XRP's price has seen a recovery of nearly 30% recently, influenced by the SEC's decision to end its long-running lawsuit against Ripple. Despite facing an injunction preventing XRP sales to institutional investors, technical analysis shows a bullish symmetrical triangle pattern, suggesting a possible price increase of 75% to $4.35 by June. As of March 21, XRP bounced off the lower trendline of this pattern after reaching $2.41, which further indicates potential upward movement towards the upper trendline around $2.35 by April. However, if XRP falls below the lower trendline, it may drop to $1.28. Additionally, the cryptocurrency's recent rally was amplified by the filing of a lawsuit against the SEC and the launch of CFTC-regulated XRP futures by the crypto exchange Bitnomial. Yet, legal constraints could still limit XRP distribution directly to financial institutions, according to legal expert John Deaton, pointing to ongoing challenges for Ripple.

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