[DigitalToday reporter Yoonseo Lee] XRP could enter a phase of price revaluation after passing through a long sideways range, a forecast said.

On June 1 (local time), blockchain media outlet The Crypto Basic reported that analyst Egrag argued XRP’s current market structure is similar to Tesla’s past long box-range trading.

In a chart posted on X, formerly Twitter, Egrag compared XRP’s recent moves with Tesla’s stock price action. The key point is that the recent consolidation may be seen not as a simple distribution phase but as a long re-accumulation period before a full repricing.

“Many investors sold Tesla during the boring phase right before exponential expansion began,” he said, adding that patient investors could be rewarded.

The comparison drew more attention after crypto commentator and YouTuber Moon Lambo (문 람보) covered the chart in a recent video. Moon Lambo said Tesla entered a strong expansion phase around 2020 after about 7 years of a long correction and sideways trading following a breakout in 2013. During that period, Tesla’s business fundamentals improved but the stock price did not immediately reflect it, he said.

Moon Lambo said XRP holders may also be going through a similar phase. It could take years for improving fundamentals to be reflected in the price, and a long sideways market could shake investors’ conviction in the process, he said. He added that fractals are not always a reliable forecasting tool and that strong fundamentals do not necessarily lead immediately to a price rise.

Network indicators were presented as the basis for optimism. Moon Lambo mentioned that activity is increasing on the XRP Ledger, tokenisation-related efforts are expanding and the network’s total value locked is also rising. He also pointed to major financial institutions joining pilot programmes aimed at tokenisation and payment settlement use cases as a sign of growing institutional involvement in the XRP Ledger.

He said these trends show XRP’s real-world utility and adoption continue to grow regardless of weak prices. XRP is far from the explosive rise investors expected after the previous bull market, but ecosystem expansion is continuing, he said. He also added that XRP remains a risky investment.

As market background, he also cited the aftermath of past surges. Moon Lambo said that because XRP rose by tens of thousands of percent in the 2017 bull market, it may have taken a long time for the market to form a new accumulation phase. In his view, a long correction is not necessarily a bearish signal but could be a structural pause formed after a prior surge.

Ultimately, the core of the comparison is whether XRP’s long sideways trading is bearish distribution or re-accumulation preparing for the next upcycle. Egrag and Moon Lambo place more weight on the latter possibility, but it is still uncertain whether the same pattern will be repeated. Still, it is clear that signs of network expansion and institutional participation appearing before price moves are again stoking expectations among long-term holders.

#XRP - VS - #TSLA Fractal : IF the fractal continues…..then current #XRP price action may eventually look less like distribution… and more like: secular re-accumulation before a major repricing event. Many sold TSLA during the “boring” phase…right before exponential… pic.twitter.com/KxVgQ0i8K9