TL;DR

• Recent XRP Price Dip and Optimistic Outlook: XRP has dropped from about $0.70 to $0.60, but analysts predict it could reach new highs before the end of 2023, potentially surpassing $1.20 soon.
• Analyst Predictions for XRP’s Future: EGRAG CRYPTO outlines two scenarios: the “Blue Route” with XRP rising to over $1.20 and an all-time high of $5.50 by late 2024, and the “Green Route” with a short-term drop to $0.50, followed by a surge to $22.50 by mid-2024.
• Exchange Support Boosts XRP’s Prospects: The re-listing of XRP on major exchanges like Coinbase, Kraken, and Crypto.com, along with new support from Blockchain.com, could contribute to its potential price increase.

XRP to Surpass $1 Before the End of 2023?

Ripple’s native token – XRP – has been on a downfall in the past few days, with its price dropping from almost $0.70 to its current level of approximately $0.60 (per CoinGecko’s data). However, some analysts remain optimistic that the asset would reach a new yearly peak before New Year’s Eve.

The popular X (Twitter) user EGRAG CRYPTO presented two possible scenarios that could be in the cards for XRP. The first one, described as “Blue Route,” indicates that the token’s price might be on the verge of surpassing $1.20 in the following weeks. 

“January 2024 might just be the moment when things really start moving,” the analyst claimed.

The coin could then experience a significant correction before skyrocketing to an all-time high of $5.50 by the end of 2024.

XRP might take another path, named “Green Route.” That scenario is more bearish for the short term, showing that the asset could plunge to around $0.50 by Christmas. On the other hand, it might also lead to a price explosion toward a whopping $22.50 by July next year.