XRP 在市场低迷和鲸鱼倾销中暴跌

XRP 跌破 0.60 美元的原因有多种：更广泛的市场下跌、美国的宏观状况以及鲸鱼的大幅抛售。该加密资产一直承受着持续的看跌压力，与 2024 年第一季度大盘飙升相比，表现不佳 60%。宏观经济状况，包括美国制造业 PMI 数据的修正和持续的通胀担忧，引发了加密市场回调，影响了 XRP 的价值。此外，持有大量 XRP 的投资者发起的分配活动也加剧了该代币的下行压力。

XRP Plummets Amidst Confluence of Market Forces and Whale Activity

XRP 在市场力量和鲸鱼活动的融合下暴跌

The recent depreciation of XRP below the pivotal $0.60 level can be attributed to a confluence of factors, including a broader market downturn, macroeconomic headwinds, and substantial selling pressure from large-scale investors known as "whales."

XRP 最近贬值至 0.60 美元以下的关键水平可归因于多种因素，包括更广泛的市场低迷、宏观经济逆风以及来自被称为“鲸鱼”的大规模投资者的巨大抛售压力。

Sustained Bearish Pressure Amid Market Underperformance

市场表现不佳，持续看空压力

XRP has faced persistent bearish pressure since the beginning of 2024. Despite the significant uptrend experienced by the broader crypto market over the past several months, XRP has failed to capitalize on this momentum. While the crypto market surged by an impressive 63% during the first quarter of 2024, XRP managed a meager 2.25% gain.

自 2024 年初以来，XRP 一直面临持续的看跌压力。尽管过去几个月更广泛的加密货币市场经历了显着的上涨趋势，但 XRP 未能利用这一势头。尽管加密货币市场在 2024 年第一季度飙升了 63%，但 XRP 的涨幅仅为 2.25%。

This lackluster performance has been compounded by a further 5.43% decline in April, pushing XRP below the $0.60 support level and offsetting the modest gains it had accumulated earlier in the year. As of press time, XRP has fallen approximately 2.9% year-to-date, indicating a clear downtrend.

4 月份进一步下跌 5.43%，导致 XRP 跌破 0.60 美元的支撑位，抵消了今年早些时候积累的小幅涨幅，加剧了这种低迷的表现。截至发稿，XRP 年初至今已下跌约 2.9%，显示出明显的下跌趋势。

Crypto Market Bloodbath and Macroeconomic Conditions

加密货币市场大屠杀和宏观经济状况

XRP's latest bearish movements are partially attributable to the ongoing market-wide bloodbath. The crypto market is currently undergoing a significant retracement, with major assets such as Bitcoin (BTC) and Ethereum (ETH) experiencing notable declines. Bitcoin has dropped 6.70% this month, ETH has plunged by 8%, and Solana (SOL) has witnessed a 10% decline within the same time frame. This broader market weakness has weighed heavily on XRP's value.

XRP 最新的看跌走势部分归因于持续的市场大屠杀。加密货币市场目前正在经历大幅回调，比特币（BTC）和以太坊（ETH）等主要资产出现显着下跌。比特币本月下跌 6.70%，ETH 暴跌 8%，Solana (SOL) 同期下跌 10%。这种更广泛的市场疲软严重影响了 XRP 的价值。

Moreover, the broader market collapse has been influenced by macroeconomic conditions in the United States. The recently released US Manufacturing PMI for March, which measures the health of the manufacturing sector, was revised downward to 51.9 from an initial estimate of 52.2. This adjustment has dampened trader optimism regarding a potential Federal Reserve (Fed) rate cut in June, with odds dropping from 60% to 56.9%.

此外，更广泛的市场崩溃还受到美国宏观经济状况的影响。最近公布的衡量制造业健康状况的美国3月份制造业PMI从最初预测的52.2下调至51.9。这一调整削弱了交易者对美联储 (Fed) 6 月份可能降息的乐观情绪，可能性从 60% 降至 56.9%。

The Fed's interest rate decisions have a significant impact on risk asset markets, including cryptocurrencies. Higher interest rates generally make safer investments like bonds more attractive than riskier assets like cryptocurrencies. Fed Chair Jerome Powell's recent comments suggest that the Fed is in no rush to cut rates, which is not a positive indicator for the crypto market.

