XRP是XRP Ledger的固有的加密貨幣，在2025年再次成為最前沿的

XRP是XRP Ledger的固有加密貨幣，在2025年再次進入最前沿，價格為2.29 USD

In the evolving landscape of digital assets, XRP, the native cryptocurrency of the XRP Ledger, has come to the forefront once again. As of today, August 28, 2025, XRP is trading at 2.29 USD, with a market capitalization of 134.64 billion USD, and is ranked fourth on the list of top digital assets. The cryptocurrency XRP takes the fourth position in the list of top digital assets, as the percentage of its growth during the last five years still shows an increase in investors’ trust, which was 2.55%. This article delves deeper into the technicality of XRP, the market space it inhabits, and what the future holds for this digital token.

在數字資產不斷發展的景觀中，XRP（XRP Ledger的本地加密貨幣）再次成為最前沿。截至今天，截至2025年8月28日，XRP的交易價格為2.29美元，市值為1346.4億美元，在頂級數字資產列表中排名第四。加密貨幣XRP在頂級數字資產列表中排名第四，因為過去五年的增長百分比仍然顯示出投資者的信任的增加，為2.55％。本文深入研究了XRP的技術性，它所居住的市場空間以及該數字代幣的未來。

The market capitalization of XRP is approximately 134.64 billion USD, which accounts for 2.74% of the total number of all cryptocurrencies. The value of its trading volume within 24 hours has been estimated at 2.13 billion USD, which is indicative of strong activity. Nevertheless, the volume to market capitalization ratio, which amounts to 1.58%, implies its liquidity is only moderate. XRP’s fully diluted valuation is 229.34 billion USD, from which the circulating supply is 58.68 billion tokens and the total supply is 99.98 billion. The maximum amount may not exceed 100 billion. Thus, the scarcity over time is set.

XRP的市值約為1346.4億美元，佔所有加密貨幣總數的2.74％。估計其在24小時內的交易量的價值估計為21.3億美元，這表明了強大的活動。然而，總計1.58％的市值與市值的數量僅表示其流動性僅為中等。 XRP的完全稀釋的估值為2,293.4億美元，循環供應量為586.8億代幣，總供應量為99.8億。最高金額不超過1000億。因此，隨著時間的流逝而稀缺。

Recently, XRP has been a subject of interest as it went through a roller coaster ride, but eventually gained 2.55% within one day. The digital currency was at the apex of its hype in January 2025, with the price hitting 3.40 USD. Still, then it fell to the lowest point in April when it was 1.61 USD, -accomplished due to a tariff war, and then rose to 2.65 USD by mid-May that illustrates 2.32 USD as a powerful support level, at the same time also suggests that it is the rational behaviour of the institutional buyers, who were pushing for large-volume rebounds. The analysts think that there is a high possibility that the price would, within a short period, be retested at 3.40 USD.

最近，XRP經歷了過山車，但最終在一天之內獲得了2.55％的興趣。該數字貨幣在2025年1月炒作的最高點，價格達到3.40美元。儘管如此，它仍然跌至4月1.61美元的最低點，這是由於關稅戰爭而被逐一編寫，然後在五月中旬到達2.65美元，將2.32 USD視為強大的支持水平，同時也表明，這是該機構購買者的理性行為，他們正在推動大型折扣。分析師認為，價格很高，在短時間內，以3.40美元的價格進行了重新測試。

The SEC filing for an appeal against a lower court ruling in December 2024, which stated that the SEC’s actions in its case with Ripple had stalled for too long, ultimately leading to a dismissal of the case, has been a crucial event in the last quarter. This decision by the SEC to appeal the ruling and continue its case against Ripple could have significant implications for the cryptocurrency industry as a whole.

SEC在2024年12月提出上訴下訴裁決，該裁決表示，SEC與Ripple案的行動停滯了太久，最終導致該案駁回了案件，這在上個季度至關重要。美國證券交易委員會（SEC）決定對該裁決提出上訴並繼續其針對波紋的訴訟，這可能會對整個加密貨幣行業產生重大影響。

The case, which began in 2020, saw the SEC accuse Ripple of selling unregistered securities in the form of XRP to raise 1.3 billion USD from 2013. The SEC's primary contention was that XRP should have been registered with the SEC from the beginning, and that Ripple's actions in selling the token to institutional investors further highlighted the need for registration.

此案始於2020年，它看到SEC指責以XRP的形式出售未註冊證券，從2013年起籌集了13億美元。 SEC的主要論點是，XRP應該從一開始就已經在SEC上註冊，並且從一開始就向SEC註冊，這是Ripple在出售機構投資者需要進一步重視的託管行動方面的行動。

After a year and a half of legal battle, the case reached its peak in December 2024 with the judge's ruling to dismiss the SEC's claims. The judge stated that the SEC had waited too long to file its case and that its actions had been "unreasonable." This ruling was seen as a major victory for Ripple and the cryptocurrency industry, as it set a precedent for how cases against crypto firms should be handled in the future.

經過一年半的法律鬥爭，該案於2024年12月達到頂峰，法官裁定駁回了SEC的索賠。法官說，SEC等了太長時間就提出了案件，並且其行動“不合理”。這項裁決被視為Ripple和加密貨幣行業的重大勝利，因為它為未來應對加密貨幣公司的案件做出了先例。

However, the SEC decided to appeal the ruling, continuing its pursuit of holding XRP accountable for registration despite the implications of the ruling for the broader crypto sector. The appeal will be heard by the Fifth Circuit Court of Appeals, which is likely to focus on the statute of limitations issue raised by the lower court judge.

但是，美國證券交易委員會決定對該裁決提出上訴，儘管該裁決對更廣泛的加密貨幣部門有影響。第五巡迴上訴法院將審理上訴，該法院很可能著重於下級法院法官提出的局限性問題。

The SEC's actions have been met with mixed reactions. Some legal experts believe that the judge's ruling was correct and that the SEC had ample opportunity to file its case earlier. They argue that the agency's actions were motivated by a desire to expand its regulatory reach over the cryptocurrency industry, rather than any pressing need to protect investors.

SEC的行動已經遇到了混雜的反應。一些法律專家認為，法官的裁決是正確的，SEC有足夠的機會提前提起訴訟。他們認為，該機構的行動是出於渴望擴大加密貨幣行業的監管範圍的願望，而不是保護投資者的任何緊迫需求。

Others believe that the SEC is justified in its actions and that it has a duty to enforce federal securities laws. They maintain that Ripple's actions in selling XRP to institutional investors required registration with the SEC, and that the lower court judge erred in dismissing this aspect of the case.

其他人則認為，SEC的行動是合理的，並且有責任執行聯邦證券法。他們堅持認為，Ripple在向機構投資者出售XRP的行動需要向SEC進行註冊，而下級法官在駁回此案的這一方面時犯了錯誤。

The outcome of the appeal could have far-reaching consequences for the cryptocurrency industry. If the Fifth Circuit Court of Appeals upholds the lower court's ruling, it could set a limit on the SEC's authority to regulate crypto firms and lead to greater legal certainty for the industry. However, if the appeals court rules in favor of the SEC, it could result in tighter regulation of the cryptocurrency sector and make it more difficult for firms to innovate and

上訴的結果可能會對加密貨幣行業產生深遠的影響。如果第五巡迴上訴法院堅持下級法院的裁決，它可能會限制SEC規範加密貨幣公司的權力，並為該行業提供更大的法律確定性。但是，如果上訴法院對SEC有利於SEC的規定，則可能會導致對加密貨幣部門的嚴格規定，並使公司更難創新和