随着鲸鱼在看跌的市场情绪中抛售代币，XRP 波动性飙升

在全球加密货币市场下跌的情况下，XRP 的价格于 4 月 3 日暴跌至 0.57 美元以下。鲸鱼投资者令人震惊的抛售趋势加剧了最近的低迷，他们已将持有的 XRP 减至 30 天低点 449 亿。这次价值约 1.7 亿美元的大规模抛售使市场上充斥着代币，给价格带来了巨大的下行压力。

XRP Price Volatility Intensifies Amidst Whale Sell-Off and Bearish Market Sentiment

XRP 价格波动在鲸鱼抛售和看跌市场情绪中加剧

The cryptocurrency market has witnessed a significant downturn on April 3, with Ripple's XRP token falling below the $0.57 mark. However, an alarming trend among whale investors threatens to further exacerbate the downtrend, raising concerns for the future of XRP.

4 月 3 日，加密货币市场出现大幅下滑，Ripple 的 XRP 代币跌破 0.57 美元大关。然而，鲸鱼投资者中令人担忧的趋势可能会进一步加剧下跌趋势，引发人们对 XRP 未来的担忧。

SEC Fine Shadows XRP's Price Performance

SEC Fine Shadows XRP 的价格表现

Ripple has been embroiled in a protracted legal battle with the US Securities and Exchange Commission (SEC) for over two years. On March 25, Ripple CEO Brad Garlinghouse disclosed that the SEC was seeking to impose a hefty $1.95 billion fine on the company, accusing it of illegally selling securities through its XRP token offerings.

Ripple 与美国证券交易委员会 (SEC) 卷入了一场旷日持久的法律诉讼已有两年多了。 3 月 25 日，Ripple 首席执行官布拉德·加林豪斯 (Brad Garlinghouse) 透露，美国证券交易委员会 (SEC) 正寻求对该公司处以 19.5 亿美元巨额罚款，指控其通过 XRP 代币发行非法出售证券。

The SEC's filing sent shockwaves through the XRP community, with traders speculating on the potential impact of the fines. However, Ripple's CEO assured investors that the company was well-prepared to cover the costs.

美国证券交易委员会的文件在 XRP 社区引起了震动，交易员纷纷猜测罚款的潜在影响。然而，Ripple 首席执行官向投资者保证，该公司已做好充分准备来承担成本。

Whale Investors Exit, Putting Downward Pressure on XRP

鲸鱼投资者退出，给 XRP 带来下行压力

Despite Ripple's assurances, on-chain data reveals a concerning trend among whale investors and corporate entities holding substantial amounts of XRP. Whale investors, defined as those holding at least 1 million XRP, have been rapidly shedding their holdings in the wake of the SEC's fine motion.

尽管 Ripple 做出了保证，但链上数据显示，持有大量 XRP 的鲸鱼投资者和企业实体存在令人担忧的趋势。鲸鱼投资者（被定义为持有至少 100 万 XRP 的投资者）在美国证券交易委员会的罚款动议后迅速减持。

According to data from Santiment, whale wallet balances have plummeted by over 290 million coins since March 29, reaching a 30-day low of 44.9 billion at the time of writing. This massive sell-off, valued at approximately $170 million at current prices, has flooded the market with XRP tokens, exerting significant downward pressure on the price.

根据 Santiment 的数据，自 3 月 29 日以来，鲸鱼钱包余额已暴跌超过 2.9 亿个币，截至撰写本文时达到 30 天低点 449 亿个。按当前价格计算，这次大规模抛售价值约为 1.7 亿美元，市场上充斥着 XRP 代币，对价格造成了巨大的下行压力。

Retail Traders Follow the Whale Trajectory

零售贸易商追随鲸鱼轨迹

Smaller retail traders, who often follow the lead of deep-pocketed whales, may be reluctant to take a bullish position against such a dominant selling force. If retail traders join the bearish bandwagon, XRP could face difficulties in initiating a meaningful rebound in the near term.

经常追随财力雄厚的鲸鱼的小型零售交易商可能不愿意对这种占主导地位的抛售力量采取看涨立场。如果零售交易者也加入看跌行列，XRP 可能会在短期内难以发起有意义的反弹。

Derivatives Market Signals Bearish Sentiment

衍生品市场信号看跌情绪

The bearish outlook for XRP is further supported by trends observed in the derivatives market. Coinglass' funding rate metric, which tracks the fees paid between long and short traders in perpetual futures contracts, has dropped to its lowest level in 10 days.

衍生品市场的趋势进一步支持了 XRP 的看跌前景。 Coinglass 的资金费率指标（追踪永续期货合约多头和空头交易者之间支付的费用）已降至 10 天内的最低水平。

A decline in funding rate typically indicates a growing negative sentiment among bull traders who are betting on a price increase. If bull traders reduce their long positions, it could open the door for further price declines in the days ahead.

融资利率下降通常表明押注价格上涨的多头交易者的负面情绪日益增长。如果多头交易者减少多头头寸，则可能为未来几天价格进一步下跌打开大门。

XRP Price Forecast: Downswing Possible

XRP 价格预测：可能下跌

The combination of whale sell-offs and declining funding rates suggests that XRP may be on the verge of a significant price downswing. After a 11.7% decline from March 29, XRP price has fallen below the 20-day simple moving average and is hovering precariously above the lower Bollinger band at $0.58.

鲸鱼抛售和融资利率下降相结合表明 XRP 可能正处于价格大幅下跌的边缘。自 3 月 29 日以来下跌 11.7% 后，XRP 价格已跌破 20 日简单移动平均线，并在布林线下轨 0.58 美元上方不稳定地徘徊。

If this critical support level fails, bears could gain momentum and force a larger reversal below $0.55. Conversely, if bulls manage to break above the $0.62 resistance, they could regain control of the markets. However, this scenario appears unlikely at present given the overwhelming selling pressure from whale investors.

如果这一关键支撑位失灵，空头可能会获得动力，并迫使价格出现更大逆转，跌破 0.55 美元。相反，如果多头能够突破 0.62 美元的阻力位，他们可能会重新控制市场。然而，鉴于鲸鱼投资者的巨大抛售压力，目前这种情况似乎不太可能发生。

Conclusion

结论

XRP's downward trajectory has been exacerbated by a combination of negative factors, including the SEC fine, whale sell-offs, and declining funding rates. While the SEC legal battle continues to cast a shadow over the token's future, the recent selling spree among whales suggests a deep-seated bearishness. Traders should exercise caution and closely monitor market developments before making any investment decisions.

XRP 的下跌轨迹因一系列负面因素而加剧，包括 SEC 罚款、鲸鱼抛售和融资利率下降。尽管美国证券交易委员会的法律战继续给该代币的未来蒙上阴影，但鲸鱼最近的抛售热潮表明了根深蒂固的看跌情绪。交易者在做出任何投资决定之前应谨慎行事并密切关注市场发展。