儘管看漲了宏觀和微觀因素，但FOMO仍然明顯沒有

Ripple [XRP]最近一直是該鎮的話題，但市場似乎錯過了備忘錄。

Ripple [XRP] has been a hot topic in crypto, but the market seems to have missed the memo. Despite a convergence of bullish macro and micro factors, FOMO is conspicuously absent. It’s almost as if all the key catalysts are in place, yet the market’s reaction is lagging.

Ripple [XRP]一直是加密貨幣的熱門話題，但市場似乎錯過了備忘錄。儘管看漲宏觀和微因素，但FOMO還是明顯不存在的。幾乎所有關鍵的催化劑都已經到位，但市場的反應卻落後了。

As April drew to a close, XRP displayed a 11% monthly price increase. While this might seem noteworthy, it pales in comparison to the 70% gains clocked by Bitcoin [BTC] and Ethereum [ETH].

隨著四月的結束，XRP每月的價格上漲了11％。雖然這似乎值得注意，但與比特幣[BTC]和以太坊[ETH]所獲得的70％的增長相比，它顯得顯得蒼白。

This lackluster performance might explain the minimal FOMO. However, there were other institutional and technical catalysts that spanned the past month. For instance, over 900 million XRP was added to institutional treasuries.

這種平淡的表現可能解釋了最小的FOMO。但是，過去一個月還有其他機構和技術催化劑。例如，將超過9億XRP添加到機構國庫中。

Moreover, Ripple hit two major ETF milestones: A spot XRP ETF debut in Brazil and a Futures XRP listing on Wall Street. Institutional interest? Check.

此外，Ripple達到了兩個主要的ETF里程碑：在巴西舉行的XRP ETF首次亮相和華爾街的Futures XRP上市。機構利益？查看。

And just when you thought the news cycle was cooling off, Ripple’s native stablecoin, RLUSD, got the official nod from the U.S. Department of the Treasury. This puts it shoulder to shoulder with stablecoin heavyweights like USDC and USDT. Hence, marking a serious step forward in real-world utility.

就在您認為新聞周期正在冷靜下來時，Ripple的本地Stablecoin Rlusd從美國財政部的美國部門開始了正式點頭。這使它與USDC和USDT這樣的穩定​​重量級人物並肩。因此，在現實世界實用程序中邁出了一個嚴肅的一步。

Yet strangely, broader market excitement is still hitting the snooze button.

然而，奇怪的是，更廣泛的市場興奮仍在達到貪睡按鈕。

If you’re wondering why XRP still feels undervalued despite all the bullish buzz, the on-chain data might have the answer.

如果您想知道，儘管所有看漲嗡嗡聲，但XRP為什麼仍然被低估了，那麼鏈上的數據可能會有答案。

For starters, new address creation on the XRP Ledger has dropped off a cliff since December even though price action has climbed right back to the same levels. Translation? Retail interest isn’t exactly flooding in.

對於初學者來說，即使價格動作恢復到相同的水平，XRP Ledger上的新地址創建也已下降。翻譯？零售利益並沒有完全氾濫。

It gets even more telling: Daily active addresses have fallen 46% year-to-date, now sitting at just 21,282. That’s a pretty clear sign this rally is running more on seasoned hands than fresh faces.

它更具說服力：每天的活躍地址年滿46％，現在僅21,282。這是一個非常明顯的跡象，這次集會在調味的手上比新鮮的面孔更多。

And remember those massive Binance outflows that topped 1 billion XRP five months ago? They’ve dwindled to just 108 million, even lower than pre-election levels.

還記得那些五個月前XRP超過10億XRP的大規模外流嗎？他們減少到僅1.08億，甚至低於選舉前水平。

Source: CryptoQuant

資料來源：加密

In short, the cooling activity suggests investors are in a “wait-and-see” mode, despite the growing list of bullish catalysts.

簡而言之，冷卻活動表明，儘管看漲催化劑清單越來越多，但投資者處於“等待”模式。

Meanwhile, the speculation mill keeps spinning, with bold calls for XRP to reclaim the $3 mark in the near term.

同時，猜測工廠不斷旋轉，大膽呼籲XRP在短期內收回3美元。

But with FOMO nowhere in sight, the current vibe feels more like a slow burn than a breakout rally. It’s a classic crypto paradox: All the ingredients for a bull run are there, yet the crowd’s still not biting.

但是，由於FOMO看不見，目前的氛圍比突破集會更像是緩慢的燃燒。這是一個經典的加密悖論：所有牛的成分都在那裡，但人群仍然沒有咬人。