- The outbreak of XRP from a 6-year range reflects the Tesla setup before the upswing and nourishes speculation about a possible long-term rally.
- Despite the strong price development, the low sales of XRP interprets a careful mood, which makes a target of $ 50.
XRP shows signs of starch after it has broken through a multi -year consolidation phase, which compare with the Historical course development of Tesla Before his outbreakobvious . The cryptocurrency value recently rose over the $ 2.10 mark, which led to discussions about whether it could take a similar path to Tesla, which has increased by 2,474 % after a longer phase of the fluctuation width.
While the two assets fundamentally differ, their chart structures have unexpected similarities that, if the story is a hint, have a possible long -term rally.
Tesla’s share price rose to a maximum in 2019, but this sudden increase was preceded by a longer phase of stagnation. After a short -term high in February 2014, Tesla (TSLA) was traded within a wide range for more than five years.
How CNF reported, the share was traded between $ 11.29 and $ 25.97 from early 2014 to the end of 2019. The range took about 2,097 days and was characterized by failed attempts to break through the resistance and strong support near the lower limitation.
This sideways movement led to an outbreak in November 2019. Tesla quickly recovered before a sharp correction occurred in early 2020 and fell by 24.24 % between February and March. Despite this setback, the upward trend continued and strengthened. In November 2021, TSLA reached an all -time high of $ 414.5, which corresponds to an increase of 2,474 % since the outbreak point.
XRP-Muster Shows parallels
XRP pursues a similar course. After Maximum From $ 3.8 in January 2018, XRP entered a longer consolidation, which was between $ 0.2 and $ 1.9. This phase lasted until November 2024 and included more than 2,500 days. At the end of last year there was an outbreak that rose to $ 1.9 before reaching its highs at $ 3.4 in January 2025.
Since then, XRP has suffered a setback and fell 32 % in February and March, which reflects Tesla’s burglary in early 2020 after the outbreak. However, there are signs of relaxation. XRP is now traded at $ 2.14, which corresponds to an increase of 4.70 % in the last 24 hours. The market capitalization of the assets has reached $ 125.18 billion, which makes it the fourth largest cryptocurrency after evaluation.
Momentum builds up – the turnover is not
Despite the latest price increase, the trading volume of XRP has decreased. The 24-hour volume fell by 6.79 % to $ 4.59 billion, with a ratio of volume to market capitalization of 3.68 %. Although the price has been over $ 2.10, the lower volume indicates a certain reluctance to the market.
Nevertheless, the technical indicators indicate that XRP In a New accumulation phase enter could . If the current trend continues and reflects the historical outbreak of Tesla, XRP could control higher price levels. A profit of 2,474 % from its outbreak zone would imply a long-term projection near the 50 dollar brand.
However, such a development remains speculative. The market dynamics, regulatory developments and the behavior of investors will play an important role. The past of the past provide information, but are not a guarantee of future results. Analysts recommend A more conservative outlook, with $ 10 to $ 20, if the general market mood supports this.
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