September 5 Cryptocurrency Price Forecast: XRP, PI, DOGE May Experience Oversold Rebound Market

On September 5th, although the cryptocurrency market showed limited overall fluctuations, some oversold assets are approaching a technical rebound zone. The market capitalization dominated by Bitcoin (BTC) has only slightly decreased by 0.3% in the past 24 hours, with BTC down 0.5%, Solana (SOL) down 1.5%, and Ethereum (ETH) rising by 1% against the trend. Against this backdrop, the price predictions for tokens such as Ripple (XRP), Pi Network (PI), and DOGE show signs of warming, and they may experience a rebound in the short term.

Ripple (XRP): Positive fundamentals support, may challenge 5 USD by year-end

(Source: Trading View)

XRP is currently priced at $2.85, with a daily decline of 0.5%, a 5% drop over the past week, and a 7% decrease over the past month. Despite short-term pressure, XRP has still recorded a 415% increase over the past 12 months, ranking among the top 20 performing crypto assets.

On the fundamentals, Ripple accelerated its expansion of cross-border payment business after ending its long-term lawsuit with the U.S. Securities and Exchange Commission (SEC) in early August, and acquired the stablecoin platform Rails for $200 million, while obtaining a financial license in Dubai.

On the technical side, both RSI and MACD are close to the bottom area, indicating that selling pressure is weakening. If the expectation of a rate cut by the Federal Reserve in September materializes and boosts market sentiment, XRP is expected to rebound to $3 in late September and challenge the $5 mark by the end of the year.

Pi Network (PI): Product upgrade or potential rebound catalyst

(Source: Trading View)

The current price of PI is 0.3453 USD, with a slight daily fall of 2% over the past week and a 3% decrease over the past month. Since reaching an all-time high of 2.99 USD on February 26, the cumulative correction has reached 88%.

However, Pi Network has recently launched multiple upgrades, including the Linux node software version and Pi App Studio, lowering the development threshold and attracting more validators and developers to participate.

PI, which has been in an oversold state for a long time, is expected to return above 1 dollar and even challenge 2 dollars if the market enters a bull cycle by the end of the year.

DOGE: Institutional funds and community resonance may impact $0.50 by year-end

(Source: Trading View)

DOGE is currently priced at 0.2166 USD, down 3% in the past week, but up 4% in the past month, and up 125% over the past year.

Its resilience comes from a strong community and the influence of celebrities, especially the long-term support from Elon Musk. Recent news indicates that Musk's lawyer Alex Spiro is preparing to launch a DOGE institutional investment tool, with an initial funding amount of 200 million USD, which may bring a new round of capital inflow for DOGE.

On the technical side, the MACD is approaching the Oversold area. If a bullish crossover occurs, DOGE is expected to rise to 0.30 dollars in October, aiming to hit 0.50 dollars by the end of the year.

Conclusion

As market sentiment gradually recovers and some assets enter the Oversold zone, the short-term price forecasts for XRP, Pi coin, and DOGE have turned optimistic. On a macro level, if the Federal Reserve's interest rate cut expectations come true, it will bring additional liquidity to the crypto market, driving these tokens to experience greater pumps before the end of the year. Investors should pay attention to technical indicators and fundamental news to find the best entry opportunities.