A prominent financial analyst, Myles G, has made a bold prediction for XRP, forecasting a potential surge of 469% to reach a price of $3 within the coming months.
Despite the recent decline in XRP’s price due to the SEC’s appeal against Ripple, Myles G remains optimistic about the cryptocurrency’s future. He has outlined a timeline for XRP to reach key price milestones, including $1, $2, and $3.
Timeline for XRP’s Price Increase
According to Myles G, XRP could climb to $1 by the end of October or November. This would represent a significant increase from its current price of $0.5268.
Once XRP surpasses $1, Myles G predicts that it will continue its upward momentum. He forecasts a doubling of the price to $2 by December 25, 2024.
Looking further ahead, Myles G suggests that XRP could reach $3 by the end of the first quarter of 2025. This would require a further 50% increase from the projected $2 price point.
Analyst’s Confidence in XRP
Myles G has expressed strong confidence in his prediction, urging XRP holders to consider increasing their positions. He believes that the current price level offers a unique opportunity to buy XRP at a potential discount before its anticipated surge.
Community Reactions
While Myles G’s prediction has generated significant attention, some community members have expressed skepticism. Given XRP’s prolonged downtrend, some question whether it can achieve such a substantial price increase in the near term.
However, Myles G remains optimistic, maintaining that $3 is a realistic target for XRP within the next few months. He believes that the cryptocurrency’s fundamentals and market dynamics support his bullish outlook.
The cryptocurrency market is highly volatile, and predictions can be subject to change. While Myles G’s forecast for XRP is ambitious, it is based on technical analysis and market trends. Investors should conduct their own research and consider the risks involved before making any investment decisions.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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