come and see it happen

A new round of bold predictions has emerged in the XRP community after cryptocurrency analyst Nick Anderson compared the token's trajectory to Amazon's historic rise over a decade ago. According to Anderson, the current phase of XRP resembles Amazon's long period of consolidation before its big rally.

Anderson recalled how Amazon's stock remained stable for about 3,800 days after the dot-com bubble burst, from 2000 to 2010. During this time, the stock slowly formed a base, eventually creating what analysts call a 'cup and handle' pattern. When the breakout occurred, Amazon went from about $5 to $200, marking a gain of 3,900% over 15 years. He argued that XRP could be in the same situation today. The cryptocurrency has been trading around $2.75 recently, which he described as not too far from the $5 level, where Amazon's explosive run began. Based on his chart analysis, Anderson stated that XRP could eventually rise to something between $100 and $200, although such a move could take years to materialize.