Technical analysis of the current XRP price action presented an fascinating structural comparison with Amazon that could lead to positive cycle section for cryptocurrency.
The comparison focuses on the structure and symmetry between XRP’s current price action and how Amazon’s stock price was trending after breaking resistance. Price consequences it would be dramatic should XRP follow Amazon’s lead after breaking similar long-term resistance.
8-Year Resistance Neck Holding XRP
The technical analysis of the XRP chart shows a clearly defined horizontal resistance band dating back approximately eight years. This 8-year resistance band marks XRP’s all-time high since 2018. This analysis was published on social media platform X by cryptocurrency analyst ChartNerd.
The last time it touched the resistance band was in July 2025, when XRP reached a recent price high of $3.65. However, since then, price action has been corrective, and XRP has been on a downward path for the past seven months. Interestingly, this downward path has created a higher low compared to the lows of the last eight years. This is apparent on the weekly XRP price chart below as a series of higher lows supported by a rising green trendline.
The next perspective is how the price of XRP will develop from this point on. As it stands, the decline has not yet reached a specific bottom and there is still enough room for it to happen creating another higher low compared to the lows of the previous cycle. In this context, cryptocurrency analyst ChartNerd outlined a possible resolution path, pointing to a comparable technical setup that developed for 10.5 years on Amazon’s stock chart before its final breakout.
Structural comparison of the Amazon
Amazon he spent years trading below a major horizontal resistance zone that circumscribed growth for over a decade. During this period, the price repeatedly made higher lows along the rising support trend line, pushing into the ceiling without immediately breaking it.
There was also a noticeable weakening from the previous peak, followed by a lower peak, which created the impression that momentum had weakened. However, once Amazon broke above its long-term resistance, the result was a sustained parabolic rally that caused the price to rise significantly over time.
All of this reflects the current XRP price situation. ChartNerd describes the structure the similarities are strikingly uncanny. From a purely technical standpoint, both charts show compression below the horizontal ceiling, rising higher lows, and repeated rejection just before a breakout attempt.
At the time of writing, XRP is trading around $1.35 on the monthly chart, down 3.3% in the last 24 hours. The neckline area is about $3.60, which is about 170% more than the current price. If XRP were to follow Amazon’s plan, this would be the first step it would take a reversal of this Resistance trendline transitions into support with monthly closes sustained above.
Featured image from Free3D, chart from Tradingview.com
