IF statement that selects answer based on 2 different cell values

I am having trouble with an "IF" statement. I would a cell to say "CORRECT" or "INCORRECT" depending on where you place an "X". Once the cell displays either you will link to the second question. I used this statement [=IF(J23="X",HYPERLINK("#J35","CORRECT!"),HYPERLINK("#F1",""))] that works to have cell J35 display correct. This is the statement that is giving me errors [IF((J23="X",HYPERLINK("#J35","CORRECT!"))OR(O23="X",HYPERLINK("#J35","INCORRECT!"))),HYPERLINK("#F1",""))]. Any ideas??

Thanks! I received an error stating that there are too many arguments.