The Crypto Assets market has recently experienced a round of Fluctuation, with XRP becoming the focus of investors. After a brief pump, the price of XRP has seen a pullback, and is currently trading below $2.9, with a decrease of about 2%.

This fluctuation mainly stems from the profit-taking behavior of investors. According to statistics, since Wednesday, XRP investors have locked in over $300 million in profits. It is worth noting that this wave of selling is not only from retail investors; large holders (commonly known as "whales") are also participating, indicating a cautious attitude in the market towards the short-term outlook.

Currently, XRP is hovering near the support level of $2.84. Market analysts point out that if the selling pressure continues, XRP may further drop to the key support level of $2.72.

Meanwhile, the entire Crypto Assets market is showing a similar trend. Bitcoin (BTC) briefly rebounded to over $114,000 but failed to maintain its rise and has now fallen below $113,000. If the bearish trend continues, BTC may soon test the support area of $111,000.

An important factor causing a shift in market sentiment is the latest FOMC meeting minutes released by the Federal Reserve. The minutes indicate that policymakers tend to formulate interest rate policies based on inflation data, which has heightened investors' concerns that the Federal Reserve may keep interest rates unchanged at the September meeting.

In this context, market participants are closely following the upcoming speech by Federal Reserve Chairman Powell. Powell's remarks may provide the market with more clues about the future direction of monetary policy, thereby affecting the short-term trends of the Crypto Assets market.

Despite the pullback in the market, many analysts believe this is a healthy price correction. They point out that after experiencing a rapid rise earlier, the market needs some adjustment to digest profit-taking and lay the foundation for the next possible pump.

For investors, the current market environment presents both challenges and opportunities. When making investment decisions, it is essential to consider macroeconomic factors, the regulatory environment, and the fundamentals of individual crypto assets. At the same time, maintaining risk awareness and adopting appropriate risk management strategies is crucial.