Analyst Miles G predicts an audacious timeline for XRP price to rise 464% to $3, which he predicts will take just a few months.
After a significant dump following the SEC’s appeal bid, XRP stabilized around $0.5322, posting a modest daily gain of 0.82%. On the other hand, XRP is suffering a huge weekly loss of 17.6% at this price range.
Although the latest legislation has weakened the momentum of the XRP bull market, analyst Miles G. thinks it’s time for XRP to reach the psychological price range of $1, $2, $3 again. The line was boldly drawn.
Timeline for XRP to reach $1, $2, $3
In a disclosure shared with X, Miles noted that XRP could regain $1 as early as this month or October, or as late as November. The last time XRP traded for $1 was exactly three years ago in the fourth quarter of 2021. It attempted to approach $1 in July 2023, but rebounded to $0.93 following a lawsuit victory.
For XRP to reach $1, it would need to grow 88% from its current market price. Miles is confident that the expected XRP bull run will not lose $1 momentum by November. He expects the price of XRP to double to $2 by Christmas, December 25th.
Notably, the last time XRP reached a value of $2 was in January 2018. The asset tried to break through this threshold again in April 2021, but lost momentum after reaching $1.96.
However, Miles believes that XRP is poised to gain even more momentum this time around. The analyst predicts that XRP could regain $2 by the end of the year and then aim for the $3 level by the first quarter of 2025.
Specifically, he claims that XRP will see another massive 50% growth and regain $2 to $3 by next March. On the other hand, it would take a 464% rise for XRP to reach $3 from its current market price of $0.5322.
Will XRP peak at $3 this cycle?
Given the bold nature of this prediction, especially with only six months left until March, when Miles predicts XRP will be worth $3, community member George Woodward sought reassurance. , asked Mr. Miles to confirm his confidence in the prediction. He responded that he was “very” confident about it.
Therefore, he cautioned XRP supporters to add to their holdings now, emphasizing that this could be the last window to buy XRP at a low price.
Interestingly, in a subsequent post, Miles emphasized his optimism for the XRP bull run, claiming that XRP could even reach $3 by Christmas.
On the other hand, some other commenters expressed that Miles’ predictions regarding XRP are conservative. Some wondered why $3 is a target for XRP after a seven-year downward trend.
Notably, a previous analysis revealed that Mr. Miles’ profit-taking range starts at $3 and goes up to $7. This suggests that $3 is not his XRP peak outlook this cycle, but rather the point where he can start cashing out his XRP investments.
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