XRP价格预测：资产会在压力下继续交易吗？

XRP最近几周一直在压力下交易，失去了其在2024年末至2025年初集会期间建立的大部分势头。

In recent times, XRP has been trading fiercely, losing a significant portion of the momentum it gained during its late-2024 to early-2025 rally. After surging to highs above $3.40, the asset has experienced an 18.3% downturn over the past month, a decline that can be attributed to broader market softness.

近来，XRP一直在猛烈交易，失去了在2024年末至2025年初集会期间获得的大部分势头。在高达3.40美元以上的高价上升之后，该资产在过去一个月中经历了18.3％的衰退，这可能归因于更广泛的市场柔软度。

At present, XRP trades considerably below its peak at a price of $2.06, with muted investor activity and decreasing market participation across both spot and derivatives markets.

目前，XRP以2.06美元的价格交易低于其顶峰，投资者活动的活动和衍生品市场的市场参与下降。

Amid XRP's decline, an analyst from CryptoQuant, known as EgyHash, has been keeping a close eye on the altcoin's on-chain trends. In a recent post titled "XRP's Market Paradox: With Ledger Activity Dipping 80%, Is a Rebound on the Horizon?" EgyHash shared his observations.

在XRP的下降中，来自CryptoFant的分析师（被称为Egyhash）一直密切关注Altcoin的链链趋势。在最近的一篇题为“ XRP的市场悖论：Ledger Activity下降80％的帖子中，是一个反弹？” Egyhash分享了他的观察。

According to EgyHash, XRP's on-chain and futures market data present a mixed picture—declining activity but resilience in price.

根据XRP的链链和期货市场数据的埃及哈什（Egyhash）的说法，呈现出不同的情况，即行动，但价格具有弹性。

EgyHash noted that XRP Ledger activity has fallen sharply since December, with the percentage of active addresses dropping by 80%. Similarly, open interest in the futures market has declined roughly 70% from its highs, and funding rates have occasionally turned negative. These observations suggest a decrease in leveraged activity and perhaps weaker overall market optimism.

Egyhash指出，自12月以来，XRP Ledger活动急剧下降，主动地址的百分比下降了80％。同样，期货市场的开放兴趣从其最高点下降了约70％，筹资率偶尔会变成负面。这些观察结果表明，杠杆活动的减少以及总体市场乐观的较弱。

The analyst stated that the Estimated Leverage Ratio, which measures average user leverage by comparing open interest to coin reserves, has also dropped significantly. This decline indicates that traders are generally using less leverage, which could be a response to the current market softness and heightened volatility.

分析师指出，估计的杠杆比率通过将开放兴趣与硬币储量进行比较来衡量平均用户杠杆作用，也已大大下降。这种下降表明，交易者通常使用较少的杠杆作用，这可能是对当前市场柔软性和增强波动率的回应。

Despite these indicators pointing toward weakening momentum, the altcoin's price has only declined about 35% from its peak. This is a milder correction compared to other assets such as Ethereum, which has fallen roughly 60% over the same period.

尽管这些指标表明势头减弱，但Altcoin的价格从其顶峰下降了约35％。与其他资产（例如以太坊）相比，这是一种温和的校正，在同一时期，大约下降了60％。

Additionally, the altcoin's Exchange Reserve has continued to decline, reaching levels last observed in July 2023. Lower reserves typically suggest that fewer tokens are available for immediate sale, a factor that can help support prices during market downturns.

此外，Altcoin的交易储备继续下降，在2023年7月上次观察到的水平。较低的储备通常表明，可以立即销售的代币更少，这一因素可以帮助支持市场低迷的价格。

According to EgyHash, this trend, along with relatively stable pricing, could indicate growing long-term confidence in the asset.

根据埃及哈什（Egyhash）的说法，这种趋势以及相对稳定的定价可能表明对资产的长期信心越来越大。

While on-chain metrics provide valuable insights, institutional developments could further strengthen market sentiment. In a move to diversify investment offerings in the crypto market, Hong Kong-based investment firm HashKey Capital recently announced the launch of the HashKey XRP Tracker Fund.

虽然链上指标提供了宝贵的见解，但机构发展可以进一步加强市场情绪。为了使在加密货币市场的投资产品多样化，总部位于香港的投资公司Hashkey Capital最近宣布了Hashkey XRP Tracker Fund的启动。

Set to be the first XRP-focused investment vehicle in Asia, the fund will be tracking the price of XRP and is backed by Ripple as the anchor investor. The initiative is designed to attract more institutional capital into the XRP ecosystem.

该基金将成为亚洲的首款以XRP为重点的投资工具，将跟踪XRP的价格，并由Ripple作为主播投资者的支持。该计划旨在吸引更多的机构资本进入XRP生态系统。

This venture will later transition into an exchange-traded fund (ETF), pending regulatory approval, making it easily accessible to a wider range of investors.

该冒险将随后过渡到待批准的交换基金（ETF），使得更广泛的投资者可以轻松获得它。

HashKey Capital has also hinted at the possibility of introducing tokenized investment products and decentralized finance (DeFi) solutions in collaboration with Ripple.

Hashkey Capital还暗示了与Ripple合作推出令牌化投资产品和分散融资（DEFI）解决方案的可能性。

Highlighting the strategic value of this partnership, Vivien Wong, a partner at HashKey, noted the importance of integrating Ripple's network with regulated investment infrastructure across Asia.

Hashkey的合伙人Vivien Wong强调了这种合作伙伴关系的战略价值，他指出了将Ripple网络与整个亚洲的投资基础设施相结合的重要性。

This move underscores the increasing interest in cryptocurrencies among institutional players and the role of bridging the gap between traditional and digital finance.

这一举动强调了机构参与者中对加密货币的兴趣越来越多，以及弥合传统金融和数字金融之间差距的作用。

Although the altcoin faces immense pressure in the near term, long-term developments, including decreasing exchange reserves and rising institutional interest, may support the recovery of XRP as the broader market shows signs of stabilization.

尽管Altcoin在短期内面临巨大的压力，但由于更广泛的市场表现出稳定的迹象，包括减少交换储备和机构利益的长期发展可能支持XRP的恢复。