In late 2018, Tesla’s stock experienced a sharp correction of nearly 50% following CEO Elon Musk’s appearance on national television. What followed, however, would become one of the most notable recoveries in the history of the stock market.
Over roughly two years, Tesla’s value surged by approximately 3,500%, rising from $12 to $420. This explosive recovery came after a consolidation period and major volatility, leaving behind a clear technical pattern.
EGRAG CRYPTO, a widely followed analyst on X, highlighted this Tesla rally in a December 2024 post and compared it to XRP’s performance. At the time, the digital asset had not yet hit $3.39, which happened in January.
EGRAG CRYPTO noted that XRP had already mirrored Tesla’s early trajectory, including a 50% decline. The analyst observed that the asset’s chart resembled Tesla’s, scaled down by a factor of ten, suggesting that the digital asset might be following a similar trajectory with a delayed cycle and comparable structural movement.
The Thesis on XRP and TSLA
In his December analysis, EGRAG CRYPTO detailed how Tesla’s breakout began after a long consolidation. Once the stock found its bottom and regained momentum, it launched into a sustained uptrend. He noted that Tesla stock rose 3,500% over 700 days, after months of stagnation and doubt.
He then directed attention to XRP, arguing that it had already experienced a comparable 50% decline and recovery structure. With XRP trading around $0.62 at the time, EGRAG charted a historical similarity that suggested the possibility of a large move ahead. The post noted that XRP’s price action seemed algorithmically in sync with Tesla’s, scaled down by order of magnitude.
A Follow-Up After XRP’s Rise
Now, with XRP having reached $3.39 in January, EGRAG CRYPTO has followed up on his earlier projection with renewed emphasis. He reaffirmed that the most significant price moves for XRP may still lie ahead, referencing “massive multipliers” yet to be realized.
Although XRP has completed one major leg upward, he implied that further upside could resemble Tesla’s continued post-breakout expansion. Following the post in December, XRP mirrored Tesla by breaking out of its long-term range, and it could continue this trend by following EGRAG CRYPTO’s prediction.
According to the analyst, those expecting 10x, 20x, or even 30x gains from current levels should not lose confidence. The digital asset is currently trading at $2.16, and a 3,500% surge would send it to $77.76, a level another analyst has set as a mid-term target.
#XRP — Just a Reminder 🚀 | #TSLA
We already experienced a 50% drop, but many still doubt that #XRP will 10x, 20x, 30X or even more in the final leg of the cycle. 💥💎
Stay patient, massive multipliers are coming
Check The Below Post For Your Reference https://t.co/9w2bApsXvA
— EGRAG CRYPTO (@egragcrypto) June 6, 2025
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— TimesTabloid (@TimesTabloid1) July 15, 2023
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