Can XRP Repeat a Similar Run, Here’s How Much Tesla Stock Consolidated Before Spiking 2,474%

Tesla stock witnessed an elongated consolidation for several years before witnessing a massive uptrend, with XRP potentially following a similar path.

XRP had been in an extensive consolidation phase before witnessing a breakout last November. This breakout led to a massive run for XRP, pushing the asset from $0.5 to around $1.9 by December 2024. Despite hitting $3.4 in January 2025, XRP has faced a pullback since February.

However, as this correction persists, some believe XRP still has the potential to observe a more extensive run. Amid this increased confidence, we recently confirmed that Tesla (TSLA) witnessed similar bearish patterns as XRP, but eventually observed an extensive run.

Tesla Consolidation and Price Breakout

Notably, Tesla recorded the same consolidation phase that XRP saw from January 2018 to November 2024. Particularly, TSLA saw a rapid run from December 2012 to a peak of $17.67 in February 2014. However, following this top, Tesla saw a pullback and subsequent consolidation.

This consolidation lasted for several months, possibly shaking out investors. Tesla traded within a range of $25.97 and $11.29 between February 2014 and October 2019, about 2,097 days. Within this period, the stock failed to break the resistance at $26, but the bulls fervently defended the support at the $10 psychological mark.

Tesla 1M Chart

However, after this consolidation ended, Tesla witnessed an impressive rally from November 2019. This run met a roadblock in February 2020, with TSLA collapsing by a massive 24.24% in February and March 2020.

Interestingly, the asset recovered shortly after, with the next uptrend being more parabolic than the previous one. This allowed Tesla to soar to a new all-time high of $414.5 in November 2021. The run represented a 2,474% increase from Tesla’s breakout point to the peak of $414.5 in November 2021.

XRP Observing Similar Patterns

Notably, XRP has been observing a similar pattern. In particular, after hitting $3.8 in January 2018, XRP witnessed a pullback and then consolidated for several years. The asset traded within a range of $1.9 and $0.2 from January 2018 to November 2024, essentially 2,557 days.

However, a breakout occurred in November 2024, with XRP rallying from $0.5 to $1.9. Now, a pullback, similar to what Tesla faced in February and March 2020, has materialized. As a result of this pullback, XRP dropped nearly 32% in February and March 2025.

XRP 1M Chart

Interestingly, a recovery is now on the horizon, with XRP up a meager 2.05% this month, April 2025. If XRP observes a similar run to Tesla, its price could also skyrocket 2,474%. Such a rally would push XRP to around the $50 price level, marking a new all-time high.

Currently, XRP changes hands at $2.13, up 3.37% over the past 24 hours. Despite the similarities with Tesla’s previous run, it remains to be seen if XRP can secure a 2,474% rally. However, analysts remain confident in its overall potential, with one recently suggesting a run to $10-$20 remains reachable.

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