<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Buyers could not hold today's rise until the end of the day, and most coins have returned to the red zone, according to <a href="https://u.today/bitcoin-btc-prediction-for-september-5" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="69b7fe92-eb85-49ef-bb65-9d519a6c0258" src="https://u.today/sites/default/files/inline-images/top10_1340.png">XRP chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="xrp-usd">XRP/USD</h2>
The price of XRP has gone down by 1.55% since yesterday. <img data-entity-type="file" data-entity-uuid="b0685f9f-0082-4297-aa46-52f5956c676c" src="https://u.today/sites/default/files/inline-images/%D1%87%D0%BA%D0%B71_1.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of XRP is trading near the local support of $0.5485.&nbsp;
If buyers cannot seize the initiative until the end of the day, one can expect a breakout, followed by a move to the $0.54 zone. <img data-entity-type="file" data-entity-uuid="0cc31543-c451-4993-9799-428e24208719" src="https://u.today/sites/default/files/inline-images/xrp2_178.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the picture is also bearish. If the daily bar closes near the support level of $0.5434, the accumulated energy might be enough for a dump to the $0.51-$0.52 range. <img data-entity-type="file" data-entity-uuid="46a1be1f-7cb7-43c6-8fbe-9aa2d236945d" src="https://u.today/sites/default/files/inline-images/xrp3_174.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly chart, none of the sides has seized the initiative yet. If the situation remains the same, ongoing sideways trading in the area of $0.52-$0.60 is the more likely scenario.
XRP is trading at $0.5488 at press time.

XRP Prediction for September 5

Table of Contents

U_Today

Other articles published on Sep 5, 2024

Mixed Bellscoin mining boosts Litecoin (LTC) hashrate

Coinbase CFO: Future Forward PAC Accepting Crypto for Harris

Ripple President Speaks On XRP Ledger Notable Move

Next Cryptocurrency to Explode Wednesday, September 5 — Neiro Ethereum, Curve DAO Token, Ravencoi...

Monochrome Applies for Ethereum ETF Listing on Cboe Australia

UXLINK Price Plunges 7% As Investors Rush To Buy This Base Meme Coin Before Its DEX Launch Today

Join our free newsletter for daily crypto updates!