XRP Eyeing $100? Analysts See Echoes of Amazon's Ascent
XRP's recent price performance has ignited fervent discussions within the crypto community, with some analysts drawing striking parallels to Amazon's historic slow climb before its massive breakout. This intriguing comparison suggests that the digital asset, currently navigating its own market dynamics, could be poised for a significant long-term rally, potentially reaching the ambitious $100 mark.
The Amazon Analogy: A Blueprint for Growth
The core of this optimistic outlook rests on a "long consolidation, then a steep rally" pattern observed in both XRP's current trajectory and Amazon's past. Amazon's stock famously took over a decade (approximately 3,800 days) to clear its previous all-time highs before soaring from around $5 to over $200. Bullish XRP proponents, like analyst Brad Kimes, highlight this timeline as a potential benchmark for XRP's future. Kimes also pointed to Amazon's history of regulatory challenges, noting that even major companies face intense government scrutiny yet can still achieve substantial growth – a sentiment particularly relevant given Ripple's own legal battles. While an SEC inquiry into Amazon in 2022 closed without penalties, a separate FTC lawsuit in June 2023 over checkout practices resulted in a $2.5 billion settlement. This history reinforces the idea that regulatory hurdles, though impactful, do not necessarily impede long-term corporate or asset expansion.
Technical Signals and Future Targets
Further reinforcing the bullish sentiment, Nick Anderson of Bullrunners notes that XRP is forming a "cup and handle" pattern, typically a precursor to upward price movements. He posits that if XRP mirrors Amazon's multi-year growth path, a $100 valuation is achievable, potentially turning 10,000 XRP holders into millionaires, though he cautions this would unfold over years, not months. Technical analysis from Cryptoinsightuk lends additional weight to these predictions, identifying a three-day Relative Strength Index (RSI) bullish crossover for XRP. Historically, this signal has consistently preceded significant price rallies for the asset. With XRP currently trading near $3.02 and maintaining support around $2.72, key resistance levels are identified at $3.40 and $3.65. A decisive close above these marks could trigger broader buying interest. Short-term price targets in the current cycle are projected between $5 and $30, with further gains anticipated as adoption and liquidity continue to expand.
