Analyst Predicts XRP Could Reach $200 Following Amazon’s Historical Pattern

XRP's future may resemble Amazon's past, according to analyst Nick Anderson. He compares XRP's current consolidation phase to Amazon's in 2010, suggesting potential for a rally to $200, though patience will be essential.

Amazon Comparison for XRP

XRP has traded between $2.8 and $2.9 over the past week, holding above $2.8.
Anderson likens this to Amazon's retest of previous highs after the dot-com crash, where it consolidated for nearly 3,800 days before a breakout.
XRP's structure resembles a cup and handle pattern similar to Amazon's, indicating possible future resistance clearance.
Anderson predicts XRP could eventually exceed $100, potentially reaching $200.

Short-Term Price Expectations

Anderson estimates the potential long-term price for XRP could take years to materialize.
Current price around $2.80 is favorable for accumulation compared to Amazon’s launch at $5.
Holding 10,000 XRP could yield $1 million if it reaches $100 in value.
Realistic short-term targets range from $5 to $30, with expectations for a correction before a later rally.
A "giga rally" could occur if market liquidity increases rapidly, influenced by the anticipated adoption of ISO 20022.

XRP is currently trading at $2.81.