Financial analyst Myles G has made a striking prediction, estimating that XRP could rise by 469%, reaching a price of $3 within a matter of months. Following a significant drop due to the SEC’s appeal against Ripple, the price of the token currently hovers around $0.5268, reflecting a slight drop of 2.07%.
Despite the legal challenges, Myles G remains optimistic and has outlined a timeline for XRP’s path to reaching key psychological price milestones: $1, $2, and $3.
Timeline for XRP to Reach Key Price Levels
In a recent post on social media platform X, Myles shared his expectations for XRP’s future performance. He believes the digital asset could climb to $1 by the end of October or November at the latest.
XRP last reached $1 in late 2021, and while it approached this level again in July 2023, it fell short, peaking at $0.93. To hit the $1 mark now, the token would need to increase by 89% from its current price.
Myles expressed confidence that once XRP surpasses $1, the trend would continue upward. He predicts that by December 25, 2024, the token will have doubled in value to $2.
This would mark a significant milestone for the cryptocurrency, which hasn’t traded at $2 since January 2018. In April 2021, the digital asset came close to this figure again, but the price stalled at $1.96.
Looking further ahead, Myles suggests that XRP will maintain its momentum and could reach $3 by the end of the first quarter of 2025. According to his projections, the token would need to rise an additional 50% after hitting $2 to achieve this target by March next year.
Analyst’s Confidence in XRP’s Growth
Myles’ forecast, particularly regarding XRP hitting $3 by March 2025, has attracted significant attention, given that it would require a substantial rally in six months. When asked about his confidence in this timeline by a community member, George Woodward, Myles responded that he was “very” confident in his prediction.
He also urged holders of the token to consider increasing their positions, noting that this might be the last opportunity to buy the token at its current low price. His assertion highlights his belief in an impending bull run for the cryptocurrency.
In a subsequent post, Myles suggested that XRP could reach $3 even earlier, by December 2024. This statement further emphasizes his optimistic outlook for XRP’s price trajectory over the coming months.
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Potential for XRP Beyond $3
While Myles projects $3 as a significant price point for XRP, he does not view it as the peak of this market cycle. His previous analysis revealed that his profit-taking strategy starts at $3 but extends to as high as $7.
This suggests that he sees considerable room for growth beyond the $3 level, indicating that XRP may continue to rise if the market conditions are favorable.
However, some community members view Myles’ prediction as conservative, pointing out that XRP has been in a downtrend for several years. One commenter questioned why $3 would be a target after such a prolonged period of underperformance. Despite these differing views, Myles has maintained his stance that $3 is an achievable goal for XRP in the near term.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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