Industry analyst Myles G offers a bold prediction for the XRP price, forecasting a potential 464% surge to $3 within a few months.
Following a significant drop due to the SEC’s appeal bid, XRP has stabilized around $0.5322, showing a modest 0.82% daily gain. However, the digital asset has suffered a substantial 17.6% loss over the week at this price level.
Despite the setback from recent legal developments, analyst Myles G sets out a roadmap for XRP to reclaim key price levels of $1, $2, and eventually $3.
Predicted Timeline for XRP to Reach $1, $2, and $3
In his analysis posted on X, Myles indicates that XRP could potentially reach $1 as early as October, with a deadline set for November. The last time XRP traded at $1 was in Q4 of 2021, nearly three years ago. A close attempt was made in July 2023 when XRP surged to $0.93 post the lawsuit verdict.
To hit $1, XRP needs an 88% increase from its current market price. Myles is confident that the bullish momentum will continue beyond $1, projecting a rise to $2 by Christmas, December 25.
XRP last touched $2 in January 2018, with a recent near-miss in April 2021 at $1.96. However, Myles anticipates stronger momentum this time, suggesting a push towards $3 by Q1 of 2025.
With a calculated 50% growth from $2 to $3 by March next year, XRP is expected to rally by 464% from its current value of $0.5322 to reach $3.
Is $3 XRP’s Peak for This Cycle?
Responding to concerns about the ambitious timeline, Myles reaffirms his high confidence in the $3 projection, emphasizing the urgency for investors to consider accumulating XRP now before the price surge.
In a follow-up statement, Myles even suggests a possibility for XRP to hit $3 by Christmas, highlighting his optimistic outlook on an impending bull run.
While some community members view Myles’ forecast as conservative, questioning why $3 is the target after years of decline, Myles clarifies that his profit-taking strategy initiates at $3, potentially reaching $7. This indicates that $3 is not his peak prediction for XRP in this cycle, but rather a strategic point for capitalizing on his investments.
