作为投资者，您需要知道的是，一个非常大的催化剂将在接下来的45天内出现，这使XRP现在成为非常有吸引力的投资目标。因此，保持粉末干燥。将监管云提升到加密货币行业正在创造许多具有巨大上升潜力的新投资机会。