XRP在市场的潮起潮落中陷入了不稳定的舞蹈，从今年的顶峰开始下降了30％。

Ripple的XRP陷入了不稳定的舞蹈，与市场的潮起潮落，从今年的顶峰开始下降了30％。

The crypto market has been on a roll lately, with several interesting developments unfolding. Among the digital currencies that have been making headlines is Ripple’s XRP, which has seen a 30% plummet from its peak earlier this year. This begs the question: what happened to this digital titan whose bullish catalysts should have propelled it skyward?

加密货币市场最近一直处于滚动状态，并发生了一些有趣的发展。在成为头条新闻的数字货币中，有Ripple的XRP，该货币的XRP今年早些时候的峰值下降了30％。这就引出了一个问题：这个数字巨人的看涨催化剂应该向天空推动它？

Despite a promising increase in the use of Ripple’s stablecoin, RLUSD, which now boasts a daily volume of over $100 million, and other promising platforms like Coreum and Sologenic gaining traction, XRP’s path seems to be haunted by a bearish specter. Oddly enough, even as the Securities and Exchange Commission (SEC) signals potential retreat from its aggressive stance, dropping charges against giants like Coinbase and Gemini and hinting at the possibility of approving a spot XRP ETF, Ripple’s prospects remain shaky. Analysts predict that such approval could usher in a cash influx of over $8 billion in just the first year. Yet, this tantalizing promise hasn’t been enough to shift XRP’s downward trend—at least not yet.

尽管Ripple的Stablecoin Rlusd的使用有望增加，该公司现在每天的数量超过1亿美元，而其他有希望的平台（如Coreum和Sologenic Grow to Traction都获得了吸引力，XRP的道路似乎都被看跌的幽灵所困扰。奇怪的是，即使证券交易委员会（SEC）信号可能从其积极立场撤退，对Coinbase和Gemini等巨人的指控产生了指控，并暗示可能有可能批准XRP ETF的可能性，Ripple的前景仍然放荡。分析师预测，这种批准可能会在第一年就将现金涌入超过80亿美元。但是，这种诱人的承诺还不足以改变XRP的下降趋势，至少还没有。

To understand this better, we need to delve into a theory first crafted nearly a century ago by Richard Wyckoff. His timeless model dissects market movements into four stages: accumulation, where assets stagnate within a narrow band; markup, sparked by increased demand; distribution, a battleground of hesitation; and markdown, where prices spiral downwards. XRP lingered in that first phase for years until a steeper climb in November following a regulatory favoring promise, setting off a rapid markup phase. However, just as quickly, the distribution phase took hold, exposing XRP to greater volatility.

为了更好地理解这一点，我们需要深入研究理查德·威克夫（Richard Wyckoff）在近一个世纪前首先精心设计的理论。他的永恒模型将市场运动分为四个阶段：积累，资产停滞在狭窄的乐队中；标记，需求增加激发；分发，犹豫的战场；和Markdown，价格下降。 XRP在第一阶段徘徊了多年，直到11月在监管方面的偏爱承诺之后，在11月进行了陡峭的攀登，引发了快速加价阶段。但是，同样迅速，分配阶段持续下去，使XRP暴露于更大的波动率。

Another factor contributing to XRP’s recent troubles is the crypto fear and greed index, which has now sunk to an ominous 18. This climate of fear is driving investors to the sidelines, where they await the clouds to part. Such trepidation has left many digital currencies reeling, but the real danger for XRP looms if the coin dips below its critical $2 neckline. From there, further descent beckons, possibly drawing Ripple to the 78.6% retracement level of $1.1395.

XRP最近遇到麻烦的另一个因素是加密恐惧和贪婪指数，该指数现在已经沉入了不祥的18岁。这种恐惧的气氛正在驱使投资者进入场外，在那里他们等待云层的一部分。这种不安的是使许多数字货币引起了兴趣，但是如果硬币下降到关键的2美元领口，则XRP的真正危险笼罩着。从那里，进一步的下降招手可能会吸引涟漪，达到1.1395美元的78.6％回撤水平。

The uncertainty of regulatory shifts and market psychology suggests that XRP’s rollercoaster ride is far from over. Neither optimism nor dread fades swiftly in the cryptosphere, and investors would do well to brace themselves, for the heart of this market beats unpredictably, and only the stalwart remain unshaken as they ride its waves.

监管转变和市场心理学的不确定性表明，XRP的过山车骑行还远远没有结束。乐观主义和恐惧在加密层中都不会迅速消失，投资者会做得很好，因为这个市场的核心会无法预测，只有坚定的人在挥舞着海浪时仍保持不动。