XRP Coin

{:en}As the cryptocurrency market has become more volatile recently, XRP price movements have once again become the focus of investors. After falling to a staged low of $1.89 on March 11, XRP prices once rebounded to around $2.50, but failed to break through the key resistance area above. At present, XRP prices are hovering in a narrow range of $2.20 to $2.35, and the game between bulls and bears around technical support and market sentiment is entering a white-hot stage. If bulls can hold the $2.20 support level, XRP prices may continue to recover; on the contrary, once this line of defense is lost, the market may face a new round of selling pressure and may even retest the low of $1.90. Bearish Sentiment: Funding Rates and Open Interest Raise Alarms The sustainability of XRP's recent price rebound is being severely tested by derivatives market data. According to Glassnode, the funding rate for XRP perpetual contracts remains below 0%, indicating that short sellers are dominating the market. A negative funding rate means that short sellers are paying long holders, reflecting a bearish sentiment in the short term. Meanwhile, XRP's open interest (OI) in the futures market has plummeted from a peak of 5.67billiononJanuary17to5.67billiononJanuary17to2.4 billion as…...

{:en}Recently, XRP's exchange rate against Ethereum (ETH) hit a five-year high, sparking heated discussions about the cryptocurrency market cap rankings. As of March 16, the XRP/ETH trading pair reached 0.00128 ETH, marking its highest level since April 2020. Compared to its all-time low of 0.00013 ETH in June 2024, XRP has surged by 925%; if measured from November 2024, when Trump won the U.S. presidential election, the gain stands at 620%. Analysts suggest that breaking this key resistance level could be a turning point for XRP to challenge Ethereum's market cap dominance. If history repeats, an additional 80% rally would be enough for XRP to "flip" Ethereum, especially since its fully diluted valuation (FDV) briefly surpassed ETH earlier this week. Currently, XRP's market cap stands at approximately 138billion,lessthan138billion,lessthan100 billion short of Ethereum's $235 billion. Market observers attribute XRP's strong performance to shifting regulatory dynamics. Since the Trump administration adopted a "crypto-friendly" stance, XRP's market dominance has surged by over 300%, while Ethereum's market share has shrunk by 35.5% during the same period. As a token focused on enterprise applications, XRP has benefited from Ripple's institutional DeFi roadmap, while Ethereum has struggled due to technical upgrade controversies and competition from rivals like…...

{:zh}美国证券交易委员会（SEC）近日宣布推迟对多款加密货币交易所交易基金（ETF）的审批决定，涉及XRP、Solana、Litecoin及Dogecoin等主流币种。3月11日，SEC在一系列文件中表示，针对允许相关ETF上市的规则变更提案，将“延长审查期限”，其中灰度（Grayscale）的XRP ETF与Cboe BZX交易所的现货Solana ETF审批被推迟至5月，而最终截止日期可能延至10月。这一延迟引发市场关注，但分析师普遍认为，此举属于SEC标准程序，并不影响最终获批概率。 彭博ETF分析师詹姆斯·塞法特（James Seyffart）在社交平台X指出，SEC此次对多款山寨币ETF的延迟决策“在意料之中”，并强调“最终审批结果仍可能维持较高通过率”。他同时提到，前总统特朗普提名的SEC主席候选人保罗·阿特金斯（Paul Atkins）尚未通过国会确认听证会，监管层人事变动或为流程增添不确定性。另一名分析师埃里克·巴尔丘纳斯（Eric Balchunas）补充称，包括以太坊质押ETF在内的多类产品均遭遇延迟，市场需对“系统性放缓”有所预期。 此次延迟并非SEC首次推迟加密货币ETF审批。2月28日，该机构曾延长对Cboe交易所以太坊ETF期权上市申请的决策期。自特朗普胜选及前SEC主席加里·根斯勒（Gary Gensler）离任后，SEC收到大量山寨币ETF申请，但根斯勒任内对加密行业采取的强硬监管立场已引发争议。数据显示，其在2021年至2024年1月卸任期间共发起超100项加密相关执法行动。不过，随着根斯勒离任，SEC近期接连撤销对Gemini、Cumberland DRW等加密企业的诉讼，代理主席马克·乌耶达（Mark Uyeda）亦提议放宽对加密交易平台的监管限制。 尽管市场对XRP、Solana等币种ETF的短期获批持谨慎态度，但分析师普遍认为，随着监管环境趋缓及政策窗口临近，10月前或迎来关键转折。当前，投资者正密切关注SEC人事任命进展及特朗普政府对加密行业的政策导向，这或为下一阶段ETF审批注入新变量。{:}{:en}The U.S. Securities and Exchange Commission (SEC) recently announced a delay in its decision to approve several cryptocurrency exchange-traded funds (ETFs), including those tied to XRP, Solana, Litecoin, and Dogecoin. In a series of filings on March 11, the SEC stated that it would "designate a longer period" to review proposed rule changes that would allow the ETFs to proceed. Among the affected ETFs are Grayscale's XRP ETF and Cboe BZX Exchange's spot Solana ETF, with decisions now postponed until May, and final deadlines potentially extending to October. This delay has drawn market attention, but analysts generally believe it is part of the SEC's standard procedure and does not affect the likelihood of eventual approval. Bloomberg ETF analyst James Seyffart noted on social media platform X that the SEC's delay in deciding on multiple altcoin ETFs was "expected," emphasizing that "the odds of final approval remain relatively high." He also mentioned that Paul Atkins, former SEC commissioner and President Trump's nominee to chair the SEC, has yet to be confirmed by Congress, adding uncertainty to the regulatory process. Fellow analyst Eric Balchunas added that various products, including Ethereum…...

