XRP Could Surge 1,200% Even If CLARITY Act Vote Fails

Crypto analyst Dark Defender believes XRP is setting up for its next major move, regardless of whether Congress advances the CLARITY Act.

In a recent post, the analyst pointed out that XRP's price structure is mimicking the exponential moving-average structures seen in 2014 and 2017, periods that preceded significant price expansions.

XRP could potentially surge by as much as 1,200% even if the CLARITY Act vote fails, according to Dark Defender.

The analyst's analysis focuses on long-term exponential moving averages and highlights XRP's ability to hold its 100-month EMA, which he calls a 'Parabolic Surge Line', while the August candle closed above the 50-month EMA.