XRP（加密：XRP）一直是今年投資最熱門的加密貨幣之一。

就在11月，它的交易價格約為0.50美元。但是現在，它舒適地超過了2美元，今年早些時候，它的高價超過3美元。

Rising prices, a famous investor, and a new administration have brought plenty of attention to XRP (CRYPTO:XRP) this year. But could there be yet another possible catalyst, which sends the cryptocurrency’s value even higher?

價格上漲，著名的投資者和新政府對今年的XRP（加密：XRP）引起了很多關注。但是，是否還有另一個可能的催化劑，它會使加密貨幣的價值更高？

One thing investors are eagerly watching for is whether there will be a spot exchange-traded fund (ETF) coming for XRP.

投資者急切地關注的一件事是，XRP是否會有一個現貨交易所資金（ETF）。

Is an XRP spot ETF inevitable?

XRP點ETF是不可避免的嗎？

ETFs that target cryptocurrencies make it easier for regular investors to take positions in digital currencies without worrying about digital wallets and remembering long passwords. And unlike crypto ETFs, which rely on derivatives, a spot ETF will actually hold the digital currency itself, giving investors a more direct way of investing in it.

針對加密貨幣的ETF使常規投資者更容易在數字貨幣中擔任職位，而不必擔心數字錢包和記住長密碼。與依靠衍生品的加密ETF不同，現場ETF實際上將擁有數字貨幣本身，從而為投資者提供了一種更直接的投資方式。

Bitcoin and Ethereum both have spot ETFs, and the next big cryptocurrency to have one could be XRP.

比特幣和以太坊都有斑點ETF，而下一個擁有一個的大加密貨幣可能是XRP。

According to estimates from analysts at Bloomberg, the odds of approval for a spot ETF for XRP this year are as high as 85%. There were hopes that the Securities and Exchange Commission (SEC) would have approved an ETF by now, but that decision has been pushed off until mid-June.

根據彭博社分析師的估計，今年XRP的現場ETF的批准機率高達85％。希望到現在為止，證券交易委員會（SEC）將批准ETF，但該決定已被推遲到6月中旬。

The good news is that with a more crypto-friendly government in place under the Trump administration, it seems more of a question of when rather than if an XRP spot ETF hits the market.

好消息是，在特朗普政府下建立了一個更加加密的政府，似乎更多的是一個問題，即何時而不是XRP現場ETF登陸市場。

Will a spot ETF send the cryptocurrency to new heights?

ETF斑點會將加密貨幣發送到新的高度嗎？

A broader pool of investors could help to propel XRP's value. Unlike most other coins, the cryptocurrency has many useful features, such as improving the efficiency of cross-border transactions. Its XRP Ledger can settle transactions in just three to five seconds. And its costs are low (as little as a fraction of a cent per transaction).

更廣泛的投資者可以幫助推動XRP的價值。與大多數其他硬幣不同，加密貨幣具有許多有用的功能，例如提高跨境交易的效率。它的XRP分類帳只需三到五秒即可解決交易。它的成本很低（每筆交易的一小部分）。

Many investors may be bullish on the potential for XRP but are waiting for a spot ETF as a way to easily add it to their portfolios. That's the hope anyway.

許多投資者可能會看好XRP的潛力，但正在等待現場ETF，以便將其輕鬆添加到其投資組合中。無論如何，這就是希望。

The approval of a spot ETF hasn't always resulted in significant gains for investors. Take Ethereum as an example. A spot Ether ETF began trading on July 23. Since then, Ether has declined by nearly 50%. Bitcoin, however, has done well since the approval of spot ETFs over a year ago and has hit record highs.

ETF的批准並不總是會給投資者帶來巨大收益。以以太坊為例。 Ether ETF從7月23日開始交易。從那以後，以太幣下降了近50％。但是，自一年多以前的現場ETF批准以來，比特幣表現出色，並創下了記錄高點。

In the case of XRP, it has already experienced a significant run-up in value since Donald Trump's election win in November, rising by more than 300% in just six months. Expecting it to more than double again could be a bit too optimistic, especially since many investors may already be pricing in the ETF approval in the coin's current valuation.

就XRP而言，自從唐納德·特朗普（Donald Trump）在11月的選舉中贏得勝利以來，它已經經歷了重大的價值，在短短六個月內增長了300％以上。期望它再次達到一倍以上可能會有些樂觀，尤其是因為許多投資者可能已經在硬幣當前估值的ETF批准中定價。

Is XRP a good cryptocurrency to add to your portfolio?

XRP是否可以添加到您的投資組合中？

I don't think XRP is going to hit $5 simply due to the approval of a spot ETF. Given how much optimism has surrounded the digital currency this year, I suspect many investors are buying it on the expectation that spot ETFs will be available sooner rather than later.

我不認為僅僅由於現場ETF的批准，XRP不會達到5美元。鑑於今年的數字貨幣圍繞著多少樂觀情緒，我懷疑許多投資者正在以期望ETF會更快而不是較早地購買。

But even if it doesn's skyrocket in the near future, XRP may still make for a good long-term investment given the potential it has to remove friction from cross-border transactions and the usefulness it has to offer the banking world. There is always going to be some risk with crypto but XRP may be one of the better digital currencies to hang on to for the long run. It won't be suitable for most investors, but if you're a crypto enthusiast and are comfortable with the risk, it may not be too late to invest in it.

但是，即使在不久的將來，XRP仍可能會產生良好的長期投資，因為它必須消除跨境交易中的摩擦以及它必須提供銀行業的實用性。加密貨幣總會有一些風險，但是從長遠來看，XRP可能是要堅持使用的更好的數字貨幣之一。它不適合大多數投資者，但是如果您是加密貨幣愛好者並且對風險感到滿意，那麼投資可能還為時已晚。