XRP 期货 OI 在 48 小时内下跌 10 亿美元，引发人们对复苏可持续性的担忧

XRP’s futures open interest dropped by $1 billion in 48 hours, falling from $2.9 billion. This sharp decline followed a failed breakout rally that briefly fueled optimism.

XRP 的期货未平仓合约在 48 小时内减少了 10 亿美元，从 29 亿美元下降。此次大幅下跌是在短暂刺激乐观情绪的突破性反弹失败之后出现的。

As traders withdrew capital, the drop in OI revealed rising bearish sentiment. The failure to breach key resistance levels has increased skepticism about XRP’s near-term prospects and market activity.

随着交易员撤出资金，持仓量的下降揭示了看跌情绪的上升。未能突破关键阻力位增加了人们对 XRP 近期前景和市场活动的怀疑。

XRP: Critical investor uncertainty?

XRP：投资者面临重大不确定性？

The XRP Price DAA Divergence highlighted a critical mismatch between price performance and network activity.

XRP 价格 DAA 背离凸显了价格表现与网络活动之间的严重不匹配。

As XRP’s price surged in late November, DAA divergence turned sharply negative, signaling that network engagement failed to scale alongside the rally.

随着 XRP 价格在 11 月底飙升，DAA 背离急剧转为负值，这表明网络参与度未能随着上涨而扩大。

This divergence suggests the price movement was driven more by speculative trading rather than organic network growth or utility adoption.

这种差异表明价格变动更多地是由投机交易驱动的，而不是有机网络增长或公用事业采用。

In the aftermath of the rally, DAA divergence remained in negative territory, reflecting persistent skepticism among on-chain participants.

在上涨之后，DAA 背离仍处于负值区域，反映出链上参与者持续的怀疑态度。

Without an uptick in active addresses, the price’s ability to sustain momentum may be in jeopardy.

如果活跃地址不增加，价格维持势头的能力可能会受到威胁。

The absence of strong on-chain activity — despite the recent surge — raises concerns about the sustainability of any near-term recovery and could keep XRP locked in a consolidated or downward trend unless network fundamentals improve.

尽管最近出现了激增，但缺乏强劲的链上活动引发了人们对短期复苏可持续性的担忧，并且除非网络基本面改善，否则 XRP 可能会陷入巩固或下降趋势。

Critical levels to watch

值得关注的关键水平

XRP’s price action remains at a pivotal moment, defined by a prolonged consolidation phase beneath the $2.73 resistance level.

XRP 的价格走势仍处于关键时刻，即 2.73 美元阻力位下方的长期盘整阶段。

Over the past month, the token has shed 20% of its value, yet it has managed to hold firm above the critical $2.00 support.

在过去的一个月里，该代币的价值已经下跌了 20%，但它仍然坚守在 2.00 美元的关键支撑位之上。

This level serves as both a psychological and technical anchor, preventing further declines despite the mounting uncertainty in broader market conditions.

尽管更广泛的市场状况不确定性不断增加，但该水平既是心理锚又是技术锚，可防止进一步下跌。

Price charts display a neutral RSI reading of 50.98, indicating a lack of clear directional bias among traders. Meanwhile, trading volume remains relatively low, underscoring the absence of significant buying pressure.

价格图表显示中性 RSI 读数为 50.98，表明交易者缺乏明确的方向偏差。与此同时，交易量仍然相对较低，表明不存在重大购买压力。

Similarly, OBV trends highlight muted capital inflows, raising questions about the token’s ability to sustain upward momentum without renewed interest.

同样，OBV 趋势凸显了资本流入疲软，引发了人们对该代币在不重新产生兴趣的情况下维持上涨势头的能力的质疑。

A break above $2.73 could pave the way for a rally toward XRP’s all-time high of $3.31, reigniting investor optimism.

突破 2.73 美元可能为 XRP 升至历史高点 3.31 美元铺平道路，从而重新点燃投资者的乐观情绪。

Conversely, a breach of the $2.00 support would likely exacerbate the current stagnation, deepening bearish sentiment.

相反，突破 2.00 美元的支撑位可能会加剧当前的停滞，加深看跌情绪。

Until a decisive catalyst emerges, XRP appears locked in a state of cautious equilibrium, with its next move resting on broader market dynamics and the restoration of network confidence.

在决定性催化剂出现之前，XRP 似乎锁定在谨慎的平衡状态，其下一步行动取决于更广泛的市场动态和网络信心的恢复。