XRP（加密：XRP）在过去三个月中飙升了480％

XRP（Crypto：XRP）是波纹区块链的本地令牌，在过去三个月中飙升了480％。

The price of XRP (CRYPTO: XRP) has surged 480% during the past three months. That stunning rally boosted XRP's market cap to roughly $180 billion, making it the world's third most valuable cryptocurrency, behind Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

在过去的三个月中，XRP（加密：XRP）的价格飙升了480％。令人惊叹的集会使XRP的市值提高了约1800亿美元，使其成为世界第三大最有价值的加密货币，仅次于比特币（Crypto：BTC）和以太坊（Crypto：eth）。

However, Dom Kwok, a former Goldman Sachs analyst, recently said that he thought XRP's value could soon surpass Ethereum's. For that to happen, XRP's price would need to rise at least another 120%.

但是，前高盛分析师Dom Kwok最近表示，他认为XRP的价值很快就会超过以太坊的价值。为此，XRP的价格至少需要再上涨120％。

Let's look back at XRP's past gains and its potential catalysts to see if that can actually happen.

让我们回顾一下XRP的过去收益及其潜在的催化剂，看看是否真的可以发生。

What sets Ripple apart from other cryptocurrencies?

是什么使连锁反应与其他加密货币区分开来？

Ripple's blockchain is used to route real-time payments, remittance transfers, and currency exchange transactions. It promotes its blockchain-based approach as a cheaper, faster, and more secure alternative to the more widely used SWIFT (Society for Worldwide Interbank Financial Telecommunication) protocol for money transfers. Several smaller financial institutions -- including Travelex Bank, Tranglo, and Sentbe -- already use Ripple's XCurrent network for their transactions.

Ripple的区块链用于路由实时付款，汇款和货币兑换交易。它促进了基于区块链的方法，作为一种更便宜，更快，更安全的替代方法，用于汇款转移的更广泛使用的SWIFT（全球范围内财务电信协会）协议。包括Travelex Bank，Tranglo和Sendbe在内的几家较小的金融机构已经使用Ripple的Xcurrent网络进行交易。

When Ripple launched XRP in 2013, it hoped its customers would adopt the token for their financial transactions. However, most of its customers and clients initially shunned XRP and simply used its XCurrent network to process fiat currency payments.

当Ripple于2013年推出XRP时，它希望其客户能够采用金融交易的令牌。但是，其大多数客户和客户最初都回避XRP，并只是使用其Xcurrent网络来处理法定货币付款。

XRP's earliest trading price was just $0.0058893 per token, but it eventually soared to a record high of $3.84 in January 2018. Like many cryptocurrencies, it got a lift from the market's growing interest in Bitcoin.

XRP最早的交易价格仅为每电代币0.0058893美元，但最终在2018年1月达到了创纪录的3.84美元。像许多加密货币一样，它从市场对比特币的兴趣越来越高。

Yet two major challenges drove its price below $0.20 in 2020. First, the U.S. Securities and Exchange Commission (SEC) sued Ripple in 2020 and claimed its initial XRP token sales were illegal sales of unregistered securities. That lawsuit caused the major trading platforms to delist XRP, and Ripple lost many of its partners. Grayscale, one of the biggest crypto asset managers, also shut down its XRP fund, the XRP Trust.

然而，两个重大挑战的价格在2020年的价格低于0.20美元。首先，美国证券交易委员会（SEC）在2020年起诉Ripple，并声称其最初的XRP代币销售额是未注册证券的非法销售。该诉讼导致主要的交易平台XRP Delist XRP，Ripple失去了许多合作伙伴。 Grayscale是最大的加密资产经理之一，也关闭了其XRP基金XRP Trust。

Second, XRP lacks the scarcity and utility of other leading cryptocurrencies. Ripple mined its entire supply of 100 billion XRP tokens before its launch, and it locked up more than half of those tokens in escrow accounts across its blockchain. It only periodically releases those tokens into its existing supply (57.7 billion tokens) to stabilize XRP's liquidity.

