Analyst Predicts XRP Could Follow Amazon’s Historical Growth Pattern

The recent analysis of XRP's price pattern is drawing comparisons to Amazon's historical growth trajectory, characterized by extended consolidation followed by a strong rally. Analysts suggest that XRP might follow a multi-year path similar to Amazon's rise from $5 to over $200.

Regulatory Pressures and Growth

XRP faced regulatory scrutiny akin to Amazon's past legal challenges, highlighting that significant firms can withstand government pressure and still grow.
The FTC sued Amazon in June 2023, resulting in a $2.5 billion settlement, reinforcing the notion that businesses can endure heavy scrutiny.

XRP’s Market Pattern

Nick Anderson notes XRP's potential "cup and handle" formation near previous peaks, trading around $2.71.
If following Amazon's trajectory, XRP could reach near $100, making significant gains for investors who hold large amounts.

Technical Indicators and Price Targets

XRP has experienced a three-day RSI bullish crossover, historically preceding strong rallies.
Trading near $3.02, XRP holds local support at $2.72.
Resistance levels are identified at $3.40 and $3.65; breaking these could lead to increased buying.
Short-term targets range from $5 to $30, with potential for higher gains if adoption and liquidity improve.