XRP是XRP Ledger的固有的加密货币，在2025年再次成为最前沿的

XRP是XRP Ledger的固有加密货币，在2025年再次进入最前沿，价格为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.

在数字资产不断发展的景观中，XRP（XRP Ledger的本地加密货币）再次成为最前沿。截至今天，截至2025年8月28日，XRP的交易价格为2.29美元，市值为1346.4亿美元，在顶级数字资产列表中排名第四。加密货币XRP在顶级数字资产列表中排名第四，因为过去五年的增长百分比仍然显示出投资者的信任的增加，为2.55％。本文深入研究了XRP的技术性，它所居住的市场空间以及该数字代币的未来。

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的市值约为1346.4亿美元，占所有加密货币总数的2.74％。估计其在24小时内的交易量的价值估计为21.3亿美元，这表明了强大的活动。然而，总计1.58％的市值与市值的数量仅表示其流动性仅为中等。 XRP的完全稀释的估值为2,293.4亿美元，循环供应量为586.8亿代币，总供应量为99.8亿。最高金额不超过1000亿。因此，随着时间的流逝而稀缺。

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经历了过山车，但最终在一天之内获得了2.55％的兴趣。该数字货币在2025年1月炒作的最高点，价格达到3.40美元。尽管如此，它仍然跌至4月1.61美元的最低点，这是由于关税战争而被逐一编写，然后在五月中旬到达2.65美元，将2.32 USD视为强大的支持水平，同时也表明，这是该机构购买者的理性行为，他们正在推动大型折扣。分析师认为，价格很高，在短时间内，以3.40美元的价格进行了重新测试。

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月提出上诉下诉裁决，该裁决表示，SEC与Ripple案的行动停滞了太久，最终导致该案驳回了案件，这在上个季度至关重要。美国证券交易委员会（SEC）决定对该裁决提出上诉并继续其针对波纹的诉讼，这可能会对整个加密货币行业产生重大影响。

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.

此案始于2020年，它看到SEC指责以XRP的形式出售未注册证券，从2013年起筹集了13亿美元。SEC的主要论点是，XRP应该从一开始就已经在SEC上注册，并且从一开始就向SEC注册，这是Ripple在出售机构投资者需要进一步重视的托管行动方面的行动。

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.

经过一年半的法律斗争，该案于2024年12月达到顶峰，法官裁定驳回了SEC的索赔。法官说，SEC等了太长时间就提出了案件，并且其行动“不合理”。这项裁决被视为Ripple和加密货币行业的重大胜利，因为它为未来应对加密货币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，美国证券交易委员会决定对该裁决提出上诉，尽管该裁决对更广泛的加密货币部门有影响。第五巡回上诉法院将审理上诉，该法院很可能着重于下级法院法官提出的局限性问题。

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的行动已经遇到了混杂的反应。一些法律专家认为，法官的裁决是正确的，SEC有足够的机会提前提起诉讼。他们认为，该机构的行动是出于渴望扩大加密货币行业的监管范围的愿望，而不是保护投资者的任何紧迫需求。

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.

其他人则认为，SEC的行动是合理的，并且有责任执行联邦证券法。他们坚持认为，Ripple在向机构投资者出售XRP的行动需要向SEC进行注册，而下级法官在驳回此案的这一方面时犯了错误。

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

上诉的结果可能会对加密货币行业产生深远的影响。如果第五巡回上诉法院坚持下级法院的裁决，它可能会限制SEC规范加密货币公司的权力，并为该行业提供更大的法律确定性。但是，如果上诉法院对SEC有利于SEC的规定，则可能会导致对加密货币部门的严格规定，并使公司更难创新和