此舉使XRP成為第一個由美國調節的山寨幣

此舉使XRP成為以比特幣和以太坊之後的第一個由美國調節的替代幣，可以在CME衍生品平台上進行交易。

The cryptocurrency market continues to be a hot topic of conversation, especially with the recent launch of CME-traded XRP futures. This move makes XRP the first U.S.-regulated altcoin, after Bitcoin and Ethereum—to be traded on the CME derivatives platform. The contracts are cash-settled and priced off a daily reference rate, with sizes of 2,500 and 50,000 XRP.

加密貨幣市場仍然是對話的熱門話題，尤其是隨著CME交易XRP期貨的最近推出。此舉使XRP成為以比特幣和以太坊之後的第一個由美國調節的替代幣，可以在CME衍生品平台上進行交易。這些合同是現金分配的，並定價為每日參考率，尺寸為2500和50,000 XRP。

The launch was confirmed by ETF Store President Nate Geraci, who stated, “CME-traded XRP futures are now live. CFTC-regulated contracts on XRP. Spot XRP ETFs [are] only a matter of time.” This follows a previous report by CC XV, highlighting the significance of the moment.

ETF商店總裁內特·格拉西（Nate Geraci）確認了發布會，他說：“ CME交易的XRP期貨現已實時。這是CC XV先前的報告，突出了當下的重要性。

The launch places XRP alongside major cryptocurrencies already available on CME—Bitcoin, Ethereum, and Solana—cementing its role in the institutional crypto market.

該發布會將XRP與CME（Bitcoin，Ethereum和Solana）上已經可用的主要加密貨幣一起發揮作用，從而在機構加密市場中發揮了作用。

This development comes as crypto hedge funds have reportedly pulled out of the market in droves, and despite a recent surge in bitcoin futures, the overall volume of bitcoin futures trading has seen a decline.

據報導，加密貨幣對沖基金以鬥爭的價格撤出市場，儘管比特幣期貨最近激增，但比特幣期貨交易的總數仍在下降。

The launch of CME-traded XRP futures also comes amid a surge in new applications for bitcoin and ether ETFs from various asset management firms. Notably, Cathie Wood’s ARK Invest has applied for an ETF that would directly track the price of bitcoin, a move that could have far-reaching implications for the crypto market.

CME交易XRP期貨的推出也引起了各種資產管理公司的比特幣和Ether ETF的新應用程序的激增。值得注意的是，Cathie Wood的ARK Invest申請了ETF，該ETF直接跟踪比特幣的價格，這一舉動可能對加密市場具有深遠的影響。

However, the SEC’s actions on these applications remain uncertain, especially given its rejection of several bitcoin and ether ETF applications in the past.

但是，SEC對這些應用程序的行為仍然不確定，尤其是考慮到過去對幾個比特幣和Ether ETF應用程序的拒絕。

While the futures market is heating up, on-chain signals depict a more complex picture of XRP valuation and market sentiment. Over the past week, 10 million to 100 million XRP holders accumulated assets with over 12.1% of the circulating supply now in their hands. That’s an increase from 11.58% in April that depicts enhanced whale faith in XRP’s long-term prospects.

當期貨市場升溫時，鏈上信號描繪了XRP估值和市場情緒的更複雜圖片。在過去的一周中，現在有1000萬至1億XRP持有人積累了資產，目前，循環供應量的12.1％以上。這是4月份的11.58％的增長，它描繪了對XRP長期前景的增強信仰。

This coincides with a massive purchase by a whale of nearly 250 million XRP, worth over $500 million, without triggering any noticeable price movement, raising questions about market dynamics. Stellar Expert, a crypto analyst, highlighted this activity on X (formerly Twitter).

這與近2.5億XRP的鯨魚進行了大量購買，價值超過5億美元，而沒有觸發任何明顯的價格變動，從而引發了有關市場動態的疑問。加密分析師Stellar Expert在X（以前為Twitter）上強調了這項活動。

At the same time, XRP exchange reserves increased from 2.7 billion to 2.9 billion XRP on Binance, according to CryptoQuant. This is typically an indication of growing selling pressure, as traders usually send money to exchanges when they intend to sell their assets.

