Analyst Reveals Key Timelines for XRP to Hit $8.1 and $11 Using Bitcoin Halving

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.

Initial XRP Uptrend and Subsequent Correction

According to Kenobi, XRP rallied massively around 224 days post-halving in the past two cycles. Nonetheless, in the current cycle, XRP initiated its rally after 204 days, about 20 days earlier. The rally culminated in XRP’s run to $2.9 on Dec. 3.

Kenobi noted that a near-term correction is the next phase to follow after the initial parabolic rise. Interestingly, this correction phase began from Dec. 3 and has persisted until now, pushing XRP to the lower ends of the $2 region.

However, the analyst cited past price behaviors to predict that XRP could retrace to $1.39 during this pullback. This phase could shake out weak hands while setting the stage for the next upward movement. The $1.39 support zone could serve as the launch pad for further growth.  

Second Rally Targets $8.1  

Following the ongoing pullback, Kenobi suggests XRP could begin a fresh rally, surpassing $8.1 by late February 2025. He cites similarities with the 2017 bull market rather than the most recent cycle. This indicates XRP’s tendency to follow older patterns amid certain conditions.

This second rally will coincide with XRP interacting with a six-year white trendline. Kenobi highlights this trendline as a critical resistance point, where price movements could align with historical patterns, sending the asset to new heights.  

Should XRP achieve the $8.1 target, its market cap would soar to $461.7 billion, a new valuation peak. For context, Kenobi stressed that Ethereum reached a $548 billion market cap during its previous peak, suggesting that such valuations for XRP are feasible.  

Final XRP Pump  

Kenobi predicts an extensive consolidation phase following the $8.1 peak. This phase, essential for stabilizing the market, could last several months. 

However, the analyst suggests that around 200 days after the consolidation begins, XRP might experience its final leg up, potentially reaching $11 by mid-October 2025. The analysis suggests the $11 price could be XRP’s top for the current cycle.

At this price point, XRP’s market cap would approach $627 billion. However, the analyst admitted that achieving this level would depend on several market-wide conditions. At press time, XRP trades for $2.39, up 6.61% this morning as it looks to recoup some of the recent losses.