XRP has seen a 2% increase on June 16, reaching an intraday high of $2.20 as the broader cryptocurrency market rallies. Market sentiment remains positive, driven by Ripple's renewed optimism regarding its lawsuit with the SEC and favorable technical indicators suggesting potential further gains. BTC rose by 1.7%, trading around $107,000, while Ether gained over 4% to just above $2,600. The overall crypto market capitalization climbed by 2.2%, indicating a rebound in market confidence. The Crypto Fear & Greed Index has shifted from 61, representing greed, from a prior low of 71, allowing for possible continued upward movement before reaching extreme greed levels. Additionally, a joint motion between Ripple and the SEC may enhance XRP's outlook, with Attorney John Deaton suggesting a 70% likelihood that the judge will approve the settlement, which could bring regulatory clarity. Analysts forecast a 40% potential increase for XRP to $3.12 if it breaks past crucial resistance levels.

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