XRP（加密：XRP）一直是今年投资最热门的加密货币之一。

就在11月，它的交易价格约为0.50美元。但是现在，它舒适地超过了2美元，今年早些时候，它的高价超过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?

价格上涨，著名的投资者和新政府对今年的XRP（加密：XRP）引起了很多关注。但是，是否还有另一个可能的催化剂，它会使加密货币的价值更高？

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

投资者急切地关注的一件事是，XRP是否会有一个现货交易所资金（ETF）。

Is an XRP spot ETF inevitable?

XRP点ETF是不可避免的吗？

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.

针对加密货币的ETF使常规投资者更容易在数字货币中担任职位，而不必担心数字钱包和记住长密码。与依靠衍生品的加密ETF不同，现场ETF实际上将拥有数字货币本身，从而为投资者提供了一种更直接的投资方式。

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

比特币和以太坊都有斑点ETF，而下一个拥有一个的大加密货币可能是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.

根据彭博社分析师的估计，今年XRP的现场ETF的批准几率高达85％。希望到现在为止，证券交易委员会（SEC）将批准ETF，但该决定已被推迟到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个更加加密的政府，似乎更多的是一个问题，即何时而不是XRP现场ETF登陆市场。

Will a spot ETF send the cryptocurrency to new heights?

ETF斑点会将加密货币发送到新的高度吗？

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).

更广泛的投资者可以帮助推动XRP的价值。与大多数其他硬币不同，加密货币具有许多有用的功能，例如提高跨境交易的效率。它的XRP分类帐只需三到五秒即可解决交易。它的成本很低（每笔交易的一小部分）。

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.

许多投资者可能会看好XRP的潜力，但正在等待现场ETF，以便将其轻松添加到其投资组合中。无论如何，这就是希望。

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的批准并不总是会给投资者带来巨大收益。以以太坊为例。 Ether ETF从7月23日开始交易。从那以后，以太币下降了近50％。但是，自一年多以前的现场ETF批准以来，比特币表现出色，并创下了记录高点。

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，自从唐纳德·特朗普（Donald Trump）在11月的选举中赢得胜利以来，它已经经历了重大的价值，在短短六个月内增长了300％以上。期望它再次达到一倍以上可能会有些乐观，尤其是因为许多投资者可能已经在硬币当前估值的ETF批准中定价。

Is XRP a good cryptocurrency to add to your portfolio?

XRP是否可以添加到您的投资组合中？

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.

我不认为仅仅由于现场ETF的批准，XRP不会达到5美元。鉴于今年的数字货币围绕着多少乐观情绪，我怀疑许多投资者正在以期望ETF会更快而不是较早地购买。

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，即使在不久的将来，XRP仍可能会产生良好的长期投资，因为它必须消除跨境交易中的摩擦以及它必须提供银行业的实用性。加密货币总会有一些风险，但是从长远来看，XRP可能是要坚持使用的更好的数字货币之一。它不适合大多数投资者，但是如果您是加密货币爱好者并且对风险感到满意，那么投资可能还为时已晚。