XRP Price Prediction for July 23

Key Points

1. XRP price is trading near $3.45, down nearly 3%, following a double rejection near $3.66, a historically strong supply zone.

2. Technical indicators like RSI (38.94 on 1-hour chart) and MACD show weakening bullish pressure, with the Supertrend flipping bearish below $3.4352.

3. A breakdown below $3.35 could accelerate a move toward the $3.00–$3.10 demand zone, while reclaiming $3.50 could lead to a retest of $3.60.

4. Derivatives data shows a -3.17% drop in open interest to $10.63B, indicating participants are closing long positions despite a 15.48% rise in volume.

5. The Binance top trader long/short ratio sits at 3.01, showing a strong long bias but with a risk of liquidation.