Analyst Compares XRP to Tesla Long “Boring” Phase Before Breakout, Suggests Major Repricing Could Follow
XRP may be going through a prolonged accumulation phase similar to the one Tesla experienced before its historic breakout, according to analyst EGRAG.
➤ Analyst EGRAG compares XRP's current market phase to Tesla's 'boring' accumulation period before its significant breakout, suggesting a potential major repricing for XRP. ➤ The comparison highlights that strong fundamentals may not immediately translate to price appreciation, with Tesla consolidating for seven years before its stock's exponential expansion. ➤ Despite price stagnation, XRP Ledger activity, tokenization efforts, and institutional involvement are reportedly growing, fueling optimism among supporters for a future breakout.