EGRAG CRYPTO, a prominent crypto analyst on Twitter, has unveiled two potential trajectories for XRP. The “Blue Route” suggests an imminent surge, with XRP potentially exceeding $1.20 in the weeks ahead.
Highlighting January 2024 as a pivotal period, the analyst envisions a subsequent correction preceding an ambitious climb to an unprecedented $5.50 by late 2024.
#XRP Blue or Green Route ( Jan Or July 2024):
The positive indicators on various charts that was shared previously, makes me favor the Blue Route. January 2024 might just be the moment when things really start moving!
But I’m also in the camp that the Green Route and its target… pic.twitter.com/MKN5LNI9QG
— EGRAG CRYPTO (@egragcrypto) December 13, 2023
Contrastingly, the “Green Route” presents a more cautious short-term outlook, forecasting a dip to approximately $0.50 by Christmas.
However, this dip could set the stage for a remarkable resurgence, catapulting XRP to an impressive $22.50 by July 2024. EGRAG CRYPTO expresses a preference for the Blue Route but acknowledges the appeal of the Green Route’s potential.
According to JD a crypto analyst on twitter, a potential bounce off during the weekly close might trigger substantial gains for XRP. However, caution is advised, as a break below the trendline could signify a false breakout.
XRP Gains Momentum with Key Listings
Blockchain.com recently reinstated XRP on its platform, a noteworthy development following the actions of other industry giants like Coinbase, Kraken, and Crypto.com. These exchanges resumed XRP trading earlier in the year following Ripple’s partial legal victories against the U.S. Securities and Exchange Commission.
While XRP, has witnessed a recent dip in its price, sliding from nearly $0.70 to its current standing at around $0.60, as per data from CoinGecko. Despite this downturn, there is a sense of optimism among analysts who foresee the potential for XRP to hit a new yearly high before the curtains close on 2023.
With potential for significant movements in the remaining weeks of 2023, the fate of Ripple’s native token hangs in the balance, drawing attention from investors and market analysts alike.