XRP, the digital currency that’s often hovered in the shadows of its more illustrious counterparts, is now the subject of a bold forecast. Nick Anderson, known in the crypto world as BULLRUNNERS, has drawn an intriguing parallel between XRP’s current performance and Amazon’s historical stock trajectory. According to Anderson, XRP is consolidating in a manner reminiscent of Amazon back in 2010, setting the stage for a potential meteoric rise to $200. But there’s a caveat—patience is key.
Amazon’s Historical Blueprint
Anderson’s analysis hinges on a fascinating piece of history from Amazon’s journey. After the dot-com bubble burst, Amazon’s stock spent a staggering 3,800 days consolidating before breaking past its previous highs and embarking on an impressive rally. Fast forward to 2010, Amazon stock once again consolidated after surpassing a previous high, a move that preceded its monumental growth.
Anderson suggests that XRP is currently tracing a similar pattern, forming a “cup and handle” structure. The cryptocurrency, priced at $2.81 as of today, is using past highs as a support level, mirroring Amazon’s strategy of clearing resistance before taking off. The implication? If XRP follows through, it could potentially soar beyond $100, and maybe even hit the ambitious $200 mark in the long run. For further insights into XRP’s price dynamics, see XRP Price Holds Near $2.75 as Analyst Maps Path Between $2.40 Risk and $3.70 Upside.
The Road to $200: A Marathon, Not a Sprint
While Anderson’s long-term vision for XRP is audacious, he tempers expectations for the immediate future. He posits that the current cycle could see XRP climbing to somewhere between $5 and $30. “A push to $100 in the near term would be absolutely insane,” he remarks, acknowledging the unpredictability of the market. After a potential peak, Anderson anticipates a correction phase before the rally resumes, possibly towards the decade’s close.
For patient investors, particularly the younger cohort, Anderson advises accumulating XRP now. Drawing a parallel to Amazon’s $5 launch price before its rally, he sees today’s conditions as a prime opportunity. If XRP were to hit $100, holding 10,000 XRP could translate into a $1 million windfall.
An Explosive Twist?
Anderson leaves room for an even more dramatic scenario—what he dubs a “giga rally.” This hinges on the speed of liquidity inflows, potentially accelerated by the adoption of ISO 20022 by the US Federal Reserve. Such a development could supercharge XRP’s trajectory, though it remains a speculative possibility. This potential aligns with broader market trends, as discussed in TRUMP, XRP, and SOL Options Signal a Potential Year-End Altcoin Season: PowerTrade.
As XRP trades at $2.81, the cryptocurrency world is watching closely. While Anderson’s forecast is enticing, it raises questions about whether such growth is sustainable and what market dynamics could influence XRP’s path. As with any investment, the road ahead is fraught with uncertainty and ripe with potential.
In the end, Anderson’s comparison to Amazon is more than just a historical footnote—it’s a reminder of the transformative power of persistence and the potential rewards that await those willing to play the long game. Whether XRP will indeed mirror Amazon’s past success remains to be seen, but for now, it captures the imagination and fuels the debate in the ever-evolving world of cryptocurrency.
Source
This article is based on: Analyst Forecasts XRP To Stage Amazon-Like Rally To $200
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