據CryptoQuant稱，與此同時，XRP Exchange Reserves從27億增加到29億XRP。這通常表明銷售壓力增加，因為交易者通常在打算出售其資產時向交易所匯款。

However, the overall sentiment in the market is cautiously upbeat. Its present trading volume is $4.63 billion, while its open interest in futures has climbed to $4.94 billion, indicative of increasing market participation. This could add more impetus to the momentum and push XRP towards the key psychological level of $3.00.

但是，市場上的總體情緒謹慎樂觀。目前的交易量為46.3億美元，而其對期貨的開放興趣已攀升至49.4億美元，這表明市場參與的增加。這可能會增加動力的更多動力，並將XRP推向$ 3.00的關鍵心理水平。

Technically, XRP is both showing its capacity for a bull run as well as short-term vulnerability. With its current trading value of approximately $2.44, the Ripple currency price has formed a higher low trend supported by optimistic moving averages. Indicators like the Relative Strength Index (RSI) show light bullish bias but yet remain below the overbought threshold.

從技術上講，XRP都顯示出其牛跑和短期脆弱性的能力。憑藉目前的交易價值約為2.44美元，波紋貨幣價格已經形成了更高的低趨勢，該趨勢由樂觀的移動平均值支持。諸如相對強度指數（RSI）之類的指標表現出輕度看漲的偏見，但仍低於超購買閾值。

Of interest, the XRP/BTC pair has formed a golden cross on the weekly chart for the first time since 2017, as the 50-week moving average has crossed over the 200-week average. Historically, this type of formation preceded a 1,000% climb that pushed XRP to its all-time high of $3.40 in January of 2018.

令人感興趣的是，自2017年以來，XRP/BTC對首次在每週圖表上形成了一個金十字，因為50週的移動平均線超過200週的平均水平。從歷史上看，這種類型的地層在1,000％的攀登之前，將XRP推向了2018年1月的歷史最高高點3.40美元。

Yet, there are still some caution signs. A double top at the level of about $2.65 and recent failure from a rising wedge setup signal a possible short-term correction to $1.94. XRP is also near an important level of support at $2.00–$2.04, where some about $50 million of leveraged long positions are vulnerable to liquidation with further decline in price.

但是，仍然有一些警告信號。大約2.65美元的雙層高層，最近因上升的楔形設置而失敗，這可能是短期校正，可能是1.94美元。 XRP也接近2.00-2.04美元的重要水平，其中約有5000萬美元的槓桿長度容易受到清算的影響，價格進一步下降。

According to Glassnode's Net Unrealized Profit/Loss (NUPL) metric, XRP investors appear to have entered the "denial" stage—a stage typically encountered before price corrections. This observation is based on an analysis of the latest data from the cryptocurrency market.

根據GlassNode的淨未實現的盈利/損失（NUPL）度量，XRP投資者似乎已經進入了“拒絕”階段，這通常是在價格更正之前遇到的階段。該觀察結果基於對加密貨幣市場的最新數據的分析。

The visualization showcases the transitions in investor sentiment and market behavior during bull and bear markets. As the market price deviates significantly from the realized price (the price at which coins last changed hands, used to calculate the total market cap), NUPL moves further away from zero, indicating either extreme optimism or pessimism among investors.

可視化展示了牛市和熊市期間投資者情緒和市場行為的過渡。隨著市場價格顯著偏離已實現的價格（硬幣上一次易手的價格，用於計算總市場上限的價格），NUPL遠離零移動，表明投資者的極端樂觀或悲觀主義。

The chart highlights that during previous bull market cycles, when the market experienced substantial corrections, such as in 20

該圖表凸顯了在以前的牛市週期中，當市場經過大量校正時，例如20