XRP is again displaying a technical structure that led to some of its most significant rallies in past years, according to cryptocurrency analyst Dark Defender. In a recent update, Dark Defender highlighted a repeating pattern on the weekly chart known as the Exponential Moving Average (EMA) “Jumping Pattern,” which previously surfaced before notable price surges in 2014 and 2017.
Jumping Pattern on the Weekly Chart
The chart analysis identifies two previous appearances of this Jumping Pattern. The first formed in 2014 and the second in 2017, both preceding strong upward moves. Dark Defender noted the recent structure resembles those setups and implied that a major rally may be near. The analyst referred to this potential upward movement as the “Frog Leap for an all-time high.”
In historical instances, XRP consolidated near important moving averages before initiating its strongest runs. The current setup appears similar, with the asset now compressing around the 23.60% Fibonacci level at $1.1204 and facing resistance at the 85.40% level, marked at $1.5692.
XRP appears ready, mirroring its 2014 and 2017 Exponential Moving Average Jumping Patterns. The possibility of reaching an all-time high may be closer than anticipated.
A major rally in 2017 pushed XRP above $3 for the first time since 2018, fueled by this same pattern. Now, analysts are watching closely as a similar formation develops.
Key Fibonacci Levels and Price Targets
Dark Defender’s analysis provides a sequence of upside targets based on Fibonacci retracement levels. These milestones outline potential price appreciation zones if a breakout occurs. The 161.80% level is set at $1.8815, followed by 261.80% at $4.1043. Further above, targets include 361.80% at $7.0786, 427.20% at $10.1101, and the highest projection at $18.2275.
| Fibonacci Level | Price Target (USD) |
|---|---|
| 23.60% | $1.1204 |
| 85.40% (Resistance) | $1.5692 |
| 161.80% | $1.8815 |
| 261.80% | $4.1043 |
| 361.80% | $7.0786 |
| 427.20% | $10.1101 |
| Final Target | $18.2275 |
The analyst emphasized that this technical setup remains valid even if the legislative outlook for digital assets changes in the near term.
Regulatory Outlook: CLARITY Act
The CLARITY Act, a proposed bill designed to establish regulatory guidelines for digital assets such as XRP, is approaching a key Senate procedural vote scheduled for September 15. The US House of Representatives is set to leave Washington by September 17 and is not expected to return before mid-November, which could delay further legislative progress.
Senator Cynthia Lummis, a member of the US Senate actively involved in cryptocurrency regulation, has warned that failure to pass the bill soon may push substantial crypto legislation decisions to 2030.
Mini dictionary: CLARITY Act, a draft law introduced in the US aiming to provide a clear regulatory framework for digital assets, including cryptocurrencies like XRP. The legislation seeks to clarify existing uncertainties around their legal status and compliance requirements.
What the Chart Implies for XRP
According to Dark Defender, the current EMA structure on the weekly chart positions XRP at the base of a repeated launch pattern, with moving averages converging in a similar setup to prior rallies. The analyst maintains a bullish outlook for XRP’s potential to reach new historical highs, although the outcome remains subject to broader market and regulatory factors.
Current XRP price action aligns closely with prior breakout sequences, suggesting a possible move toward double-digit gains if the pattern holds.
