Ripple Price Analysis: XRP Likely Preparing For The Next Ride

Ripple price is trading in a tight range above the $0.3240 and $0.3200 support levels against the US dollar.
There is a major contracting triangle formed with resistance at $0.3290 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is likely to make the next move either above $0.3300 or below $0.3200 in the near term.Ripple price is preparing for the next major move against the US Dollar and Bitcoin. XRP/USD could surge above $0.3300 as long as it is above the $0.3160 s