{:zh}随着加密货币市场波动加剧，XRP价格近期持续承压。3月10日，XRP日线图收于99天以来的最低点，一度跌破2美元心理关口，尽管次日短暂反弹12%，但市场多维度指标显示，其下行风险仍未解除。当前XRP价格较历史高点3.40美元已回调37.1%，若关键支撑失守，未来或进一步下探1.60美元区间。 从衍生品市场看，XRP的现货与永续合约需求正同步萎缩。据aggr.trade数据，XRP现货累计成交量差值（CVD）在3月骤降50%，当前CVD值达-4.08亿美元，反映卖方持续主导市场。与此同时，永续合约CVD也在3月11日跌至-11.8亿，叠加资金费率转为深度负值，表明空头头寸显著增加。期货市场的看跌情绪与XRP价格疲软形成共振，若买盘未能及时入场，短期反弹或难以为继。 鲸鱼抛售成为XRP价格的另一重压力。CryptoQuant数据显示，3月4日至10日期间，大型持有者累计减持价值约8.38亿美元的XRP，30日移动平均线显示的鲸鱼流出量持续攀升。这一“派发阶段”通常出现在价格上涨末期，大额持仓者通过分批抛售锁定利润，导致市场流动性承压。分析指出，若鲸鱼抛售趋势延续，XRP价格可能加速脱离当前震荡区间。 技术面同样释放利空信号。XRP价格在3月11日收于2.05美元下方，确认日线级别“头肩顶”形态的颈线破位。这一经典看跌结构暗示，若价格无法重新站稳2.05美元支撑，下行目标将指向1.90至1.60美元的斐波那契回撤“黄金区间”。值得注意的是，1.60美元恰与长期需求带（1.58-1.27美元）邻近，若市场情绪进一步恶化，XRP价格或将深度回调以测试底部支撑。 综合来看，衍生品资金流向、鲸鱼动向及技术形态三大因素共同施压，XRP价格在3月面临严峻考验。尽管短期反弹可能缓解跌势，但若关键支撑位接连失守，市场恐需为更大幅度的价格调整做好准备。{:}{:en}As the cryptocurrency market becomes more volatile, XRP prices have continued to be under pressure recently. On March 10, XRP's daily chart closed at its lowest point in 99 days, falling below the psychological barrier of $2. Although it rebounded briefly by 12% the next day, multi-dimensional market indicators showed that its downside risks have not been eliminated. The current XRP price has retreated 37.1% from its historical high of $3.40. If the key support is breached, it may further drop to the $1.60 range in the future. From the perspective of the derivatives market, the demand for XRP's spot and perpetual contracts is shrinking simultaneously. According to aggr.trade data, XRP spot cumulative volume difference (CVD) dropped 50% in March, and the current CVD value is -408 million US dollars, reflecting that sellers continue to dominate the market. At the same time, the perpetual contract CVD also fell to -1.18 billion on March 11, and the funding rate turned deeply negative, indicating a significant increase in short positions. The bearish sentiment in the futures market resonates with the weakness in XRP prices. If buying fails to enter the market in time, the short-term rebound may be…...

