Based on reports, the regulatory history has nuances. Brad Kimes revived the comparison and pointed to regulatory pressure on Amazon as similar to what Ripple faced.
Amazon vs XRP.
Anderson argued that if XRP follows a similar multi-year path as Amazon, it could eventually trade near $100. He added that someone holding 10,000 XRP would become a millionaire at that level, and that 10,000 holders were among the top 4% on the XRP rich list during his analysis. He warned, however, that such an outcome would likely take years, not months.
Meanwhile, based on a technical note from Cryptoinsightuk, XRP has seen a three-day RSI bullish crossover — a signal that has preceded big gains in the past.
The analyst pointed out that in each of the three previous times the three-day RSI crossed up, XRP recorded strong rallies. XRP was trading near $3.02 and holding above local support around $2.72.
We got a great 3 Day candle close yesterday and bullish cross on the 3 day RSI.
Key resistance sits at $3.40 and $3.65; a clean close above those marks could prompt broader buying. Short-term upside targets mentioned range from $5 to $30 in the current cycle before a correction, followed by higher gains if adoption and liquidity pick up.
Featured image from Getty Images, chart from TradingView
