七月涨幅超70%，市值超越百事、贝莱德，XRP的“抗跌体质”是怎么炼成的？

Odaily星球日报Published on 2025-08-04Last updated on 2025-08-04

原创 | Odaily 星球日报（@OdailyChina）

作者 | 叮当（@XiaMiPP）

一周前，Ripple（XRP）市值突破 2039 亿美元，跃居全球资产第 91 位，超越百事、优步与贝莱德，与麦当劳的差距缩至 5%。值得注意的是，自 2024 年特朗普连任以来，XRP 累计涨幅超 585%，7 月单月暴涨71.6%。尽管近期随大盘回调市值回落至 1780 亿美元，但今日反弹中 XRP 仍显强势。

观察近一年走势可见，在机构主导的新周期中，XRP 展现出显著抗跌性——每次暴跌后总有资金率先托底。这种“主动护盘”现象背后，可能源于 Ripple 基本面的实质转变。Odaily星球日报将于下文深度剖析其近期核心变化。

监管破局：六年法律枷锁终解除

对 Ripple 来说，2025 是彻底告别“法律拉锯战”的转折点。自 2019 年以来，与美国证券交易委员会（SEC）的长期诉讼一直是压在 XRP 发展道路上的沉重枷锁。直到 2023 年，Torres 法官的裁决首次给予喘息空间：公开市场的 XRP 交易不构成证券销售，虽然机构销售部分仍触及证券法红线。

到了 2025 年，Ripple 主动撤回对 SEC 的交叉上诉，选择支付 1.25 亿美元罚款，以“和解”形式画上句号。长达六年的合规争议正式落地，不仅为 Ripple 卸下包袱，也为 XRP 的未来打开了大门。

ETF Store 总裁 Nate Geraci 直言，诉讼的结束扫清了现货 XRP ETF 的障碍，甚至可能吸引贝莱德等金融巨头入场。彭博社 ETF 分析师 James Seyffart 更为乐观，他预测 2025 年下半年 XRP 现货 ETF 获批的概率高达 95%，与 Solana 和 Litecoin 并列为最可能获批的“次主流”资产。而新任 SEC 主席 Paul Atkins 则发布明确指南，表明监管环境正由“消极阻挠”转向“结构性接纳”。

XRP 的合规性疑虑烟消云散，投资者开始憧憬它在传统金融市场的更大舞台。

金融产品扩容：主流市场地位获认证

XRP 的市场热度也体现在金融产品的持续扩容上。

Coinbase Derivatives 宣布将于 8 月 18 日上线 nano XRP 永续合约，为美国市场提供合法衍生品渠道；纽交所方面，ProShares Ultra XRP ETF（代码：UXRP）获批上市，提供每日两倍回报杠杆产品，虽非现货 ETF，但已被视为 XRP 进入主流金融框架的信号之一。

与此同时，Bitwise 将旗下 10 支加密指数基金全数转换为 ETF，XRP 名列前五；Truth Social 旗下的“Crypto Blue Chip ETF”也将 2% 资产权重分配给 XRP，明确其在“加密蓝筹”序列中的位置。

这些金融产品的落地背后，是对 XRP 高市值、高流动性、低转账成本等核心指标的肯定。更重要的是，在合规门槛降低之后，交易所和机构正加速“重估” XRP 的金融资产潜力。

企业储备潮起，第二增长叙事崛起

如果说监管突破为 XRP 铺平了道路，那么机构的热情则为它插上了翅膀。2025 年，越来越多的企业将 XRP 纳入财务储备或支付体系，这也成为 2025 年 XRP 上涨的核心推力之一。

移动出行服务商 Webus International Limited 与 Ripple Strategy Holdings 签署高达 1 亿美元的优先股权+信用额度协议，用于建立 XRP 储备池；Thumzup Media Corporation 授权最多持有 2.5 亿美元的加密资产，明确包括 XRP；垂直农业科技公司 Nature’s Miracle Holding 宣布设立 2000 万美元的 XRP 财政计划，用于运营资金管理。与此同时，Amber International 完成 2550 万美元私募融资，资金将用于构建以 XRP 为核心的 1 亿美元加密储备组合，投资方包括 Pantera Capital 等老牌加密 VC。

从跨境支付到企业结算，XRP 的实际使用场景正快速向“企业财务工具”演化，这种新兴的“储备叙事”正在脱离原先对“诉讼与价格”的窄化理解，重塑市场认知。

链上透明度，信任重建进行时

尽管市场表现亮眼，XRP 社区内部对链上透明度的质疑仍不容忽视。KOL Andrei Jikh 指出，Ripple 虽自称自 2013 年以来已与 300 多家银行合作，但缺乏足够链上数据支持。

对此，Ripple 首席技术官 David Schwartz 回应称，多数机构采用 XRP 是基于链下解决方案，XRPL 本身并未设计为高频链上交互平台，其价值在于支撑高效的跨境支付通道。这一解释虽回应了“链上寂静”的现象，但也暴露出 Ripple 面临的核心矛盾——如何在链下机构使用和社区对链上透明之间寻求平衡。

另一方面，在 XRP 价格触及历史高点 3.66 美元回落后，7 月 18 日，联合创始人 Chris Larsen 向 Coinbase 转入价值 2600 万美元的 XRP，引发市场揣测，不过好在并未引发明显抛压，可能是联创个人出于对资产管理的需要。

另外，Ripple 首席执行官 Brad Garlinghouse 也针对 Linqto 持有 470 万股 Ripple 股份一事作出澄清，强调 Ripple 股份与 XRP 的本质区别。他表示，Linqto 作为独立公司，从现有股东手中收购股份，Ripple 对其商业行为并无控制权。这一澄清消除了社区对股权交易的误解，也为 Ripple 的透明度加分。

