Ripple’s XRP coin has been grabbing headlines lately. After a bearish 2022, XRP saw a remarkable surge in the past month, partly attributed to a positive development in its ongoing lawsuit with the SEC. Yet, the big question is: Can XRP reach the $1 mark? Many experts seem skeptical about that happening anytime soon.

Interestingly, the experts are pointing to three new contenders – Bitcoin Minetrix ($BTCMTX), Meme Kombat ($MK), and TG Casino ($TGC) – as the ones likely to hit $1 before XRP. Their high staking rewards and practical use cases are fueling this speculation. Before we look at these new players, let’s see what the experts say about XRP’s prospects.

XRP Faces Uphill Battle to Reach $1 in 2023 – Experts Shift Focus to Other Coins

The XRP token hitting $1 in 2023 seems like a tough feat, given the current state of the crypto market and prevailing price trends. Matthew Dixon, the CEO of Evai, and other analysts are painting a rather bleak picture for XRP. They believe XRP may be heading toward further price drops, especially after it struggled to breach the $0.55 resistance level. Based on technical analysis, Dixon predicts a potential drop to $0.35 for XRP, driven by a 5-wave bearish pattern

This rather pessimistic outlook is echoed by crypto analyst EGRAG, who had previously predicted a brighter scenario for XRP. However, the prevailing market sentiment is not favoring XRP’s upward momentum, especially with Bitcoin’s recent dip below $27k. As history has shown, altcoins like XRP tend to move in tandem with Bitcoin’s price fluctuations

Furthermore, the ongoing legal battle between Ripple and the SEC has raised questions about XRP, affecting its adoption and investor confidence. To draw in institutional players, the crypto sphere requires regulatory clarity, but a conclusive resolution to the case might not come in 2023. XRP’s trading volumes and social influence also trail behind its competitors.

Considering these multiple bearish factors, it’s a tough road for XRP to breach the psychological barrier of $1 anytime soon. However, experts are pointing towards three alternative cryptocurrencies that seem more likely to reach the $1 milestone before XRP. So, let’s dive into these intriguing coins now. #XRP #crypto2023 $XRP