XRP 能否夺回市值第二大加密货币的地位？

12 月 2 日，XRP 超越 Tether，重新夺回市值第三大加密货币的地位。 XRP 的价格飙升近 30%，达到 2.8 美元的多年高点。

XRP price surged on Dec. 2, reclaiming its position as the third-largest cryptocurrency by market cap after a multi-year high price surge of nearly 30%.

XRP 价格于 12 月 2 日飙升，在经历了多年来近 30% 的高位上涨后，重新夺回了市值第三大加密货币的地位。

This marks a significant comeback for XRP, which had fallen behind Tether after its legal battle with the U.S. Securities and Exchange Commission (SEC). As of December 2024, XRP’s market cap stands at approximately $150 billion, surpassing Tether and Solana (SOL).

这标志着 XRP 的重大回归，该公司在与美国证券交易委员会 (SEC) 的法律诉讼后落后于 Tether。截至 2024 年 12 月，XRP 的市值约为 1500 亿美元，超过了 Tether 和 Solana (SOL)。

However, the question remains: can XRP continue its upward momentum and potentially challenge Ethereum for the second-largest spot in the crypto market?

然而，问题仍然存在：XRP 能否继续保持上涨势头，并有可能挑战以太坊，争夺加密市场第二大席位？

What Factors Led XRP’s Rally?

哪些因素导致 XRP 上涨？

One major driver behind XRP’s price rally is the growing interest in XRP exchange-traded funds (ETFs). Several firms, including Bitwise, Canary Funds and WisdomTree, have filed with the SEC to launch an ETF that would directly hold XRP.

XRP 价格上涨的主要推动力之一是人们对 XRP 交易所交易基金 (ETF) 的兴趣日益浓厚。 Bitwise、Canary Funds 和 WisdomTree 等多家公司已向 SEC 提交申请，推出直接持有 XRP 的 ETF。

If approved, this could boost demand for XRP, much like how Bitcoin has seen increased demand following the approval of a spot Bitcoin ETF.

如果获得批准，这可能会增加对 XRP 的需求，就像现货比特币 ETF 获得批准后比特币的需求增加一样。

Additionally, the pro-crypto stance of President-elect Donald Trump has helped fuel optimism in the market. Trump’s statements about supporting cryptocurrency and the potential resignation of SEC Chairman Gary Gensler have provided a sense of security for XRP investors, especially given the SEC’s legal battle with Ripple.

此外，当选总统唐纳德·特朗普的支持加密货币立场也有助于激发市场的乐观情绪。特朗普关于支持加密货币的声明以及 SEC 主席加里·詹斯勒 (Gary Gensler) 可能辞职的言论为 XRP 投资者提供了安全感，特别是考虑到 SEC 与 Ripple 的法律斗争。

Investors are now hopeful that the regulatory landscape will improve for XRP, opening the door for further growth.

投资者现在希望 XRP 的监管环境将会改善，为进一步增长打开大门。

Can XRP Overtake Ethereum?

XRP能超越以太坊吗？

Ethereum currently has a market cap of around $440 billion, while XRP’s market cap is at $144 billion.

以太坊目前的市值约为 4400 亿美元，而 XRP 的市值为 1440 亿美元。

Ethereum has seen a 54.47% increase in its market capitalization so far in 2024. On the other hand, XRP has seen a 348.70% increase in market cap year to date.

2024 年迄今为止，以太坊的市值增长了 54.47%。另一方面，XRP 的市值今年迄今增长了 348.70%。

To continue this upward momentum and surpass Ethereum, XRP would need to see substantial and sustained price increases.

为了继续这种上升势头并超越以太坊，XRP 需要看到大幅且持续的价格上涨。

One crypto influencer, known as “venturefounder” on Twitter, has identified three critical resistance levels that XRP must overcome to potentially challenge Ethereum.

一位在 Twitter 上被称为“风险创始人”的加密货币影响者已经确定了 XRP 必须克服的三个关键阻力位，才能潜在地挑战以太坊。

Resistance levels are the price points where XRP might face difficulty in continuing its upward momentum.

阻力位是 XRP 可能难以继续其上涨势头的价格点。

The first level of resistance is at 0.00019, which shows a 25.35% increase in value relative to Ethereum. If XRP breaks through this resistance, it could signal further price increases.

第一阻力位为 0.00019，相对于以太坊价值增加了​​ 25.35%。如果 XRP 突破该阻力位，则可能预示着价格进一步上涨。

The next level, at 0.00087, shows a 116.06% increase in value compared to Ethereum. Surpassing this level would demonstrate a more sustained uptrend in XRP’s price.

下一个水平为 0.00087，与以太坊相比，价值增加了​​ 116.06%。超过这一水平将表明 XRP 价格的上涨趋势更加持续。

The most significant resistance level is at 0.00242, which shows a 326.48% increase in value. If XRP manages to cross this level, it would be closer to challenging Ethereum.

最重要的阻力位是0.00242，显示价值增加了​​326.48%。如果 XRP 能够突破这一水平，它将更接近挑战以太坊。

The charts show that XRP is having a good run, but it still has a long way to go to catch Ethereum in market cap. Right now, XRP’s market cap is much smaller than Ethereum’s, so even if XRP rises in price, it would still need a huge boost to surpass Ethereum.

图表显示，XRP 运行良好，但要赶上以太坊的市值还有很长的路要走。目前XRP的市值远小于以太坊，所以即使XRP价格上涨，它仍然需要巨大的推动才能超越以太坊。

These projections make it clear that XRP would need a massive price increase to even begin to challenge Ethereum, as Ethereum’s current market cap is about three times larger than XRP’s.

这些预测清楚地表明，XRP 需要大幅提价才能开始挑战以太坊，因为以太坊当前的市值约为 XRP 的三倍。

Analysts Warn of Leverage-Driven Rally

分析师警告杠杆驱动的反弹

Amid all these speculations, analysts are cautioning that XRP’s rally might be fueled by leverage. According to data from CryptoQuant, open interest in XRP, which measures the total value of outstanding derivatives positions, has spiked by 37%.

在所有这些猜测中，分析师警告称，杠杆可能会推动 XRP 的上涨。根据 CryptoQuant 的数据，衡量未平仓衍生品头寸总价值的 XRP 未平仓合约已飙升 37%。

A rise in open interest often signals that traders are using borrowed money to take large positions, which can lead to volatility. In the past, such leverage-driven rallies have resulted in sharp corrections, and analysts warn that the current XRP surge could face a similar fate.

未平仓合约的增加通常表明交易者正在利用借来的资金持有大量头寸，这可能会导致波动。过去，这种杠杆驱动的反弹导致了大幅调整，分析师警告称，当前的 XRP 飙升可能面临类似的命运。