XRP's price action is mirroring that of Amazon, prompting an analyst to predict a potential $27 price target.

XRP and Amazon Price Comparisons

Market analyst ChartNerd has drawn a comparison between XRP's price history and that of Amazon's from 1999 to 2009. He suggests XRP’s consolidation pattern from 2017 to 2025 mirrors Amazon's, indicating a potential for a significant upward breakout. The pattern shows both assets experienced extended periods of sideways movement before a substantial price increase. This comparison focuses on identifying similar long-term accumulation patterns.

Potential XRP Price Target

ChartNerd believes XRP could break above a key resistance area around $3, triggering a sustained breakout similar to Amazon’s in 2009. He projects a target price of $27, based on historical consolidation and the anticipated extension of the current market cycle. Other analysts, like EGRAG, have echoed this $27 forecast using alternative technical models.

More Aggressive XRP Projections

Beyond the $27 target, more ambitious forecasts suggest XRP could reach triple-digit prices. Nick Anderson notes that XRP's setup resembles Amazon’s full consolidation and breakout timeline, envisioning a potential price range extending into the $100s. The ongoing consolidation reflects strength, and the groundwork is in place for a future rally.