XRP 目前正在测试 1.35 美元的支撑位，因为其价格走势仍锁定在长达数周的盘整阶段。 A new CryptoQuant report, however, suggests that beneath this quiet surface, a significant structural shift is underway, setting the stage for a potential explosive price move.
该报告强调了 XRP 杠杆率与其价格之间的重大差异。杠杆率（表明市场上的投机借入资本水平）已被冲出并保持在较低水平。通常，杠杆率的降低会伴随着价格的下跌。 Yet, XRP's price has held relatively steady, refusing to collapse to levels that would match the depleted leverage environment.
这种分歧造成了分析师所描述的本质上不稳定的设置，必须解决。 The resolution typically follows one of two paths: either the price falls to meet the low leverage ratio, or new capital enters the market, causing the leverage ratio to rise sharply to meet the resilient price.
当前的情况强烈表明后一种情况。事实上，在没有高杠杆作用的情况下，价格仍保持不变，这表明真正的有机需求正在吸收供应。这奠定了坚实的基础。 When speculative leverage eventually returns to a market in this state, it acts as a powerful accelerant on an already stable base, often triggering a rapid and significant price expansion.
报告总结道：“这些时期不会以缓慢的爬升结束。” "They tend to produce sudden and powerful price expansions — the kind where the leverage ratio and price close their gap rapidly and simultaneously."
在技术方面，XRP 的交易价格约为 1.37 美元，在从 2024 年高点附近的 0.75 美元急剧下跌之后试图稳定下来。 The key development is the formation of a horizontal support zone between $1.25 and $1.35, which has been tested and held multiple times since February, confirming persistent demand.
然而，更广泛的趋势仍然看跌。 XRP continues to trade below its key downward-sloping moving averages (50-day, 100-day, and 200-day), with the $1.50 to $1.70 region acting as a formidable resistance zone.成交量依然低迷，反映出市场缺乏广泛的信心。
近期前景取决于范围边界。需要持续突破 1.50 美元才能发出潜在趋势逆转并挑战上方阻力位的信号。相反，如果果断跌破 1.25 美元支撑位，则可能会引发当前下行趋势的另一波下跌。目前，市场正在等待，为下一步重大举措悄悄施加压力。