The cryptocurrency market experienced a significant downturn, with XRP seeing a notable decline of 4.2% according to CoinMarketCap. On the hourly chart, an attempt to breakout from its local support level at $2.8495 failed. This failure suggests that the downward trend may continue if the daily candle closes near or below current prices. Analysts predict further declines potentially reaching the $2.80 mark. ⏳ Long-term outlook: The situation remains more bearish, with analysts predicting a test of the $2.7387 support level if bulls are unable to gain momentum by day’s end. 📈 The medium-term perspective is similarly negative, with a potential breakout from the support triggering a test of the $2.50 area. As of press time, XRP is trading at $2.8785.