XRP, the digital asset powering Ripple’s payment network, has seen analysts turn their attention to its long-term technical structure amidst a prolonged period of sideways price action and subdued market sentiment. Despite pulling back to near $1.10 after peaking at $3.65 one year ago, several market experts maintain that XRP could be preparing for its next significant move. Leading technical analyst ChartNerd describes XRP’s price action as mirroring Amazon’s multi-year accumulation phase before its landmark breakout.