Most of the coins are in the red zone on the first day of September, according to CoinMarketCap. XRP/USD The rate of XRP has declined by 1.73% over the last day. On the hourly chart, the price of XRP is going down after a false breakout of the local resistance of $2.8270. If sellers' pressure continues, there is a chance of a test of $2.70 by tomorrow. On the bigger time frame, there are no reversal signals yet. If a breakout of the support happens, the accumulated energy might be enough for a further decline to the $2.60 area. From the midterm point of view, one should focus on the weekly candle closure in terms of the $2.7280 level. If the bar closes below that mark, traders may witness a test of the $2.60-$2.70 range soon. XRP is trading at $2.7772 at press time.