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

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.

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