CandleFocus Analyst Says XRP May Face 50% Dump Before 3,500% Rally, Following Tesla Path
2024-12-10
Author: Content Editor
According to prominent market analyst EGRAG Crypto, XRP could follow in Tesla's footsteps by experiencing a significant dump followed by a massive rally. EGRAG believes that XRP may face a 50% price slump, similar to what happened to Tesla in 2018, before seeing a substantial 3,500% rally. The analyst points to recent events, including Ripple CEO Brad Garlinghouse's appearance on 60 Minutes, which coincided with XRP's collapse. EGRAG suggests that XRP's price could drop to around $1.3 before experiencing a potential explosive upsurge to $45.6, similar to Tesla's rally. Nonetheless, EGRAG acknowledges that while the assets have similarities, they are still significantly different.
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