美联储的利率决定对包括加密货币在内的风险资产市场产生重大影响。较高的利率通常会使债券等更安全的投资比加密货币等风险较高的资产更具吸引力。美联储主席杰罗姆·鲍威尔最近的言论表明美联储并不急于降息，这对加密货币市场来说并不是一个积极的指标。

Concerns about ongoing inflation, despite a slight easing in the Core PCE price index, continue to justify the Fed's decision to maintain higher interest rates for the foreseeable future. The recent manufacturing data, which suggests a stronger economy, has further reduced the likelihood of a rate cut, leading to negative sentiment in the crypto market. As a result, investors are shifting their capital away from cryptocurrencies and into less risky investments like bonds.

尽管核心个人消费支出价格指数略有回落，但对持续通胀的担忧继续证明美联储在可预见的未来维持较高利率的决定是合理的。最近的制造业数据表明经济走强，进一步降低了降息的可能性，导致加密货币市场出现负面情绪。因此，投资者正在将资金从加密货币转向债券等风险较低的投资。

Distribution Campaign by Large Investors

大投资者的分配活动

Another factor contributing to the bearish pressure on XRP is a distribution campaign initiated by large investors known as "whales" and "sharks." Data from Santiment, a blockchain analytics platform, reveals that investors holding between 10,000 and 10,000,000 XRP tokens have been steadily reducing their balances since the beginning of the year.

造成XRP看跌压力的另一个因素是由被称为“鲸鱼”和“鲨鱼”的大型投资者发起的分配活动。区块链分析平台 Santiment 的数据显示，自今年年初以来，持有 10,000 至 10,000,000 XRP 代币的投资者一直在稳步减少其余额。

Specifically, investors holding 10,000 to 100,000 XRP have collectively reduced their balances from 6.86 billion XRP on January 1 to 6.77 billion XRP at the time of this writing. Similarly, those holding 100,000 to 1,000,000 XRP have decreased their balances from 6.72 billion to 6.63 billion XRP over the same period.

具体而言，持有 10,000 至 100,000 XRP 的投资者已将其余额从 1 月 1 日的 68.6 亿 XRP 集体减少至截至本文撰写时的 67.7 亿 XRP。同样，持有 100,000 至 1,000,000 XRP 的人同期其余额从 67.2 亿减少至 66.3 亿。

Furthermore, whale addresses holding between 1,000,000 and 10,000,000 XRP have witnessed a decline in their cumulative balance from 3.72 billion on January 1 to 3.63 billion today. This sustained selloff campaign has contributed significantly to XRP's downward pressure, as large investors appear to be pivoting to other assets.

此外，持有 1,000,000 至 10,000,000 XRP 的鲸鱼地址的累计余额从 1 月 1 日的 37.2 亿下降到今天的 36.3 亿。这种持续的抛售活动极大地加剧了 XRP 的下行压力，因为大型投资者似乎正在转向其他资产。

Conclusion

结论

The recent collapse of XRP below the $0.60 level is primarily attributable to a combination of factors, including a broader market downturn, macroeconomic headwinds, and a distribution campaign by large investors. Despite XRP's relatively better performance compared to the broader market during the current downturn, it remains significantly undervalued year-to-date. At press time, XRP was trading at $0.5966, well below the crucial $0.60 support level.

XRP 最近跌破 0.60 美元的水平主要归因于多种因素，包括更广泛的市场低迷、宏观经济逆风以及大型投资者的分配活动。尽管在当前的低迷时期，XRP 的表现优于大盘，但今年迄今仍被严重低估。截至发稿时，XRP 交易价格为 0.5966 美元，远低于 0.60 美元的关键支撑位。