XRP 是否被高估？这种链上分析表明它可能是

自 11 月份山寨币开始爆发以来，这是更广泛的市场提出的一个问题。

The XRP price has enjoyed an incredible rally over the last few months, but some on-chain indicators now suggest that the token might be overvalued.

XRP 价格在过去几个月中经历了令人难以置信的上涨，但一些链上指标现在表明该代币可能被高估了。

According to a recent analysis, several metrics indicate that XRP’s price could be unsustainable. One indicator is the Network Value to Transaction (NVT) ratio, which measures the growth of an asset’s market cap relative to the transaction growth.

根据最近的分析，多项指标表明 XRP 的价格可能不可持续。其中一个指标是网络价值与交易（NVT）比率，它衡量资产市值相对于交易增长的增长。

When the ratio drops, it means that transactions on the network are growing faster than the market cap, which is bullish and indicates that the price is undervalued.

当该比率下降时，意味着网络上的交易增长速度快于市值，这是看涨的，表明价格被低估。

On the other hand, a spike in the NVT ratio suggests that the market cap is growing at a faster pace which draws it to a more overvalued area. According to Santiment (as shown above), XRP’s NVT ratio has jumped to a high reading of 477.

另一方面，NVT 比率的飙升表明市值正在以更快的速度增长，从而将其拉向估值更高的区域。根据 Santiment 的数据（如上图所示），XRP 的 NVT 比率已跃升至 477 的高位。

Another indicator with such sentiment is the price- Daily Active Addresses (DAA) divergence. The price DAA measures the level of price growth compared to user engagement. When the metric increases, it means that user engagement is backing the price action, which is bullish.

具有这种情绪的另一个指标是价格与每日活跃地址（DAA）的背离。价格 DAA 衡量的是与用户参与度相比的价格增长水平。当该指标增加时，意味着用户参与度正在支持价格走势，这是看涨的。

However, as of this writing, the price of DAA divergence has dropped by 326.13%, suggesting that the number of XRP wallets interacting with the token has decreased. If this trend continues, then the XRP price might slide lower than $2.

然而，截至撰写本文时，DAA 背离的价格已下跌 326.13%，这表明与该代币交互的 XRP 钱包数量有所减少。如果这种趋势持续下去，那么 XRP 价格可能会跌破 2 美元。

XRP Price Prediction: Momentum Stays Bearish

XRP 价格预测：势头保持看跌

On the 4-hour chart, the XRP price attempted to hit $2.40. However, the altcoin faced resistance at $2.35, which has pulled the price back to $2.31. A look at the Moving Average Convergence Divergence (MACD) shows that the 12- and 26-period Exponential Moving Averages are down to the negative region.

在 4 小时图表上，XRP 价格试图触及 2.40 美元。然而，山寨币在 2.35 美元处遇到阻力，将价格拉回到 2.31 美元。移动平均线收敛分歧 (MACD) 显示，12 周期和 26 周期指数移动平均线已跌至负值区域。

This drop indicates bearish momentum around the token. Should the momentum continue to decline, then the XRP price might fall to $2.05.

这种下跌表明代币周围的看跌势头。如果势头继续下降，那么 XRP 价格可能会跌至 2.05 美元。

So, is XRP overvalued? This analysis suggests it could be. In a strongly bearish scenario, the token might drop to $1.90. Conversely, increased buying pressure could drive XRP up to $2.73.

那么，XRP 是否被高估了？这项分析表明可能是这样。在强烈看跌的情况下，代币可能会跌至 1.90 美元。相反，购买压力的增加可能会推动 XRP 上涨至 2.73 美元。