XRP, unable to break the $3 barrier for 7 years... Analyst: "Identical to just before Tesla's surge"

▲ XRP

An analysis suggests that XRP is in a long-term compression phase, similar to just before Tesla's explosive expansion. Investor fatigue has grown around the $3 mark for several years, but EGRAG CRYPTO believes this very dull sideways movement could be a psychological capitulation phase that occurs before a major revaluation.

According to crypto media outlet The Crypto Basic on May 29 (local time), virtual asset analyst EGRAG CRYPTO analyzed that XRP is going through a market phase similar to Tesla's past stock price movement. He explained that this comparison focuses not on simple price trends but on macro structure, investor psychology, and expansion patterns.

EGRAG CRYPTO pointed out that the biggest commonality between XRP and Tesla is the long-term psychological exhaustion, rather than the price itself. XRP has failed to decisively break the $3 mark since 2018, increasing investor disappointment. Tesla also stagnated for over 6 years from 2013 to 2019, failing to surpass the $20 mark, and investors at the time suffered from repeated failures, fake breakouts, and weakening trust.

Tesla rose to approximately $13 in September 2013, then underwent a correction, setting a new all-time high of $19.43 in September 2014. It then remained below $19.43 for over two years, and although it rose again to $25.80 in June 2017, it failed to surpass that high for another two years. The decisive change occurred after breaking the $30 mark in November 2019, and Tesla extended its new highs to $414 in November 2021 and $498 in December 2025.

This is interpreted as XRP being in a similar fatigue phase. XRP recorded an all-time high of $3.31 in January 2018, then remained below $3 for seven years. In January 2025, it surpassed its 2018 high at $3.4 but failed to break the $4 mark. In July 2025, it rose to $3.6 but was again confined around the $3 level. The Crypto Basic reported that the repeated failure to break $3 is putting similar pressure on XRP investors as Tesla investors experienced from 2013 to 2019.

However, EGRAG CRYPTO stated that the probability of this fractal continuing is between 50% and 60%, and that XRP must first reclaim major macro resistance levels, hold above key Fibonacci zones, and endure the final liquidity reset phase. The Crypto Basic reported that while it is uncertain whether XRP will exactly replicate Tesla's expansion phase, the case of investors who gave up during a long stagnation period missing Tesla's historic rise is once again being discussed in the XRP market.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*