XRP Price Poised for Parabolic Move Despite CLARITY Act Uncertainty
Crypto analysts believe that XRP's price is poised to move in a parabolic fashion, even if the CLARITY Act does not pass in the U.S. Senate.
A popular analyst, Dark Defender, posted a weekly chart for XRP price on X, showing its value above multiple long-term Exponential Moving Averages.
The chart displays two previous periods where XRP's price followed a significant breakout, labeled as 'Jumping Patterns'.
Dark Defender notes that the present structure is similar to these historical breakouts and predicts a potential target around $18.23, which represents a 1201% increase from current prices.
However, this level on the chart shows a 361.80% surge, which may be an error.
Meanwhile, Sen. Cynthia Lummis is pushing for the approval of the crypto bill by the end of the current Congress, while Mariotti believes the bill has lost momentum and calls it 'dead.'