A market analyst has predicted what he believes will be the XRP price top for this cycle, leveraging past Bitcoin halving trends to project the timeline.
Notably, XRP has recently retraced after a remarkable surge that saw it hit a 7-year high of $2.9 on Dec. 3. The asset has experienced an 18.74% drop over the last three days, with the latest drop coming on the back of Bitcoin’s recent correction from the $100,000 level.
Amid this volatility, analyst Master Kenobi confirmed that XRP’s journey is far from over. He observed XRP’s past cycle behaviors in relation to Bitcoin’s halving events, suggesting the cycle top to reach $11. However, data indicates that the market expected the ongoing correction.
