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Ripple’s XRP token recently experienced a correction, witnessing a 3.5% decline in the weekly charts and a 5.7% dip over the past month. Despite this, the cryptocurrency has demonstrated resilience, posting a 3.2% gain in the daily charts. Notably, XRP has surged by an impressive 83% since the beginning of the year, positioning it among the top-performing cryptocurrencies in 2023.

 

Crypto analyst EGRAG CRYPTO suggests that XRP’s upward momentum may continue. EGRAG CRYPTO outlines two possible scenarios for the fifth-largest cryptocurrency by market cap. In the first scenario, referred to as the Blue Route, Ripple’s XRP is anticipated to exceed the $1.20 mark by the conclusion of 2023, indicating a substantial 90% increase from its current levels.

 

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