A well-known technical analyst, ChartNerd, has made a case for why the price of XRP could reach the ambitious $27 level, citing Amazon’s massive surge.
In a tweet, he identified similarities between Amazon’s decade-long consolidation from 1999 to 2009 and XRP’s price movement from 2017 to 2025. The analyst suggested that XRP may be entering the same “pre-breakout” stage that led to Amazon’s massive surge beyond $20.
According to ChartNerd, Amazon reached an all-time high (ATH) in 1999, then spent nearly ten years consolidating before exploding upwards into a long-term rally. He pointed out that XRP hit its ATH in 2018 and has spent the past eight years consolidating below it.
With this close setup, he believes XRP price is setting the stage for what could be a similar move once resistance at $3 is ultimately conquered.
Why the $27 Target May Not Be Far-Fetched
The shared chart comparison highlights Amazon’s prolonged base formation before its exponential rise. It shows Amazon’s price remained trapped under resistance until its breakout.
Meanwhile, XRP’s current structure mirrors that same accumulation zone, with the token continuously challenging its long-standing resistance around $3.
ChartNerd implies that if XRP follows Amazon’s historical trajectory, the breakout could trigger a parabolic rise, validating his $27 price target.
While some view the $27 target as overly optimistic, ChartNerd argues that market history often repeats itself, making it a logical expectation. Just as Amazon’s decade of patience rewarded long-term holders, XRP’s multi-year consolidation could serve as the launchpad for its next cycle.
For context, a surge from the present $2.80 to $27 implies an almost 10X outlook for XRP.
Other Calls for $27 XRP Price
Notably, other market watchers like analyst EGRAG have also called for the $27 price target. In his case, he cited strong similarities between current market trends and XRP’s 2017 breakout.
In one of his most recent updates, he used a long-term linear regression channel and Fibonacci extensions to reiterate a $27 target by the end of this year.
Triple-Digit XRP Outlook Based on Amazon Pattern
Interestingly, while ChartNerd and EGRAG call for $27, another analyst drawing similarities between XRP and Amazon is calling for an even more ambitious price level in the triple digits.
Nick Anderson of Bullrunners suggests that, like Amazon’s decade-long consolidation before its breakout, XRP could eventually climb to $100 or more.
Anderson points out that Amazon took nearly 3,800 days to break past its old highs, leading to a massive rally from around $5 to over $200. He believes XRP is currently in a similar “cup and handle” formation near its previous peak and could follow a comparable path.
Speaking on Anderson’s analysis, Brad Kimes of Digital Perspectives also highlighted the regulatory challenges both faced: Amazon with FTC scrutiny and XRP with the SEC.
Notably, according to Anderson’s estimate, at $100, holding just 10,000 XRP could turn investors into millionaires. Meanwhile, many analysts do not see XRP reaching this ambitious level anytime soon.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
