XRP Price Prediction For July 23

XRP is showing early signs of catching up to Bitcoin after lagging behind in recent weeks, though the longer-term technical picture remains unresolved.

Weekly Chart Still Unconfirmed

On the weekly time frame, XRP has not yet confirmed a reversal out of its larger bearish trend. Little changed on that chart over the past day, and the broader downtrend structure remains intact for now.

Daily Chart Shows a Catch-Up Attempt

The daily chart tells a different story. XRP is starting to close the gap with Bitcoin and other altcoins that have outperformed it recently. Bitcoin has been forming higher highs and higher lows for several weeks and its bullish trend is accelerating. XRP, by contrast, has not yet broken above its previous high.

For XRP to meaningfully outperform Bitcoin, Bitcoin dominance would likely need to pull back first, opening the door to broader altcoin strength. With Bitcoin dominance currently bouncing, a wider altcoin season looks unlikely in the near term. XRP’s current move is best read as a short-term catch-up rather than a trend shift.

Resistance Levels to Watch

XRP is testing a key resistance zone between $1.16 and $1.18, roughly the $1.17 mark, based on prior price action. Above that, further resistance sits near $1.24, with a more significant level at $1.30.

A bullish divergence remains active on the daily chart, supporting the case for either continued relief to the upside or choppy, sideways trading in the days ahead.