XRP Price Soars as Analysts Predict 1200% Parabolic Surge

Crypto analysts believe XRP price is poised for a parabolic surge, potentially reaching $18.23 and increasing by 1201% from current prices.

A chart analysis by Dark Defender shows that the current weekly price action of XRP resembles the patterns that preceded the 2014 and 2017 explosive rallies.

The analyst notes that XRP is mimicking its 'Exponential Moving Average Jumping Patterns' seen in previous breakouts, and that a potential target around $18.23 is within reach.

However, some lawmakers are expressing uncertainty about the future of the crypto market structure bill, with one senator warning that if it doesn't pass this Congress, there may not be another opportunity until 2030.