As of March 21, XRP bounced after testing the triangle’s lower trendline, eyeing a rise toward the upper trendline— around the apex point at the $2.35 level—by April. The ultimate target for this possible breakout is $4.35 by June, up 75% from the current price levels.

It's just the latest instance of the SEC easing up on the cryptocurrency industry during the Trump presidency.

The price of the XRP coin is up more than 8% after the CEO of cryptocurrency company Ripple said the U.S. securities watchdog has dropped its four-year-old case against the company