整体来看，Ripple 正通过公开回应、制度澄清以及治理披露，稳步重建透明信任。这也将是它进入“机构认购阶段”所必须完成的另一场“基础设施建设”。

结语

从 SEC 诉讼的尘埃落定，到 ETF 获批概率提升，再到企业储备与金融产品的扩容，Ripple 正逐步完成从“监管边缘资产”到“主流金融标的”的跃迁。

短期来看，现货 ETF 若在 2025 年下半年成功落地，将成为撬动下一轮资金潮的关键节点；长期而言，Ripple 仍需在提升 XRPL 链上透明度等方面持续努力，以回应社区期待、匹配机构标准。从跨境支付到企业储备，再到全球金融产品，Ripple 的星辰大海正在徐徐展开。

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What is XRP 2.0

XRP 2.0: A New Frontier in the Cryptocurrency Landscape Introduction to XRP 2.0 In the ever-evolving realm of cryptocurrency, new projects continuously emerge, vying for attention and adoption. One such promising initiative is XRP 2.0, a novel cryptocurrency project designed to leverage advanced blockchain technology and robust encryption methodologies. While the name draws parallels with Ripple’s XRP, it’s crucial to note that XRP 2.0 operates independently, focusing on enhancing transaction security, privacy, and scalability. As the digital financial landscape increasingly embraces decentralized solutions, XRP 2.0 aims to contribute meaningfully to web3 and the overall expansion of crypto projects. What is XRP 2.0? At its core, XRP 2.0 is a cryptocurrency project that aims to create a secure and decentralized digital currency ecosystem. Its foundational technology integrates sophisticated blockchain principles with cutting-edge encryption techniques. The overarching goal of XRP 2.0 is to establish itself as a reliable and efficient platform enabling swift transaction execution while prioritizing enhanced privacy protections for its users. The project is promoted as a solution to many limitations faced by existing cryptocurrencies, proposing a system that can handle a higher volume of transactions with improved speed and privacy. This versatility positions XRP 2.0 as a significant contender in a marketplace riddled with various digital currencies. Who is the Creator of XRP 2.0? The identity of the creator behind XRP 2.0 has been flagged as ‘Wilbur.’ However, comprehensive details regarding Wilbur or their associated entity remain elusive. The anonymity of many cryptocurrency creators is not an uncommon phenomenon in the industry, often designed to maintain a degree of privacy and security. Who are the Investors of XRP 2.0? As of now, specific information related to the investment foundations or organizations supporting XRP 2.0 is not publicly available. In the cryptocurrency sector, the backing by reputed investors can significantly influence a project's credibility and success, yet the transparency regarding the financial supporters of XRP 2.0 has not been established. How Does XRP 2.0 Work? XRP 2.0 stands out by employing a combination of blockchain technology and advanced encryption algorithms that ensures secure and decentralized transactions. Its innovative structure includes unique features designed to foster user engagement and broaden functionalities beyond conventional cryptocurrency transactions. Among these features, XRP 2.0 incorporates AI-powered capabilities, such as text-to-image and text-to-speech functionalities. These additions are designed to enhance the interactive experience for users, promoting broader applicability across various sectors. By bridging technological advancements with user-centered design, XRP 2.0 aims to capture the attention of a diverse range of individuals and enterprises looking to integrate cryptocurrency solutions into their operational frameworks. Timeline of XRP 2.0 Understanding XRP 2.0 requires examining the milestones that have defined its journey thus far: July 23, 2023: XRP 2.0 is introduced as a novel cryptocurrency project, aiming to revolutionize secure and decentralized transaction capabilities in the blockchain domain. September 8, 2023: The launching of another project, XRP20, occurs, marking the emergence of an ERC-20 token on the Ethereum blockchain that remains unrelated to XRP 2.0. November 13, 2023: The XRP Ledger undergoes a significant update with the release of rippled server software version 2.0.0. It is essential to note that this development is disconnected from the XRP 2.0 cryptocurrency project. Key Points About XRP 2.0 To distill the essence of XRP 2.0, several critical factors emerge: Unique Features: The inclusion of features like AI-powered text-to-image and text-to-speech further diversifies the potential applications of XRP 2.0. Blockchain Technology: The framework utilizes advanced blockchain mechanisms and encryption protocols, ensuring a secure and decentralized environment for transactions. Scalability and Privacy: XRP 2.0 prioritizes enhanced privacy protections in transaction processes and the scalability necessary to accommodate a growing user base. No Affiliation with Ripple: Importantly, despite its name, XRP 2.0 does not have any allegiance or collaboration with Ripple’s XRP, distinguishing its operational framework and objectives within the cryptocurrency ecosystem. Conclusion XRP 2.0 represents an ambitious venture into the cryptocurrency sphere, aiming to offer a combination of security, privacy, and efficiency in digital transactions. By integrating sophisticated technologies and user-friendly features, the project sets out to broaden the horizons of what cryptocurrency can achieve in today's digital economy. While the anonymity of its creator and lack of disclosed investors might raise questions for some, XRP 2.0's focus on advanced functionalities and decentralisation enhances its appeal amidst an increasingly crowded crypto market. As the cryptocurrency landscape continues to evolve, XRP 2.0 may yet emerge as a pivotal player in the expansion of secure and scalable blockchain solutions.

942 Total ViewsPublished 2024.04.01Updated 2024.12.03

What is XRP 2.0

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