{:zh}加密货币市场近期持续震荡，XRP价格走势成为投资者关注的焦点。自3月初以来，XRP价格从3美元高位回落，一度跌至1.94美元低点，随后虽反弹至2.19美元附近，但仍未突破关键阻力区间。当前，市场多空双方围绕2美元心理关口展开激烈争夺，这一价位的得失或将决定XRP价格是否会进一步下探1.61美元支撑，甚至引发更大范围的抛售潮。 从技术面来看，XRP价格的短期走势已进入敏感阶段。根据Cointelegraph与TradingView联合发布的XRP/USD日线图，3月3日开始的回调行情导致相对强弱指数（RSI）从超买区域快速回落至42，表明市场动能正逐渐向空头倾斜。若XRP价格无法在短期内收复2.53至2.62美元区间的阻力位（对应100日和50日简单移动平均线），则可能面临进一步下行的压力。分析师指出，当前的关键支撑位于2美元心理关口，该价位自去年12月1日以来尚未被跌破，若失守，XRP价格或迅速滑向2月3日形成的区间低点1.76美元，并最终测试200日均线所在的1.61美元支撑。 市场情绪的分化在XRP价格的多空博弈中尤为明显。尽管过去一个月内，XRP价格曾凭借66%的涨幅（2月3日至3月2日）短暂突破3美元，但供应端在3美元附近的密集抛压迅速终结了这一涨势。CoinGlass的清算热力图显示，当前2美元附近聚集了大量买单，这或许为XRP价格提供短期缓冲。然而，周线级别的MACD指标已形成死叉，暗示中长期趋势可能转向疲软。若XRP价格本周无法站稳2.16美元的周线支撑位（对应上升旗形通道上沿），则可能重回通道内部延续数周的震荡整理，甚至跌向50周指数移动平均线（EMA）所在的1.46美元。 值得注意的是，外部政策环境的变化正在加剧XRP价格的不确定性。美国财政部近期宣布的“数字资产战略储备”计划明确提出将逐步出售持有的部分代币，这一消息对市场信心造成冲击。尽管该计划未明确提及XRP，但投资者担忧监管机构对加密资产的整体态度可能间接压制XRP价格的反弹空间。此外，技术面与基本面的共振效应不容忽视——若XRP价格持续承压，市场对“瑞波公司与SEC诉讼案”进展的敏感度可能再度升温，从而放大短期波动。 对于多头而言，扭转颓势的关键在于重新夺回对关键均线的控制权。若XRP价格能有效突破2.62美元的50日均线阻力，则有望重启向3美元乃至3.40美元（七年高点）的攻势。然而，这一路径需要成交量显著放大配合，而当前市场交投活跃度尚未显示出足够的看涨信号。衍生品数据方面，永续合约资金费率维持中性，未平仓合约量也未出现极端倾斜，表明投资者仍在等待更明确的方向信号。 长期来看，XRP价格的走势仍与宏观市场环境紧密相关。美联储利率政策的不确定性、比特币ETF资金流变化以及地缘政治风险都可能通过市场情绪传导至XRP价格。技术分析师提醒，若2美元防线最终失守，XRP价格可能进入“恐慌性抛售”模式，尤其是在算法交易程序触发连锁止损单的情况下，下跌速度或远超预期。因此，投资者需密切关注每日收盘价与关键均线的动态关系，同时警惕突发消息引发的市场异动。 尽管短期风险加剧，部分机构仍对XRP价格的中长期前景持谨慎乐观态度。瑞波公司近期在跨境支付领域的合作伙伴拓展，以及其流动性枢纽（Ripple Liquidity Hub）的落地应用，被认为可能在未来为XRP创造实质性需求。然而，这些基本面利好能否转化为价格支撑，仍需取决于市场整体风险偏好的回暖。 综上所述，XRP价格正处于技术面与基本面双重考验的关键节点。2美元的争夺不仅是多空力量的对决，更是市场信心的重要试金石。投资者应做好风险管理预案，在趋势明朗前避免过度杠杆操作。正如一位资深交易员所言：“在加密市场，生存比盈利更重要——而此刻的XRP价格，正在教会我们如何敬畏市场。”{:}{:en}The cryptocurrency market has been experiencing continuous fluctuations recently, with the price movement of XRP becoming a focal point for investors. Since early March, the XRP price has retreated from its high of 3,droppingtoalowof3,droppingtoalowof1.94 before rebounding to around 2.19.The outcome of this battle could determine whether the XRP price will further test the $1.61 support level or even trigger a broader sell-off. From a technical perspective, the short-term trend of the XRP price has entered a sensitive phase. According to the XRP/USD daily chart released by Cointelegraph and TradingView, the correction that began on March 3 caused the Relative Strength Index (RSI) to drop sharply from the overbought zone to 42, indicating that market momentum is gradually tilting toward the bears. If the XRP price fails to reclaim the resistance zone between 2.53and2.53and2.62 (corresponding to the 100-day and 50-day simple moving averages) in the short term, it may face further downward pressure. Analysts point out that the key support level is currently at the psychological 2mark,which formed on February 3 and eventually test the 200-day moving average support at $1.61. The divergence in market sentiment is particularly evident in the tug-of-war between bulls and bears…...