An analysis said XRP has entered a zone to retest a final support level ahead of a break above a long-term resistance line.

On May 12 local time, blockchain outlet The Crypto Basic reported that some market analysts see XRP’s current long-term chart as similar to Amazon’s price action just before its 2009 breakout.

The key is structure, not price levels. Chart Nerd said XRP has held a rising support line for years but has repeatedly failed to break above a major resistance line. The structure formed after a peak near $3.50 in 2018. XRP has since made higher lows but has not been able to settle above a horizontal supply resistance line that has lasted for 8 years.

Amazon showed a similar pattern from 1998 to 2009. It made higher lows but failed to break above a resistance line near $4.70 that lasted for more than 10 years, then broke out in October 2009 and continued a steep rise.

Chart Nerd said the rising support line is central to the current setup. The support held during each long-term correction phase in XRP, and the lows have steadily risen relative to the highs across multiple market cycles, he said.

XRP is currently moving sideways near the resistance line while staying above the rising support line. Chart Nerd expected XRP could retest support once more before a larger breakout attempt in 2026. For the long-term structure to hold, the rising support line must not break, and that level is currently below $1.

The comparison also aligns with a previous outlook by analyst Austin. Austin said XRP could follow a trajectory similar to Amazon’s over the next 10 years. He pointed to similarities between XRP’s price action from 2018 to 2026 and Amazon’s pattern from 1998 to 2009.

Amazon started trading at $4.67 in October 2009 and then moved above a long-term resistance line near $4.70. It rose as high as $6.28 during the session and closed at $5.94, then continued a parabolic rise over months and years. The stock currently trades around $269, up 5,660 percent from the October 2009 open of $4.67. Its market capitalisation is $2.893 trillion, ranking seventh by total assets.

Analysts did not say XRP would follow Amazon’s price action exactly. They said the key is structural similarities seen in the long-term charts of the two assets. They focused on cases where a similar pattern appeared ahead of a sharp revaluation.

Figures applied to XRP were presented in that context. Applying the same 5,660 percent gain as Amazon to XRP from the 8-year resistance line of $3.50 yields $202, the calculation showed. Applying the same gain to the current price of $1.45 yields $84. This was presented as a calculated assumption based on structural comparison.

What market participants are watching now is whether support holds, rather than a 2026 rally outlook. An assessment said XRP’s long-term bullish structure remains valid as long as the rising support line holds. In the short term, key points will be whether a final support retest appears and whether another attempt follows to break back above the 8-year resistance line.

$XRP vs $AMZN The same multi-year XRP higher low trendline was respected by AMZN before its violent repricing. One final $XRP retest would complete a similar switch in 2026 to mimic the same technical structure. You know the support price tag (Solely technical perspective). https://t.co/5JOSLoba3L pic.twitter.com/Yo9CWcNCPe