The cryptocurrency market is no stranger to bold predictions, but few draw as much attention as those comparing XRP to Tesla’s stock performance. While the idea of XRP soaring by 10x or even 30x sounds ambitious, crypto analyst EGRAG Crypto insists that such a rally is far from unrealistic. His thesis? XRP is following the same early price pattern as Tesla did in 2018—and history might just be on XRP’s side.

The Tesla-XRP Comparison: More Than Coincidence?

Back in 2018, Tesla (TSLA) experienced a sharp correction after CEO Elon Musk appeared on the show 60 Minutes. The interview stirred controversy, and shortly afterward, Tesla’s stock fell from $25.16 to as low as $11. However, what followed that pullback changed everything: Tesla shares surged over 3,400% in the following years.

Fast forward to December 2024, and XRP appeared to be on a similar trajectory. Ripple CEO Brad Garlinghouse also participated in a 60 Minutes interview, though the airing of the episode didn’t sit well with the XRP community. Viewers pointed out that the interview omitted important updates regarding XRP’s legal status, giving the impression that the token was still under regulatory uncertainty—even though a U.S. judge had declared in July 2023 that XRP was not a security in its typical usage.

Following the episode’s airing on December 8, 2024, XRP began to slide, dropping from $2.61 to $1.96 by the next day. According to EGRAG, this mirrored Tesla’s 2018 post-interview price drop. By April 7, 2025, XRP had fallen further to a local bottom of $1.61, completing what EGRAG views as the “collapse phase”—similar to Tesla’s performance six years ago.

Why Analysts Still Believe in a Massive XRP Rally

Despite this downturn, XRP analysts like EGRAG remain confident that the current phase is merely part of a longer-term growth cycle. In his recent analysis, he emphasized that Tesla required roughly six months to hit bottom and another six months to recover and break into a strong uptrend. If XRP follows this same timeline, the second half of 2025 could bring dramatic price moves.

So, what could this look like in numbers?

• 10x rally from $1.61 floor: $16.10 — a new all-time high

• 20x rally: $32.20 — a target already backed by analyst CrediBULL

• 30x rally: $48.30 — a move that would shake the entire crypto market

These projections, while ambitious, are supported by historical price structures and previous breakout cycles in both traditional and digital markets. EGRAG argues that disbelief is part of every major breakout. Before Tesla exploded in value, many investors gave up. He suggests XRP may now be in the same phase.

XRP’s Current Position: Calm Before the Climb?

At present, XRP trades at approximately $2.18. The asset recently retested the $2 mark and has mostly traded sideways since March 2025. This phase of consolidation may seem uneventful to casual observers, but technical analysts often view it as a period of accumulation before a major price move.

In a previous breakdown, EGRAG indicated that reclaiming the $2.65 level could serve as a critical confirmation that XRP is ready for the next leg upward. Until then, the market appears to be in a “wait and see” mode.

Meanwhile, some traders remain skeptical. The idea of XRP multiplying tenfold or more feels far-fetched in a market that has become increasingly sensitive to macroeconomic pressures and regulatory developments. However, for long-term holders and technically minded traders, history may offer a reason for optimism.

What’s Fueling This XRP Momentum?

Aside from technical chart similarities with Tesla, there are several macro factors at play:

• Regulatory Clarity: The July 2023 decision declaring XRP not a security has removed one of the biggest legal hurdles facing Ripple and its ecosystem.

• Institutional Interest: Ripple has continued to grow partnerships in the cross-border payment sector, especially in regions like Asia-Pacific and the Middle East.

• Market Cycles: Crypto bull markets often follow multi-year cycles, and XRP’s subdued performance over the last few years might mean it’s overdue for a breakout.

Despite this, XRP still faces hurdles. Broader market sentiment remains mixed, and altcoins in general have not yet entered full bull territory. Moreover, regulatory uncertainty in other jurisdictions can still affect how XRP is perceived globally.

Final Thoughts: Patience Could Be Key

EGRAG’s message is clear: patience will be rewarded. By his calculations, XRP has already completed its “fall phase” just like Tesla did in 2019. The path from here could be upward, possibly dramatically so. Yet for investors to benefit, they need to resist the urge to give up prematurely.

As XRP consolidates just above the $2 level, the market waits for a sign—whether it’s a breakout past $2.65 or renewed institutional attention. Either way, XRP’s price action in the coming months could validate or dismiss the Tesla comparison once and for all.

For now, the idea of XRP reaching $16, $32, or even $48 may sound ambitious. But in a market known for unexpected comebacks, writing off a potential 10x or 30x move might just be premature.