XRP最近的集會可能是短暫的。鯨魚活動，市場結構和SOPR數據表明潛在的校正即將到來。 XRP跌倒了嗎？

XRP Whales, Market Structure, and SOPR: Is a Major Correction Brewing?

XRP鯨，市場結構和SOPR：主要更正釀造嗎？

Hold on to your hats, XRP enthusiasts! While XRP has been making headlines, a closer look at whale behavior, market structure, and SOPR data suggests a bumpy ride ahead. Are we about to see a major correction?

XRP愛好者抓住您的帽子！雖然XRP一直是頭條新聞，但仔細研究了鯨魚的行為，市場結構和SOPR數據，這表明前進了顛簸。我們要看到重大更正嗎？

Whales Cashing Out: A $68 Million Daily Exit

鯨魚兌現：每日6800萬美元出口

Data from Glassnode reveals that some of XRP's earliest and most profitable investors are offloading their tokens at an alarming rate. We're talking about a staggering $68 million per day, on a seven-day average. These whales, who jumped in before XRP's November 2024 breakout, are now locking in profits after seeing their investments grow by over 300%. This mass exodus is creating significant sell-side pressure, reminiscent of the pattern before XRP's 2017 market top.

來自GlassNode的數據表明，XRP最早，最有利可圖的投資者正在以驚人的速度卸載其令牌。我們談論的是，平均七天的平均每天6800萬美元驚人。這些鯨魚在XRP的2024年11月突破之前就跳入了這些鯨魚，在看到其投資增長超過300％後，現在正在鎖定利潤。這種大規模出埃及記正在造成巨大的賣方壓力，讓人聯想到XRP 2017年市場頂級之前的模式。

Top-Heavy Market Structure: A House of Cards?

最重的市場結構：紙牌屋？

Another red flag is XRP's top-heavy market structure. Over 70% of XRP's realized market cap was created between 2024 and early 2025, meaning most of the circulating supply was recently acquired. This makes the market fragile. When prices drop, newer holders are more likely to panic-sell, leading to sharper declines. It's like a skyscraper with a weak foundation – not a good look.

另一個危險信號是XRP最重的市場結構。 XRP已實現的市值超過70％是在2024年至2025年初之間創建的，這意味著最近獲得了大部分循環供應。這使市場變得脆弱。當價格下跌時，更新的持有人更有可能驚慌失措，從而導致更加尖銳的人下降。這就像一個摩天大樓，底色較弱 - 看起來不好。

SOPR and Realized Prices: Trouble on the Horizon

SOPR和實現的價格：地平線上的麻煩

The Spent Output Profit Ratio (SOPR) metric confirms the concerning outlook. Investors who bought XRP between 3 and 6 months ago (after the November 2024 rally) have an average purchase price of $2.28. With XRP trading around $2.14, they're barely breaking even. Meanwhile, those who bought 6-12 months ago have a cushion, but a further price drop could trigger another wave of selling. Analysts warn that if current holders continue to take profits or cut losses, XRP could face a 35% dump, potentially retesting the $1.35–$1.60 range.

支出的產出利潤率（SOPR）度量確認了有關前景。在3到6個月前（2024年11月在拉力賽之後）購買XRP的投資者的平均購買價格為2.28美元。隨著XRP的交易約為2.14美元，它們幾乎沒有打破。同時，那些在6-12個月前購買的人有一個緩衝，但進一步的價格下跌可能會觸發另一波銷售。分析師警告說，如果目前的持有人繼續獲利或削減損失，XRP可能會面臨35％的垃圾場，可能會重新測試$ 1.35- $ 1.60的範圍。

Bearish Chart Pattern: The Descending Wedge

看跌圖表模式：下降楔子

Technical analysis reveals a descending wedge pattern on XRP charts, a bearish reversal signal during an uptrend. A break below the support line could send XRP spiraling downwards towards the $1.30 price floor. However, the 50-week Exponential Moving Average (EMA) offers a glimmer of hope. A rebound from this level could invalidate the bearish prediction and propel XRP towards $3.00 or higher.

技術分析揭示了XRP圖表上的降楔模式，這是上升趨勢期間的看跌逆轉信號。在支撐線下方的休息可能會使XRP向下旋轉到1.30美元的價格樓層。但是，為期50週的指數移動平均線（EMA）提供了一線希望。從這個級別的反彈可能使看跌預測無效，並將XRP推向$ 3.00或更高。

Senate Considers Digital Asset Market Structure

參議院考慮數字資產市場結構

On a separate note, the US Senate is exploring a bipartisan framework for digital asset market structure. A recent hearing included testimonies from Coinbase and Multicoin Capital, signaling a potential shift towards regulatory clarity. This development could have long-term implications for XRP and the broader crypto market, but the immediate focus remains on the bearish signals discussed above.

另外，美國參議院正在探索數字資產市場結構的兩黨框架。最近的聽證會包括Coinbase和Multicoin Capital的證詞，這表明潛在的轉變向監管清晰度。這種發展可能會對XRP和更廣泛的加密市場產生長期影響，但是直接的重點仍然放在上面討論的看跌信號上。

Final Thoughts: Buckle Up!

最終想法：搭扣！

While the future is never certain, the confluence of whale activity, market structure, SOPR data, and bearish chart patterns suggests that XRP might be in for a correction. Keep a close eye on the charts, manage your risk, and remember that even the wildest rides eventually come to an end. Whether XRP rebounds or takes a tumble, it's bound to be an interesting show!

儘管未來永遠是不確定的，但鯨魚活動，市場結構，SOPR數據和看跌圖表模式的匯合表明，XRP可能需要進行更正。密切關注圖表，管理您的風險，並記住，即使是最瘋狂的遊樂設施，最終也會結束。無論是XRP反彈還是滾滾，它都一定是一個有趣的節目！