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 <p><a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s XRP token has faced a correction over the last few days, falling 3.5% in the weekly charts and 5.7% in the previous month. However, the asset has gained momentum in the daily charts, rallying 3.2% in 24 hours. Moreover, XRP is up by over 83% since January of this year, which puts it among some of the best-performing cryptocurrencies of 2023.</p>
 <figure class="wp-block-image size-large is-resized"><img decoding="async" width="1024" height="867" src="https://cdn.thebittimes.com/images/2023/12/15/0404e69bc72ea9e5e82a0d32b9598c7e.webp" alt class="wp-image-121881" style="width: 100%;height:auto" srcset="https://cdn.thebittimes.com/images/2023/12/15/0404e69bc72ea9e5e82a0d32b9598c7e.webp 1024w, https://cdn.thebittimes.com/images/2023/12/15/0404e69bc72ea9e5e82a0d32b9598c7e.webp 300w, https://cdn.thebittimes.com/images/2023/12/15/0404e69bc72ea9e5e82a0d32b9598c7e.webp 768w, https://cdn.thebittimes.com/images/2023/12/15/0404e69bc72ea9e5e82a0d32b9598c7e.webp 1536w, https://cdn.thebittimes.com/images/2023/12/15/0404e69bc72ea9e5e82a0d32b9598c7e.webp 380w, https://cdn.thebittimes.com/images/2023/12/15/0404e69bc72ea9e5e82a0d32b9598c7e.webp 550w, https://cdn.thebittimes.com/images/2023/12/15/0404e69bc72ea9e5e82a0d32b9598c7e.webp 800w, https://cdn.thebittimes.com/images/2023/12/15/0404e69bc72ea9e5e82a0d32b9598c7e.webp 1160w, https://cdn.thebittimes.com/images/2023/12/15/0404e69bc72ea9e5e82a0d32b9598c7e.webp 1652w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: CoinGecko
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 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>: When Will XRP Reclaim Its All-Time High of $3.40?</strong></p>
 <p>XRP’s surge might not be over just yet, according to crypto analyst EGRAG CRYPTO. The analyst presents two scenarios for the fifth-largest crypto by market cap. The first scenario, dubbed the Blue Route, predicts <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s XRP to surpass the $1.20 level by the end of 2023. The price rise would translate to a growth of about 90% from current levels.</p>
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="437" src="https://cdn.thebittimes.com/images/2023/12/15/cab1868dbcb5bcc1e3dab2c2f8160efd.webp" alt class="wp-image-121893" srcset="https://cdn.thebittimes.com/images/2023/12/15/cab1868dbcb5bcc1e3dab2c2f8160efd.webp 1024w, https://cdn.thebittimes.com/images/2023/12/15/cab1868dbcb5bcc1e3dab2c2f8160efd.webp 300w, https://cdn.thebittimes.com/images/2023/12/15/cab1868dbcb5bcc1e3dab2c2f8160efd.webp 768w, https://cdn.thebittimes.com/images/2023/12/15/cab1868dbcb5bcc1e3dab2c2f8160efd.webp 1536w, https://cdn.thebittimes.com/images/2023/12/15/cab1868dbcb5bcc1e3dab2c2f8160efd.webp 380w, https://cdn.thebittimes.com/images/2023/12/15/cab1868dbcb5bcc1e3dab2c2f8160efd.webp 550w, https://cdn.thebittimes.com/images/2023/12/15/cab1868dbcb5bcc1e3dab2c2f8160efd.webp 800w, https://cdn.thebittimes.com/images/2023/12/15/cab1868dbcb5bcc1e3dab2c2f8160efd.webp 1160w, https://cdn.thebittimes.com/images/2023/12/15/cab1868dbcb5bcc1e3dab2c2f8160efd.webp 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: EGRAG CRYPTO
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 </figure>
 <p>EGRAG CRYPTO further says that the token could face a correction after hitting $1.20 but might rally to a new all-time high of $5.50 by the end of 2024. Reaching $5.50 would mean a growth of about 780% from current levels.</p>
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 <h3 class="wp-block-heading" id="h-is-there-a-bearish-outlook-for-ripple-s-xrp">Is there a bearish outlook for Ripple’s XRP?</h3>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/12/15/508b6805fe857908eaae95690320424f.webp" alt="XRP" class="wp-image-118802" srcset="https://cdn.thebittimes.com/images/2023/12/15/508b6805fe857908eaae95690320424f.webp 1024w, https://cdn.thebittimes.com/images/2023/12/15/508b6805fe857908eaae95690320424f.webp 300w, https://cdn.thebittimes.com/images/2023/12/15/508b6805fe857908eaae95690320424f.webp 768w, https://cdn.thebittimes.com/images/2023/12/15/508b6805fe857908eaae95690320424f.webp 380w, https://cdn.thebittimes.com/images/2023/12/15/508b6805fe857908eaae95690320424f.webp 550w, https://cdn.thebittimes.com/images/2023/12/15/508b6805fe857908eaae95690320424f.webp 800w, https://cdn.thebittimes.com/images/2023/12/15/508b6805fe857908eaae95690320424f.webp 1100w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source – Crypto
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 </figure>
 <p>EGRAG CRYPTO also provides a bearish outlook for XRP, dubbed the Green Route. According to the Green Route, XRP could drop to around $0.50 by Christmas 2023. The fall in price would translate to a drop of about 20% from current levels. However, if XRP’s price falls to $0.50 by this Christmas, it could surge to $22.50 by July 2024. Reaching $22.50 would lead to a growth of around 3497% from current price levels.</p>
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>: How Much to Invest to Be a Millionaire if XRP Hits $5?</strong></p>
 <p>Therefore, in both scenarios, XRP could see a massive surge in its price. However, there is still a question about <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s legal battle with the US SEC (Securities and Exchange Commission), which could impact XRP’s price. If the court rules in favor of <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>, the token’s price will likely surge. However, a ruling against the fintech company could cause the token’s price to plummet.</p>
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  <li>Ripple</li>
  <li>xrp</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-xrp-could-rally-90-hit-1-20-by-2023-end-says-analyst-tbt73749.html">https://thebittimes.com/ripple-xrp-could-rally-90-hit-1-20-by-2023-end-says-analyst-tbt73749.html</a></p>

Ripple XRP Could Rally 90%, Hit $1.20 By 2023 End: Says Analyst

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