In July 2023, XRP continues to show unstable trends. Following a breakout attempt in late June, the price has again returned near key support levels.
How Did XRP Price Perform in June?
XRP spent most of June trading in a horizontal range between $2.00 and $2.37. The price struggled to break above resistance or hold below support for any extended period. Toward the end of June, XRP showed signs of strength and pushed past the 50-SMA on the 4H chart, reaching $2.32, but this breakout was short-lived as the price retreated to around $2.21.
Ripple XRP Chart Analysis
Looking at the XRP 4H chart, price action shows a strong rejection just below the $2.37 resistance level. The short-term uptrend formed from June 24 remains active as price tests the ascending trendline and the 50-SMA near $2.16–$2.20. This area is shaping up to be a pivotal zone. If buyers hold this support, XRP could attempt another move toward $2.32 or $2.37. If the trendline breaks, a return to lower support near $2.00 looks likely.
XRP Price Forecast for July
For July, two scenarios can be outlined. In the bearish scenario, if XRP fails to hold the $2.16–$2.20 support zone, the price could slide back toward $2.00, and a break below that could extend losses to $1.85–$1.90. In contrast, the bullish scenario suggests that if XRP respects the trendline and climbs back above $2.30, a retest of $2.37 is possible, needing a clear breakout accompanied by strong buying volume.
Currently, XRP's price in July remains unclear. The market is watching the $2.16–$2.20 region closely as it may determine the future price movement. If the support holds, a short rally may form, otherwise, control could shift back to sellers.
