Technical analysis of XRP’s current price action has revealed an interesting structural comparison to Amazon that this could lead to an upward cycle stretch for the cryptocurrency.
The comparison focuses on the structure and symmetry between XRP’s current price action and how Amazon’s stock price played out after breaking through a resistance. The consequences for the price would be dramatic if XRP were to follow what Amazon did after breaking a similar long-term resistance.
The 8-year resistance neckline holding XRP back
Technical analysis of the XRP chart shows a well-defined horizontal resistance band dating back approximately eight years. This 8-year resistance band is over XRP’s all-time high since 2018. This analysis was posted on the social media platform X by crypto analyst ChartNerd.
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The most recent touch of the resistance band was in July 2025, when XRP reached a new peak price of $3.65. However, since then, the price action has been corrective in nature and XRP has been on a downward path for the past seven months. Interestingly, this downward path has led to the formation of a higher low compared to the lows of the past eight years. This is visible in the weekly XRP price chart below as a series of higher lows, supported by an ascending green trendline.
The next outlook is how the XRP price resolves from here. As it stands now, the decline has yet to reach a defined bottom, and there is still plenty of room for the decline formation of another higher low versus previous cycle lows. In this context, crypto analyst ChartNerd outlined a possible solution path, pointing to a similar technical setup that developed on Amazon’s stock chart for 10.5 years before the eventual breakout.
Amazon’s structural equation
Amazon have been trading below for years a large horizontal resistance zone that has limited its upside for more than a decade. During that period, price repeatedly formed higher lows along an ascending supportive trendline, pushing against the ceiling without immediately breaking it.
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There was also a notable drop from the previous peak, followed by a lower high, giving the impression that momentum had ebbed. However, once Amazon broke above its long-term resistance, the result was a sustained parabolic advance, pushing the price significantly higher over time.
These all reflect how the XRP price is currently playing out. ChartNerd describes the structural similarities as strikingly creepy. From a purely technical perspective, both charts show compression below a horizontal ceiling, 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 past 24 hours. The neckline area is around $3.60, which is about 170% higher than the current price. If XRP were to follow Amazon’s blueprint, the first phase would mean reversing this resistance trendline in support with continued monthly closes above.
Featured image from Free3D, chart from Tradingview.com