Recently, the price performance of XRP has shown certain instability. After rebounding from $2.80, its price is currently stagnating around $3.09, while the key support level at $2.91 is playing a role. There have been some concerning trends in the market, including the transfer of funds by Large Investors and the strengthening of shorting forces, which may indicate that the market is about to experience a wave of fluctuation.

According to technical analysis, the fluctuation range of XRP in August may be between $2.94 and $3.39. Some optimistic market participants expect the price to reach $4.45, but the realization of this expectation requires a corresponding trading volume and support from market confidence.

It is worth noting that if the price breaks below the support level of $2.91, it could trigger a chain reaction leading to a larger-scale sell-off. Therefore, investors need to closely monitor the changes at this key price level.

Currently, XRP's price trend is in a sensitive period. Market participants should remain vigilant and follow various factors that may affect the price, including but not limited to changes in the regulatory environment, the behavior of Large Investors, and the overall direction of the cryptocurrency market. When making investment decisions, it is important to consider multiple aspects of information and develop appropriate strategies based on one's own risk tolerance.