XRP Price Prediction for July 23

After rallying over 80% in the past two weeks, XRP price is showing signs of short-term exhaustion. XRP price today is trading near $3.45, down nearly 3% on the day, as bulls lose grip near the upper boundary of a major supply zone. The token is now testing crucial structural support with indicators suggesting mixed momentum.

What’s Happening With XRP’s Price?

XRP’s intraday structure shows a clear breakdown below a short-term ascending trendline visible on the 1-hour chart. The move follows a double rejection near $3.66, which aligns closely with the top of the red supply zone marked on the daily chart. Price has now fallen back into the previous consolidation band between $3.35 and $3.58.

RSI on the 1-hour chart has dropped to 38.94, suggesting weakening bullish pressure, while MACD shows a fading bullish crossover with histogram bars sliding toward negative territory. The rejection also invalidated the rising channel, and price is now testing the base of a horizontal range.

The 4-hour chart confirms this with XRP trading below the 20 EMA ($3.4690) and just above the 50 EMA at $3.2658. Bollinger Bands are tightening, indicating a potential volatility expansion. With candles beginning to pierce the lower band ($3.37), there is risk of a sharper retracement if buyers do not step in.

Why Is The XRP Price Going Down Today?

Why XRP price going down today can be attributed to rejection from a historically strong supply zone and weakening internal momentum. The daily chart shows XRP hitting a red volume cluster between $3.58 and $3.66, the same area that marked a long-term top earlier in 2024. The inability to break and close above this band triggered profit-taking and a wave of short orders.

Volume Profile confirms this resistance, with the POC aligning just below $3.60. Meanwhile, Smart Money Concepts suggest price is entering a mid-cycle correction. Trendline breaks and failure to hold recent CHoCH levels indicate a likely shift in short-term flow.

Derivatives data from Coinglass shows a -3.17% drop in open interest (to $10.63B), even as volume rose by 15.48% to $21.1B. This indicates participants are closing long positions while engaging in short-term trades. Notably, the Binance top trader long/short ratio sits at 3.01, showing a strong long bias despite price weakness, a setup that often precedes forced liquidations if support fails.

Supertrend Support and Bearish Divergences Confirm Caution

The 2-hour Supertrend has just flipped bearish below $3.4352. Price is currently hovering near this level, and a clean break below could confirm a downside continuation. The DMI indicator also reinforces this signal, with ADX rising while +DI weakens, suggesting trend strength but no buyer dominance.

Ichimoku structures show XRP breaking below the Tenkan-Sen and approaching Kijun support near $3.37 on the 4-hour timeframe. The bearish tilt will solidify further if price sustains below the EMA cluster, which is currently compressing around $3.46–$3.37.

On the downside, the green support blocks from previous breakouts are clustered between $3.00 and $3.10. A breakdown through $3.35 could accelerate a move toward this demand zone.

XRP Price Prediction: Short-Term Outlook (24H)

If XRP price today loses the $3.43–$3.45 zone decisively, the immediate next target lies at $3.33, followed by $3.10. A break below this level would expose the $2.98–$3.00 demand cluster supported by the 100 EMA on the 4-hour chart.

On the flip side, if bulls reclaim $3.50 with strength, a retest of $3.60 could unfold quickly. But to resume the broader uptrend, XRP must close above $3.66 with high volume, a scenario not currently supported by momentum or funding data.

Given the divergence in volume versus positioning, traders should prepare for volatility and closely monitor whether price can hold above $3.43. If not, deeper retracements could materialize.

XRP Price Forecast Table: July 23, 2025