其次，XRP缺乏其他领先的加密货币的稀缺性和效用。 Ripple在推出之前挖掘了其1000亿个XRP代币的全部供应，并锁定了一半以上在其区块链的托管帐户中的代币。它仅定期将这些令牌释放到现有的供应中（577亿个令牌），以稳定XRP的流动性。

Therefore, XRP can't be actively mined like Bitcoin or other proof of work (PoW) coins. It also can't be staked for rewards like proof of stake (PoS) tokens, such as those of Ethereum. And unlike PoS blockchains, Ripple's blockchain can't be used to natively develop decentralized apps (dApps), smaller tokens, and other crypto assets. All of those limitations made XRP seem more like a meme coin than a real long-term challenger to Bitcoin and Ethereum.

因此，XRP不能像比特币或其他工作证明（POW）硬币那样积极开采。它也不能像以太坊那样的股权证明（POS）令牌（例如股权证明（POS）令牌。与POS区块链不同，Ripple的区块链不能用于开发分散的应用程序（DAPP），较小的令牌和其他加密资产。所有这些限制使XRP看起来更像是模因硬币，而不是对比特币和以太坊的真正长期挑战者。

So why is XRP's price skyrocketing?

那么，为什么XRP的价格飞涨？

XRP's biggest headwind dissipated last August after the SEC lawsuit concluded with a lighter-than-expected fine. But the SEC appealed that ruling earlier this month, and that pressure prevented XRP's price from bouncing back.

SEC诉讼以比预期轻的结束后，XRP最大的逆风消失了。但是SEC在本月早些时候提出了裁决，这一压力阻止了XRP的价格反弹。

Yet most of the major crypto trading platforms relisted XRP after that ruling. Grayscale also relaunched its XRP Trust as a new closed-end fund (CEF) for accredited investors, and several firms registered to sponsor their own spot XRP ETFs.

然而，大多数主要加密交易平台在裁决之后都使XRP恢复了。 Grayscale还重新启动了其XRP信托，作为认可的投资者的新封闭式基金（CEF），并注册了几家公司以赞助自己的Spot XRP ETF。

However, the strongest catalyst for XRP kicked in last November when Donald Trump won the U.S. presidential election. Trump plans to loosen the government's grip on the crypto market, and his recent appointment of the crypto-friendly Mark Uyeda as the acting SEC chair strongly suggests the agency will stop pursuing its case against Ripple.

但是，XRP的最强催化剂在去年11月赢得了美国总统大选时踢了。特朗普计划放弃政府对加密货币市场的控制，他最近任命了对加密货币友好的马克·乌耶达（Mark Uyeda），因为代理SEC主席强烈建议该机构将停止对Ripple提起诉讼。

In December, the New York Department of Financial Services also approved Ripple's planned launch of a new stablecoin pegged to the U.S. dollar. That approval could draw more financial institutions to its blockchain and stabilize XRP's price.

去年12月，纽约金融服务部还批准了Ripple计划推出的新Stablecoin与美元挂钩。该批准可能会吸引更多的金融机构，并稳定XRP的价格。

To address its lack of a developer ecosystem, Ripple plans to integrate Ethereum-compatible smart contracts into a new sidechain tethered to the XRP ledger, where all transactions are recorded. That move might make XRP payments more appealing to Ethereum-based developers.

为了解决其缺乏开发人员生态系统，Ripple计划将与以太坊兼容的智能合约整合到一个新的Sidechain中，并将所有交易记录到XRP Ledger上。此举可能会使XRP付款对基于以太坊的开发人员更具吸引力。

To further expand that ecosystem, Ripple has been promoting itself as a platform for tokenizing real-world assets (RWA) like real estate, artworks, and other objects. Unlike non-fungible tokens (NFTs), which are tokenized digital assets, tokenized RWAs grant the owner custody of the underlying physical object. They can also be used to split the ownership of a physical object among multiple token holders. If more of those assets are tokenized, more people could use XRP to buy them.

为了进一步扩展该生态系统，Ripple一直在提升自己，作为将现实世界资产（RWA）等平台（例如房地产，艺术品和其他对象）提升。与具有令牌化数字资产的无牙代币（NFTS）不同，令牌化的RWA授予所有者对基础物理对象的监护权。它们还可以用来将物理对象的所有权分配给多个令牌持有者。如果更多的资产被标记化，则更多的人可以使用XRP购买。

But will XRP's price soar another 120%?

但是XRP的价格会再飙升120％吗？