Analyst Claims XRP Could Be the Tesla of Crypto‼️
According to prominent market analyst Matt Hughes, XRP has the potential to be the cryptocurrency equivalent of Tesla’s stock performance.
Hughes made this bold comparison in a recent post about X, drawing parallels to a period marked by significant growth for TSLA.
In the comment, Hughes shared a chart juxtaposing Tesla’s historical growth with XRP’s current position, hinting that the latter could be on the verge of experiencing a similar value explosion.
🔘 XRP Price If TSLA Follows Its Path
Hughes’ suggestion that XRP is likely the TSLA of cryptos from the 2010s is attempting to highlight that while XRP is currently underperforming the market, it could be preparing for a major rally that could send it to a new all-time high.
Notably, XRP is trading around $0.5831 today. The analyst sees this current level as the low point before XRP potentially surges to a new all-time high in the next few years, as observed with TSLA.
Notably, a similar 2,857 price increase from XRP’s current point would send the asset above $17