XRP is making headlines once again, riding the wave of bullish momentum in the crypto market. As the broader market cools off after last week’s rallies, XRP began its own surge late Friday. This bullish push saw the token’s price leap from $0.5889 to a weekend high of $0.6622, marking a 12.44% increase. It was the first time the token touched the $0.66 price point since March, hitting a six-month high.
Although XRP has experienced a slight pullback due to overall market corrections, it has managed to hold onto much of its gains. At press time, the token is trading at $0.6518, only slightly below its weekend peak. Many in the crypto community believe that the token’s rally is just beginning.
“Big Things” Ahead for XRP
Renowned trader Anup Dhungana sparked excitement over the weekend by predicting “big things” for XRP. Sharing his thoughts on X (formerly Twitter), Dhungana highlighted his belief that the token is poised for a major price move. His chart analysis suggests that the token could reach the $3 mark in the midterm—a level not seen in nearly seven years.
Myles G Investments, another popular crypto analyst, echoed these sentiments. He projects XRP will hit $3 by Christmas, a forecast that would require a staggering 360% surge from its current price of $0.6518. Myles doesn’t believe $3 will be the peak, but rather a baseline for further gains. His outlook is that the token will continue its ascent well into 2025.
Myles also shared a personal story that adds weight to his conviction. Earlier this year, he revealed that his father, a seasoned investor with over 50 years of experience, sold his house for $800,000 to invest in XRP. Describing the decision as a bold gamble, Myles called it a potential “home run” in his father’s storied investment career.
XRP’s recent performance has reignited enthusiasm, and if these analysts’ predictions hold true, the token could soon reach new heights.
