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▲ XRP/AI Generated Image
An analysis suggests that XRP could enter a phase of massive revaluation, similar to Amazon stock in the past, after reconfirming its final support line in a long-term upward structure. However, this forecast does not mean that XRP will exactly repeat Amazon's price movement, but rather focuses on the structural similarity in long-term charts.
On May 12 (local time), cryptocurrency media outlet TheCryptoBasic reported, citing an analysis by market analyst Chart Nerd, that XRP has not yet consistently broken through the long-term resistance line formed near its 2018 high of around $3.50, but has maintained its upward support line by raising its lows over several market cycles. This structure is described as similar to Amazon (AMZN)'s trend from 1998 to 2009, where it failed to break a long-term resistance line for over 10 years but consistently raised its lows.
Chart Nerd analyzed that XRP is likely to reconfirm its upward support line one last time before attempting a larger breakout in 2026. TheCryptoBasic stated that in XRP's higher-dimensional time frame structure, the upward trend line has been maintained during every major correction, and this trend has been presented as a key basis for a long-term bullish structure. Currently, this upward support line is mentioned to be located just below $1.
A comparison with the Amazon case was also presented. Amazon started trading at $4.67 in October 2009, then broke through the resistance line near $4.70 that had lasted for 10.5 years, subsequently rising to $6.28 before closing at $5.94. TheCryptoBasic explained that Amazon then continued a long-term parabolic upward trend, reaching $269, a 5,660% increase over 17 years compared to its opening price in October 2009.
According to the analysis, if XRP achieves the same 5,660% increase from its 8-year resistance line near $3.50, its price could reach $202. The article added that applying the same growth rate from a lower baseline price would yield $84. However, TheCryptoBasic explained that this comparison is not a claim that XRP's price movement will exactly follow Amazon's, but rather an analysis that emphasizes the structural similarity where long-term resistance and upward support lines are formed simultaneously.
The assessment is that XRP's long-term bullish structure remains valid as long as the upward support line is maintained. Market analysts view the breakthrough of the long-term resistance line and the reconfirmation of the final support line as key variables to gauge XRP's revaluation potential in 2026.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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