XRP Price Soars as Analyst Spots Technical Signs of Major Move Ahead of CLARITY Act Vote

Crypto analyst Dark Defender has identified technical signs that suggest XRP is poised for a major price move ahead of the key CLARITY Act vote on September 15. The analyst points out that XRP's price pattern mirrors setups from 2014 and 2017, which preceded significant rallies.

This implies that XRP could be primed for a major move regardless of the outcome of the upcoming Senate vote on the CLARITY Act, which will influence market structure legislation. The analyst notes that while the vote's outcome is uncertain, XRP's price may not need it to break out.

XRP currently faces resistance near $1.50-$1.55 and support around $1.35-$1.31, trading near $1.40, well below its all-time high. The analyst's observations are based on historical patterns, but the outcome of the vote is still a key factor in the market.