XRP Charts Mirror Tesla’s Breakout — Is a 3,500% Pump Coming Soon?

XRP is gaining renewed attention in the crypto market after a well-known analyst compared its recent price structure to Tesla’s breakout ahead of its historic rally. According to EGRAG CRYPTO, a respected figure on X, the digital asset may be replicating Tesla’s 2019 chart behavior, which led to a 3,500 percent surge over 700 days.

According to the analyst, Tesla’s strong recovery was seen after it sank by almost half in 2018. After that drop, the stock went through months of steady changes and swings before it began its rise from $12 to $420. XRP has exhibited the same drop and remained in a range, just like ETH.

Also Read: Worldcoin Price Prediction 2025–2029: Can WLD  Hit $1.23 Soon?

According to the analyst’s December 2024 post, XRP’s chart was almost the same as Tesla’s was during its early rise, except at a smaller scale. When the analysis was done, XRP was at $0.62 and had not met the $3.39 it would attain in January. This movement showed that EGRAG’s prediction was still accurate since it fits the expected algorithmic trend.

He observed that XRP’s behavior is comparable to Tesla’s in coming out of a period of hesitation in the market. Once the price got above specific resistance points, analysts thought bigger gains might be ahead. According to EGRAG, XRP is just getting started on its rise, and this might cause the coin to become more valuable.

EGRAG CRYPTO Signals Possibility of Extended XRP Rally

Following XRP’s rally to $3.39, the analyst reaffirmed his stance, noting that the price structure continues to align with Tesla’s breakout formation. He maintained that XRP’s post-breakout leg could still follow Tesla’s pattern, which saw relentless upward movement after the initial rise.

A price increase of 3,500 percent from the current $2.16 would raise the value of XRP to around $77.76. EGRAG advised that long-term holders looking for 10x or greater gains should remain confident in the projected trajectory. He pointed out that the data reflects that XRP matches Tesla’s previous market movements very well.

Another expert agreed, saying that XRP’s present structure suggests more gains if the trend persists. With more and more trades being made, those interested in the currency hope to see the same pattern continue.

XRP’s recent chart movements are drawing serious comparisons to Tesla’s legendary rally. As analysts detect significant similarities, the crypto asset might be geared for considerable growth.

Also Read: Eric Trump Shocks Crypto World as WLFI Buys Big Into TRUMP Meme Coin

The post XRP Charts Mirror Tesla’s Breakout — Is a 3,500% Pump Coming Soon? appeared first on 36Crypto.