Ripple XRP Predicted to $1.20 by 2023 End

Ripple’s XRP recently underwent a minor decline, marking a 3.5% decrease in the weekly charts and a 5.7% drop over the last month. However, the token has shown a 3.2% surge in the daily charts, maintaining an impressive 83% growth since the start of 2023, positioning itself among the top-performing cryptocurrencies this year.1

EGRAG CRYPTO, a notable crypto analyst, anticipates further potential for XRP. Under the analyst’s Blue Route scenario, XRP might surpass the $1.20 mark by the year-end, signifying a substantial 90% increase from its current value.

Looking ahead, EGRAG CRYPTO forecasts a potential correction after hitting $1.20, followed by a prospective rally towards a new peak of $5.50 by the conclusion of 2024, suggesting an impressive 780% growth from the current levels.

Conversely, the analyst outlines a bearish projection, named the Green Route. This scenario suggests a possible drop in XRP’s value to around $0.50 by Christmas 2023, indicating a 20% decrease. However, if XRP reaches $0.50 by that time, the forecast indicates a potential surge to $22.50 by July 2024, marking an extraordinary 3497% growth from its current price.