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Buyers are trying to seize the initiative at the end of the day, according to <a href="https://u.today/bitcoin-btc-price-analysis-for-september-4-0" rel="noopener noreferrer nofollow">CoinStats</a>. 
<img data-entity-type="file" data-entity-uuid="1342359f-1b11-42fb-a07d-985cc4911005" src="https://u.today/sites/default/files/inline-images/top10_638.png">Top coins by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a> 
<h2 dir="ltr" id="xrp-usd">XRP/USD</h2> 
The price of XRP has increased by 0.79% since yesterday. 
<img data-entity-type="file" data-entity-uuid="06221aaf-f722-4ab9-a1a2-e784eaee340d" src="https://u.today/sites/default/files/inline-images/xrp1_88.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the hourly chart, the rate of XRP might have found a local support of $0.4986. If the upward move continues and the daily bar closes near the resistance, the accumulated energy might be enough for a breakout, followed by a blast to the $0.51-$0.52 zone. 
<img data-entity-type="file" data-entity-uuid="3b32885a-29d6-4429-80be-f0521cee517e" src="https://u.today/sites/default/files/inline-images/xrp2_83.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSD" rel="noopener noreferrer nofollow">TradingView</a> 
A less positive picture can be seen on the daily chart as the price is still far from the support and the resistance. Buyers might start thinking about a possible trend change only if they restore the rate above the $0.52 zone. 
However, it might take more than a week for this scenario to come true. 
<img data-entity-type="file" data-entity-uuid="59eb8731-63d9-4324-8d88-ea4ca2a2205c" src="https://u.today/sites/default/files/inline-images/xrp3_76.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSD" rel="noopener noreferrer nofollow">TradingView</a> 
From the midterm point of view, the rate of XRP is in the middle of the wide channel, between the support of $0.41 and the resistance of $0.58. As none of the sides has seized the initiative yet, sideways trading around the $0.50 area is the more likely scenario until mid-September. 
XRP is trading at $0.5019 at press time.

XRP Price Analysis for September 5

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