XRP Could Reach $100 to $200 According to Analyst Predictions

Analyst Nick Anderson has drawn parallels between the trajectory of XRP and Amazon's historic breakout. Key points include:

Anderson suggests XRP is in a consolidation phase similar to Amazon's pre-2010 period, which lasted about 3,800 days.
Amazon shares rose from around $5 to $200, marking a 3,900% gain after a long accumulation phase.
XRP recently traded around $2.75, close to the $5 level where Amazon's explosive growth began.
He predicts XRP could reach between $100 and $200 over several years.
A holding of 10,000 XRP tokens could amount to $1 million at the $100 mark.
Before reaching higher targets, XRP might experience a price run to $5-$30 followed by a correction.
The community has previously set high expectations for XRP, with some observers anticipating a rapid increase once market liquidity improves.
XRP currently trades at $2.84, showing a modest daily gain and maintaining its position as the third-largest cryptocurrency by market cap.