Bears became more powerful than bulls since yesterday, as all of the top 10 coins are in the red zone, according to CoinMarketCap. XRP/USD XRP is one of the biggest losers today, falling 6.22%. On the hourly chart, the rate of XRP is testing the local support of $2.4871. If its breakout occurs, the decline is likely to continue to the $2.40 mark by tomorrow. On the longer time frame, the price of XRP keeps going down after a false breakout of the resistance of $2.6624. If the daily bar closes below the interim level of $2.50, traders may witness a test of the $2.40 zone soon. From the midterm point of view, one should focus on the candle's closure in terms of the $2.6624 level. If the weekly bar closes far from that mark, the correction is likely to continue to the $2.20-$2.30 range. XRP is trading at $2.4884 at press time.